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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
Page
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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
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PREMIER MARTIAL ARTS ESSEX LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
10,000 
10,000 
Tangible assets
8,591 
9,364 
18,591 
19,364 
Current assets
Debtors
11,634 
12,427 
Cash at bank and in hand
20,329 
21,058 
31,963 
33,485 
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)
Net assets
32,460 
16,235 
Capital and reserves
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
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PREMIER MARTIAL ARTS ESSEX LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
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.
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.
Presentation currency
The accounts are presented in £ sterling.
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.
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 November 2022
10,000 
At 31 October 2023
10,000 
Amortisation
At 1 November 2022
- 
At 31 October 2023
- 
Net book value
At 31 October 2023
10,000 
At 31 October 2022
10,000 
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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 
Additions
- 
- 
296 
296 
At 31 October 2023
2,116 
7,161 
1,423 
10,700 
Depreciation
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 
Net book value
At 31 October 2023
1,694 
5,729 
1,168 
8,591 
At 31 October 2022
1,905 
6,445 
1,014 
9,364 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
28 
Accrued income and prepayments
6,000 
6,000 
Other debtors
5,634 
6,399 
11,634 
12,427 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
3,951 
Trade creditors
- 
4,634 
Taxes and social security
6,654 
6,493 
Other creditors
- 
4,618 
Accruals
- 
600 
6,654 
20,296 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,440 
- 
Other creditors
- 
16,318 
11,440 
16,318 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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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).
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