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REGISTERED NUMBER: 06464886 (England and Wales)












Financial Statements

for the Year Ended 30th June 2023

for

PREMIUM SURGICAL BRANDS LIMITED

PREMIUM SURGICAL BRANDS LIMITED (REGISTERED NUMBER: 06464886)

Contents of the Financial Statements
for the year ended 30th June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIUM SURGICAL BRANDS LIMITED

Company Information
for the year ended 30th June 2023







DIRECTORS: N Mitchinson
Mrs K Mitchinson





SECRETARY: Mrs K Mitchinson





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 06464886 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

PREMIUM SURGICAL BRANDS LIMITED (REGISTERED NUMBER: 06464886)

Balance Sheet
30th June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,964 4,922

CURRENT ASSETS
Stocks 150 150
Debtors 5 72,571 191,565
Cash at bank 12,869 2,213
85,590 193,928
CREDITORS
Amounts falling due within one year 6 12,527 12,395
NET CURRENT ASSETS 73,063 181,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

77,027

186,455

CREDITORS
Amounts falling due after more than one year 7 40,000 40,000
NET ASSETS 37,027 146,455

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 36,926 146,354
SHAREHOLDERS' FUNDS 37,027 146,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

PREMIUM SURGICAL BRANDS LIMITED (REGISTERED NUMBER: 06464886)

Balance Sheet - continued
30th June 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 16th February 2024 and were signed on its behalf by:





N Mitchinson - Director


PREMIUM SURGICAL BRANDS LIMITED (REGISTERED NUMBER: 06464886)

Notes to the Financial Statements
for the year ended 30th June 2023


1. STATUTORY INFORMATION

PREMIUM SURGICAL BRANDS 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.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PREMIUM SURGICAL BRANDS LIMITED (REGISTERED NUMBER: 06464886)

Notes to the Financial Statements - continued
for the year ended 30th June 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st July 2022 15,706 1,817 17,523
Additions - 273 273
At 30th June 2023 15,706 2,090 17,796
DEPRECIATION
At 1st July 2022 11,754 847 12,601
Charge for year 988 243 1,231
At 30th June 2023 12,742 1,090 13,832
NET BOOK VALUE
At 30th June 2023 2,964 1,000 3,964
At 30th June 2022 3,952 970 4,922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Other debtors 5,600 5,600
Directors' current accounts 32,223 104,053
Tax 33,817 81,912
VAT 931 -
72,571 191,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 847 341
VAT - 454
Accrued expenses 1,680 1,600
12,527 12,395

PREMIUM SURGICAL BRANDS LIMITED (REGISTERED NUMBER: 06464886)

Notes to the Financial Statements - continued
for the year ended 30th June 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans due between 1 and 2 years 10,000 10,000
Bank loans due between 2 and 5 years 30,000 30,000
40,000 40,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
101 101

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2023 and 30th June 2022:

30/6/23 30/6/22
£    £   
N Mitchinson
Balance outstanding at start of year 104,053 182,951
Amounts repaid (71,830 ) (78,898 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,223 104,053