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REGISTERED NUMBER: 00521530 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

PREMIER GUILLOTINE SYSTEMS LIMITED

PREMIER GUILLOTINE SYSTEMS LIMITED (REGISTERED NUMBER: 00521530)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER GUILLOTINE SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: J B Ogden
Mrs S Ogden





REGISTERED OFFICE: Fairweather Green Works
Rear Of 900 Thornton Road
Bradford
West Yorkshire
BD8 0JG





REGISTERED NUMBER: 00521530 (England and Wales)





ACCOUNTANTS: ISIS Business Solutions (Northants) LLP
Venture Court
2 Debdale Road
Wellingborough
Northamptonshire
NN8 5AA

PREMIER GUILLOTINE SYSTEMS LIMITED (REGISTERED NUMBER: 00521530)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,200 21,879

CURRENT ASSETS
Stocks 46,850 71,698
Debtors 5 99,717 194,344
Cash at bank 55,285 90,698
201,852 356,740
CREDITORS
Amounts falling due within one year 6 109,353 243,417
NET CURRENT ASSETS 92,499 113,323
TOTAL ASSETS LESS CURRENT LIABILITIES 111,699 135,202

CREDITORS
Amounts falling due after more than one
year

7

(18,333

)

(27,500

)

PROVISIONS FOR LIABILITIES (4,101 ) (4,101 )
NET ASSETS 89,265 103,601

CAPITAL AND RESERVES
Called up share capital 3,450 3,450
Capital redemption reserve 2,400 2,400
Retained earnings 83,415 97,751
89,265 103,601

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 GUILLOTINE SYSTEMS LIMITED (REGISTERED NUMBER: 00521530)

BALANCE SHEET - continued
30TH SEPTEMBER 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 29th January 2024 and were signed on its behalf by:





J B Ogden - Director


PREMIER GUILLOTINE SYSTEMS LIMITED (REGISTERED NUMBER: 00521530)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

Premier Guillotine Systems 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.

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.

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 2 (2022 - NIL ) .

PREMIER GUILLOTINE SYSTEMS LIMITED (REGISTERED NUMBER: 00521530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1st October 2022 22,602 47,517 34,250
Additions - - -
At 30th September 2023 22,602 47,517 34,250
DEPRECIATION
At 1st October 2022 17,248 43,503 32,085
Charge for year 107 602 325
At 30th September 2023 17,355 44,105 32,410
NET BOOK VALUE
At 30th September 2023 5,247 3,412 1,840
At 30th September 2022 5,354 4,014 2,165

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st October 2022 25,500 38,648 168,517
Additions - 2,008 2,008
At 30th September 2023 25,500 40,656 170,525
DEPRECIATION
At 1st October 2022 19,550 34,252 146,638
Charge for year 1,488 2,165 4,687
At 30th September 2023 21,038 36,417 151,325
NET BOOK VALUE
At 30th September 2023 4,462 4,239 19,200
At 30th September 2022 5,950 4,396 21,879

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,803 82,158
Amounts owed by group undertakings 1,600 -
Other debtors 1,314 112,186
99,717 194,344

PREMIER GUILLOTINE SYSTEMS LIMITED (REGISTERED NUMBER: 00521530)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,389 28,484
Taxation and social security 73,559 71,309
Other creditors 21,405 133,624
109,353 243,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,333 27,500