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REGISTERED NUMBER: 03496869 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Premier Coachworks (Huddersfield)
Limited

Premier Coachworks (Huddersfield)
Limited (Registered number: 03496869)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Premier Coachworks (Huddersfield)
Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr A Stringer
Mr P Stringer





SECRETARY: Mr A Stringer





REGISTERED OFFICE: Nile Street
Off St Thomas Road
Huddersfield
West Yorkshire
HD1 3LP





REGISTERED NUMBER: 03496869 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Premier Coachworks (Huddersfield)
Limited (Registered number: 03496869)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 25,863 26,592

CURRENT ASSETS
Stocks 52,216 56,508
Debtors 6 207,960 169,439
Cash at bank 3,684 39,329
263,860 265,276
CREDITORS
Amounts falling due within one year 7 314,180 317,958
NET CURRENT LIABILITIES (50,320 ) (52,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,457

)

(26,090

)

CREDITORS
Amounts falling due after more than one
year

8

(41,043

)

(63,543

)

PROVISIONS FOR LIABILITIES (4,914 ) -
NET LIABILITIES (70,414 ) (89,633 )

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings (80,414 ) (99,633 )
SHAREHOLDERS' FUNDS (70,414 ) (89,633 )

Premier Coachworks (Huddersfield)
Limited (Registered number: 03496869)

Statement of Financial Position - continued
31 July 2023


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:





Mr A Stringer - Director


Premier Coachworks (Huddersfield)
Limited (Registered number: 03496869)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Premier Coachworks (Huddersfield) 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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 - 15% on reducing balance

All fixed assets are initially recorded at cost.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


Premier Coachworks (Huddersfield)
Limited (Registered number: 03496869)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2022 55,761 69,381 8,423 9,728 143,293
Additions - - - 4,635 4,635
At 31 July 2023 55,761 69,381 8,423 14,363 147,928
DEPRECIATION
At 1 August 2022 55,761 50,407 4,891 5,642 116,701
Charge for year - 2,847 530 1,987 5,364
At 31 July 2023 55,761 53,254 5,421 7,629 122,065
NET BOOK VALUE
At 31 July 2023 - 16,127 3,002 6,734 25,863
At 31 July 2022 - 18,974 3,532 4,086 26,592

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 200,038 162,321
Other debtors 7,922 7,118
207,960 169,439

Premier Coachworks (Huddersfield)
Limited (Registered number: 03496869)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,500 22,500
Trade creditors 159,263 165,542
Taxation and social security 12,895 31,124
Other creditors 119,522 98,792
314,180 317,958

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 41,043 63,543

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr A Stringer
Balance outstanding at start of year - 14,034
Amounts repaid - (14,034 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr P Stringer
Balance outstanding at start of year - -
Amounts advanced - 3,300
Amounts repaid - (3,300 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -