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Company Registration No. 11992450 (England and Wales)
PREMIERE CONTRACTORS LTD Unaudited accounts for the year ended 31 March 2024
PREMIERE CONTRACTORS LTD Unaudited accounts Contents
Page
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PREMIERE CONTRACTORS LTD Company Information for the year ended 31 March 2024
Director
Donovan Herbert Campbell
Company Number
11992450 (England and Wales)
Registered Office
133 Creek Road. Unit 2.4 Greenwich LONDON SE8 3BU ENGLAND
Accountants
LIBRA ASSOCIATES (UK) LIMITED 133 CREEK ROAD GREENWICH LONDON SE8 3BU
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PREMIERE CONTRACTORS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
45,263 
88,049 
Current assets
Inventories
80,000 
34,000 
Debtors
231,915 
818,083 
Cash at bank and in hand
108 
139,791 
312,023 
991,874 
Creditors: amounts falling due within one year
(577,224)
(804,677)
Net current (liabilities)/assets
(265,201)
187,197 
Total assets less current liabilities
(219,938)
275,246 
Creditors: amounts falling due after more than one year
(23,031)
(32,244)
Net (liabilities)/assets
(242,969)
243,002 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(243,069)
242,902 
Shareholders' funds
(242,969)
243,002 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 July 2024 and were signed on its behalf by
Donovan Herbert Campbell Director Company Registration No. 11992450
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PREMIERE CONTRACTORS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
PREMIERE CONTRACTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 11992450. The registered office is 133 Creek Road. Unit 2.4, Greenwich, LONDON, SE8 3BU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% - (Three Years) - Straight Line
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PREMIERE CONTRACTORS LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
101,662 
12,459 
114,121 
Additions
53,365 
- 
53,365 
Disposals
(101,662)
- 
(101,662)
At 31 March 2024
53,365 
12,459 
65,824 
Depreciation
At 1 April 2023
20,333 
5,739 
26,072 
Charge for the year
- 
4,149 
4,149 
Surplus on revaluation
10,673 
- 
10,673 
On disposals
(20,333)
- 
(20,333)
At 31 March 2024
10,673 
9,888 
20,561 
Net book value
At 31 March 2024
42,692 
2,571 
45,263 
At 31 March 2023
81,329 
6,720 
88,049 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
26,625 
109,378 
Trade debtors
205,290 
296,290 
Other debtors
- 
412,415 
231,915 
818,083 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
69,999 
61,878 
Taxes and social security
160,620 
52,504 
Other creditors
- 
247,800 
Loans from directors
346,605 
410,995 
Accruals
- 
31,500 
577,224 
804,677 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,031 
32,244 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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PREMIERE CONTRACTORS LTD Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
Mr Donovan Herbert Campbell owns 100% of the issued share capital of the company.
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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