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
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
PREMIERE CONTRACTORS LTD
Statement of financial position
as at 31 March 2024
Tangible assets
45,263
88,049
Cash at bank and in hand
108
139,791
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
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
PREMIERE CONTRACTORS LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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
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
Disposals
(101,662)
-
(101,662)
At 31 March 2024
53,365
12,459
65,824
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
At 31 March 2024
42,692
2,571
45,263
At 31 March 2023
81,329
6,720
88,049
Amounts falling due within one year
Trade debtors
205,290
296,290
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
69,999
61,878
Taxes and social security
160,620
52,504
Loans from directors
346,605
410,995
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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).