Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01falseNo description of principal activity77trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12637449 2022-04-01 2023-03-31 12637449 2021-04-01 2022-03-31 12637449 2023-03-31 12637449 2022-03-31 12637449 c:Director1 2022-04-01 2023-03-31 12637449 c:RegisteredOffice 2022-04-01 2023-03-31 12637449 d:ComputerEquipment 2022-04-01 2023-03-31 12637449 d:ComputerEquipment 2023-03-31 12637449 d:ComputerEquipment 2022-03-31 12637449 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 12637449 d:CurrentFinancialInstruments 2023-03-31 12637449 d:CurrentFinancialInstruments 2022-03-31 12637449 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12637449 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12637449 d:ShareCapital 2023-03-31 12637449 d:ShareCapital 2022-03-31 12637449 d:RetainedEarningsAccumulatedLosses 2023-03-31 12637449 d:RetainedEarningsAccumulatedLosses 2022-03-31 12637449 c:FRS102 2022-04-01 2023-03-31 12637449 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12637449 c:FullAccounts 2022-04-01 2023-03-31 12637449 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12637449 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 12637449







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


PREMIER GEL LTD






































img5d6a.png                        

 


PREMIER GEL LTD
 


 
COMPANY INFORMATION


Director
Mr J C Gumbleton 




Registered number
12637449



Registered office
20-22 Wenlock Road,

London

N1 7GU




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


PREMIER GEL LTD
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 7


 


PREMIER GEL LTD
REGISTERED NUMBER:12637449



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
289
387

  
289
387

Current assets
  

Stocks
  
16,097
35,523

Debtors: amounts falling due within one year
 5 
60,428
151,140

Cash at bank and in hand
  
31,004
38,139

  
107,529
224,802

Creditors: amounts falling due within one year
 6 
(37,280)
(187,216)

Net current assets
  
 
 
70,249
 
 
37,586

Total assets less current liabilities
  
70,538
37,973

Provisions for liabilities
  

Deferred tax
  
(72)
(97)

  
 
 
(72)
 
 
(97)

Net assets
  
70,466
37,876


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
70,366
37,776

  
70,466
37,876


Page 1

 


PREMIER GEL LTD
REGISTERED NUMBER:12637449


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr J C Gumbleton
Director

Date: 22 November 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 


PREMIER GEL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Premier Gel Ltd is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 


PREMIER GEL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 


PREMIER GEL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Page 5

 


PREMIER GEL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2022
483



At 31 March 2023

483



Depreciation


At 1 April 2022
97


Charge for the year on owned assets
97



At 31 March 2023

194



Net book value



At 31 March 2023
289



At 31 March 2022
387


5.


Debtors

2023
2022
£
£


Other debtors
60,428
151,140

60,428
151,140


Page 6

 


PREMIER GEL LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
-
73,343

Trade creditors
6,084
13,448

Corporation tax
6,242
74,308

Other taxation and social security
15,088
7,580

Other creditors
7,759
16,430

Accruals and deferred income
2,107
2,107

37,280
187,216



7.


Related party transactions

At the year end, included within creditors falling due under one year were amounts due to a director amounting to £7,208 (2022 - £16,427).

 
Page 7