Company Registration No. 12153510 (England and Wales)
PREMIUM VERTEX LTD
Unaudited accounts
for the year ended 31 August 2023
PREMIUM VERTEX LTD
Unaudited accounts
Contents
PREMIUM VERTEX LTD
Company Information
for the year ended 31 August 2023
Company Number
12153510 (England and Wales)
Registered Office
Office 1957
182-184 High Street North
East Ham, London
E6 2JA
PREMIUM VERTEX LTD
Statement of financial position
as at 31 August 2023
Cash at bank and in hand
88,226
26,425
Creditors: amounts falling due within one year
(776,140)
(132,326)
Net current assets
210,174
171,760
Total assets less current liabilities
210,174
171,760
Creditors: amounts falling due after more than one year
(128,776)
(128,776)
Called up share capital
1
1
Profit and loss account
81,397
42,983
Shareholders' funds
81,398
42,984
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 February 2024 and were signed on its behalf by
OLEKSII ZUIEV
Director
Company Registration No. 12153510
PREMIUM VERTEX LTD
Notes to the Accounts
for the year ended 31 August 2023
PREMIUM VERTEX LTD is a private company, limited by shares, registered in England and Wales, registration number 12153510. The registered office is Office 1957 , 182-184 High Street North, East Ham, London, E6 2JA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts falling due within one year
Trade debtors
898,088
277,661
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
9,011
7,313
Other creditors
767,129
125,013
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
128,776
128,776
PREMIUM VERTEX LTD
Notes to the Accounts
for the year ended 31 August 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).