Company Registration No. 13677299 (England and Wales)
PREMIER MARTIAL ARTS ESSEX LTD
Unaudited accounts
for the year ended 31 October 2023
PREMIER MARTIAL ARTS ESSEX LTD
Unaudited accounts
Contents
PREMIER MARTIAL ARTS ESSEX LTD
Company Information
for the year ended 31 October 2023
Director
John William Gordon BUCKTON
Company Number
13677299 (England and Wales)
Registered Office
1 BOND STREET
CHELMSFORD
ESSEX
CM1 1GD
ENGLAND
Accountants
Pro Tax Plus Accountants
MITRE HOUSE
2 BOND STREET
Ipswich
Suffolk
IP4 1JE
PREMIER MARTIAL ARTS ESSEX LTD
Statement of financial position
as at 31 October 2023
Intangible assets
10,000
10,000
Tangible assets
8,591
9,364
Cash at bank and in hand
20,329
21,058
Creditors: amounts falling due within one year
(6,654)
(20,296)
Net current assets
25,309
13,189
Total assets less current liabilities
43,900
32,553
Creditors: amounts falling due after more than one year
(11,440)
(16,318)
Called up share capital
100
100
Profit and loss account
32,360
16,135
Shareholders' funds
32,460
16,235
For the year ending 31 October 2023 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 25 July 2024 and were signed on its behalf by
John William Gordon BUCKTON
Director
Company Registration No. 13677299
PREMIER MARTIAL ARTS ESSEX LTD
Notes to the Accounts
for the year ended 31 October 2023
PREMIER MARTIAL ARTS ESSEX LTD is a private company, limited by shares, registered in England and Wales, registration number 13677299. The registered office is 1 BOND STREET, CHELMSFORD, ESSEX, CM1 1GD, 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.
The accounts are presented in £ sterling.
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.
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:
Plant & machinery
10% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
10% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
PREMIER MARTIAL ARTS ESSEX LTD
Notes to the Accounts
for the year ended 31 October 2023
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
2,116
7,161
1,127
10,404
At 31 October 2023
2,116
7,161
1,423
10,700
At 1 November 2022
211
716
113
1,040
Charge for the year
211
716
142
1,069
At 31 October 2023
422
1,432
255
2,109
At 31 October 2023
1,694
5,729
1,168
8,591
At 31 October 2022
1,905
6,445
1,014
9,364
Amounts falling due within one year
Accrued income and prepayments
6,000
6,000
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,654
6,493
8
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
PREMIER MARTIAL ARTS ESSEX LTD
Notes to the Accounts
for the year ended 31 October 2023
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).