PREMIER SWIM LIMITED |
Notes to the Accounts |
for the year ended 31 May 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Going concern |
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The accounts have been prepared on a going concern basis, the validity of which is dependent upon the continued support of the director. The director has given assurances that this support will continue for the foreseeable future and he is hopeful that profitability will improve next year. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
283 |
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135 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Taxation and social security costs |
185 |
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113 |
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Other creditors |
4,098 |
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1,835 |
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4,283 |
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1,948 |
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5 |
Other information |
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PREMIER SWIM LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
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Station Chambers |
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36 Bolton Street |
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Bury |
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Lancs |
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BL9 0LL |