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REGISTERED NUMBER: 04550489 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

PREMIERE CHAUFFEUR DRIVE LIMITED

PREMIERE CHAUFFEUR DRIVE LIMITED (REGISTERED NUMBER: 04550489)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIERE CHAUFFEUR DRIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: I Mudhar





SECRETARY: S Jayatilaka





REGISTERED OFFICE: Unit A
Crosspoint Distribution Park
Swallowfield Way
Hayes
UB3 1DQ





REGISTERED NUMBER: 04550489 (England and Wales)






PREMIERE CHAUFFEUR DRIVE LIMITED (REGISTERED NUMBER: 04550489)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,329,520 2,771,353

CURRENT ASSETS
Debtors 5 2,164,421 1,436,428
Cash at bank and in hand 1,278,508 353,694
3,442,929 1,790,122
CREDITORS
Amounts falling due within one year 6 (576,711 ) (492,126 )
NET CURRENT ASSETS 2,866,218 1,297,996
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,195,738

4,069,349

CREDITORS
Amounts falling due after more than one
year

7

(9,252,600

)

(7,853,511

)
NET LIABILITIES (3,056,862 ) (3,784,162 )

CAPITAL AND RESERVES
Called up share capital 9 1,500,001 1,500,001
Retained earnings 10 (4,556,863 ) (5,284,163 )
SHAREHOLDERS' FUNDS (3,056,862 ) (3,784,162 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

PREMIERE CHAUFFEUR DRIVE LIMITED (REGISTERED NUMBER: 04550489)

BALANCE SHEET - continued
31ST OCTOBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th July 2024 and were signed by:





I Mudhar - Director


PREMIERE CHAUFFEUR DRIVE LIMITED (REGISTERED NUMBER: 04550489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Premiere Chauffeur Drive 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

Going concern
The company is reliant on the continued support of its director to continue trading. On this basis the financial statements have been prepared on a going concern basis.The financial statements do not include any adjustments that may be required from a withdrawal of such financial support.

PREMIERE CHAUFFEUR DRIVE LIMITED (REGISTERED NUMBER: 04550489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Improvements fittings
Freehold to and Motor
property property equipment vehicles Totals
£    £    £    £    £   
COST
At 1st November 2022 1,287,660 89,754 156,950 4,150,832 5,685,196
Additions - - 12,286 1,546,727 1,559,013
Disposals - - - (1,075,727 ) (1,075,727 )
At 31st October 2023 1,287,660 89,754 169,236 4,621,832 6,168,482
DEPRECIATION
At 1st November 2022 120,182 12,565 133,744 2,647,352 2,913,843
Charge for year 17,169 1,795 8,873 692,399 720,236
Eliminated on disposal - - - (795,117 ) (795,117 )
At 31st October 2023 137,351 14,360 142,617 2,544,634 2,838,962
NET BOOK VALUE
At 31st October 2023 1,150,309 75,394 26,619 2,077,198 3,329,520
At 31st October 2022 1,167,478 77,189 23,206 1,503,480 2,771,353

Included in cost of land and buildings is freehold land of £ 429,220 (2022 - £ 429,220 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,340,478 678,649
Other debtors and prepayments 23,483 41,874
Director's current account - 31,620
Deferred tax asset 800,460 684,285
2,164,421 1,436,428

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 241,262 187,551
Social security and other taxes 11,304 23,239
Other taxation 258,059 270,728
Other creditors and accruals 13,894 10,608
Director's current account 52,192 -
576,711 492,126

PREMIERE CHAUFFEUR DRIVE LIMITED (REGISTERED NUMBER: 04550489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans 9,252,600 7,853,511

8. DEFERRED TAX
£   
Balance at 1st November 2022 (684,285 )
Provided during year (116,175 )
Deferred capital allowances
Balance at 31st October 2023 (800,460 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,500,001 Ordinary Shares £1 1,500,001 1,500,001

10. RESERVES
Retained
earnings
£   

At 1st November 2022 (5,284,163 )
Profit for the year 727,300
At 31st October 2023 (4,556,863 )