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REGISTERED NUMBER: 08174726 (England and Wales)

























Financial Statements

for the Year Ended 31 August 2023

for

Premier Form Tools Limited

Premier Form Tools Limited (Registered number: 08174726)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Form Tools Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: R E Hand
R A Sprules





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 08174726 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Premier Form Tools Limited (Registered number: 08174726)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,318 2,878
Tangible assets 5 236,526 232,570
238,844 235,448

CURRENT ASSETS
Stocks 174,917 180,211
Debtors 6 285,037 206,868
Cash at bank 87,701 92,389
547,655 479,468
CREDITORS
Amounts falling due within one year 7 213,020 201,533
NET CURRENT ASSETS 334,635 277,935
TOTAL ASSETS LESS CURRENT
LIABILITIES

573,479

513,383

PROVISIONS FOR LIABILITIES 55,728 32,639
NET ASSETS 517,751 480,744

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 517,631 480,624
SHAREHOLDERS' FUNDS 517,751 480,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Premier Form Tools Limited (Registered number: 08174726)

Balance Sheet - continued
31 August 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:




R E Hand - Director



R A Sprules - Director


Premier Form Tools Limited (Registered number: 08174726)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Premier Form Tools Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

Premier Form Tools Limited (Registered number: 08174726)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 5,597
AMORTISATION
At 1 September 2022 2,719
Charge for year 560
At 31 August 2023 3,279
NET BOOK VALUE
At 31 August 2023 2,318
At 31 August 2022 2,878

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 597,381
Additions 46,559
At 31 August 2023 643,940
DEPRECIATION
At 1 September 2022 364,811
Charge for year 42,603
At 31 August 2023 407,414
NET BOOK VALUE
At 31 August 2023 236,526
At 31 August 2022 232,570

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 212,560 136,725
Other debtors 72,477 70,143
285,037 206,868

Premier Form Tools Limited (Registered number: 08174726)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 69,781 84,539
Other creditors 143,239 116,994
213,020 201,533