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REGISTERED NUMBER: 05504926 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

PREMIER SPORTS SOLUTIONS LIMITED

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PREMIER SPORTS SOLUTIONS LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2023







DIRECTOR: R Clark





SECRETARY: R Clark





REGISTERED OFFICE: c/o BAND
111 Charterhouse Street
London
EC1M 6AW





REGISTERED NUMBER: 05504926 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,116 81,649
Investments 5 12,500 12,500
119,616 94,149

CURRENT ASSETS
Stocks 6 50,000 145,350
Debtors 7 713,802 305,473
Cash at bank 301,588 370,025
1,065,390 820,848
CREDITORS
Amounts falling due within one year 8 333,312 271,478
NET CURRENT ASSETS 732,078 549,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,694

643,519

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 851,594 643,419
SHAREHOLDERS' FUNDS 851,694 643,519

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 director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 April 2024 and were signed by:





R Clark - Director


PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2023


1. STATUTORY INFORMATION

Premier Sports Solutions 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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% on reducing balance
Computer equipment 33% on reducing balance
Motor Vehicles 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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.

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 8 (2022 - 8 ) .

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 152,403 - 6,029 158,432
Additions 1,693 55,946 - 57,639
At 31 July 2023 154,096 55,946 6,029 216,071
DEPRECIATION
At 1 August 2022 72,531 - 4,252 76,783
Charge for year 20,391 11,189 592 32,172
At 31 July 2023 92,922 11,189 4,844 108,955
NET BOOK VALUE
At 31 July 2023 61,174 44,757 1,185 107,116
At 31 July 2022 79,872 - 1,777 81,649

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 August 2022
and 31 July 2023 12,500
NET BOOK VALUE
At 31 July 2023 12,500
At 31 July 2022 12,500

6. STOCKS
2023 2022
£    £   
Stocks 50,000 145,350

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 529,813 -
Other debtors 183,989 91,821
Directors' current accounts - 49,999
Prepayments and accrued income - 163,653
713,802 305,473

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 58,137 116,895
Tax 108,012 101,438
Social security and other taxes 16,515 11,140
VAT 5,681 28,125
Other creditors 31,046 -
Directors' current accounts 9,421 -
Accrued expenses 104,500 13,880
333,312 271,478

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 August 2022 643,419
Profit for the year 358,175
Dividends (150,000 )
At 31 July 2023 851,594

11. RELATED PARTY DISCLOSURES

PREMIER SPORTS CUSTOMS LIMITED

At the balance sheet date the Company was owed £182,260 (2022: Nil) from Premier Sports Customs Limited, a company under common control.

PSS HOLDINGS LIMITED

At the balance sheet date the Company was owed £347,553 (2022: Nil) from PSS Holdings Limited, a company under common control.

During the year the company entered into an Omnibus Guarantee and Set Off Agreement with PSS Holdings and Lloyds Bank Plc.

DIRECTORS ADVANCES AND CREDITS

At the balance sheet date the Company owed the Director £9,421 (2022: £49,999 in debit). This balance is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R Clark.