1 March 2022 false No description of principal activity Taxfiler 2023.14 11803607business:PrivateLimitedCompanyLtd2022-03-012023-02-28 118036072022-02-28 118036072022-03-012023-02-28 11803607business:AuditExemptWithAccountantsReport2022-03-012023-02-28 11803607business:FilletedAccounts2022-03-012023-02-28 118036072023-02-28 11803607business:Director12022-03-012023-02-28 11803607business:RegisteredOffice2022-03-012023-02-28 11803607core:WithinOneYear2023-02-28 11803607core:AfterOneYear2023-02-28 11803607core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11803607core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11803607core:PreviouslyStatedAmount2023-02-28 11803607business:SmallEntities2022-03-012023-02-28 11803607countries:EnglandWales2022-03-012023-02-28 11803607core:FurnitureFittings2022-03-012023-02-28 11803607core:Goodwill2022-02-28 11803607core:Goodwill2023-02-28 11803607core:PlantMachinery2022-02-28 11803607core:PlantMachinery2023-02-28 11803607core:PlantMachinery2022-03-012023-02-28 11803607business:OrdinaryShareClass12022-03-012023-02-28 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11803607 (England and Wales)
PREMIER SUPERNEWS LTD Unaudited accounts for the year ended 28 February 2023
PREMIER SUPERNEWS LTD Unaudited accounts Contents
Page
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PREMIER SUPERNEWS LTD Company Information for the year ended 28 February 2023
Director
Zahid Iqbal
Company Number
11803607 (England and Wales)
Registered Office
UNIT K-5 FRIARS WALK SHOPPING CENTRE NEWPORT GWENT NP20 1DU UNITED KINGDOM
Accountants
XEN ACCOUNTANTS LTD 102 A COMMERCIAL STREET NEWPORT NP20 1LU
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PREMIER SUPERNEWS LTD Statement of financial position as at 28 February 2023
2023 
Notes
£ 
Fixed assets
Intangible assets
55,503 
Tangible assets
801 
56,304 
Current assets
Inventories
19,385 
Debtors
50,000 
Cash at bank and in hand
9,430 
78,815 
Creditors: amounts falling due within one year
(138,582)
Net current liabilities
(59,767)
Total assets less current liabilities
(3,463)
Creditors: amounts falling due after more than one year
(40,212)
Net liabilities
(43,675)
Capital and reserves
Called up share capital
100 
Profit and loss account
(43,775)
Shareholders' funds
(43,675)
For the year ending 28 February 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 16 February 2024 and were signed on its behalf by
Zahid Iqbal Director Company Registration No. 11803607
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PREMIER SUPERNEWS LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
PREMIER SUPERNEWS LTD is a private company, limited by shares, registered in England and Wales, registration number 11803607. The registered office is UNIT K-5, FRIARS WALK SHOPPING CENTRE, NEWPORT, GWENT, NP20 1DU, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2022
55,503 
At 28 February 2023
55,503 
Amortisation
At 1 March 2022
- 
At 28 February 2023
- 
Net book value
At 28 February 2023
55,503 
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PREMIER SUPERNEWS LTD Notes to the Accounts for the year ended 28 February 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2022
2,608 
At 28 February 2023
2,608 
Depreciation
At 1 March 2022
1,539 
Charge for the year
268 
At 28 February 2023
1,807 
Net book value
At 28 February 2023
801 
6
Debtors
2023 
£ 
Amounts falling due within one year
Other debtors
50,000 
7
Creditors: amounts falling due within one year
2023 
£ 
VAT
473 
Trade creditors
1,190 
Other creditors
10,660 
Loans from directors
125,899 
Accruals
360 
138,582 
8
Creditors: amounts falling due after more than one year
2023 
£ 
Bank loans
40,212 
9
Share capital
2023 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
10
Average number of employees
During the year the average number of employees was 1.
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