Company Registration No. SC276362 (Scotland)
Premier1Print Limited
Unaudited accounts
for the year ended 30 November 2023
Premier1Print Limited
Unaudited accounts
Contents
Premier1Print Limited
Company Information
for the year ended 30 November 2023
Directors
Keith Cohen
Marlyn Campbell
Company Number
SC276362 (Scotland)
Registered Office
58 Vicar Street
Falkirk
FK30BG
Accountants
Bridge of Allan Enterprise Ltd
"The Summerhouse"
29A Kenilworth Road, Bridge of Allan
Stirling
FK9 4EH
Premier1Print Limited
Statement of financial position
as at 30 November 2023
Tangible assets
3,981
2,763
Cash at bank and in hand
55,690
55,175
Creditors: amounts falling due within one year
(19,963)
(22,111)
Net current assets
49,584
52,081
Total assets less current liabilities
53,565
59,244
Creditors: amounts falling due after more than one year
(10,086)
(15,977)
Provisions for liabilities
Called up share capital
20
20
Capital redemption reserve
13,883
13,883
Profit and loss account
28,830
28,849
Shareholders' funds
42,733
42,752
For the year ending 30 November 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 directors acknowledge their 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 of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
Keith Cohen
Director
Company Registration No. SC276362
Premier1Print Limited
Notes to the Accounts
for the year ended 30 November 2023
Premier1Print Limited is a private company, limited by shares, registered in Scotland, registration number SC276362. The registered office is 58 Vicar Street, Falkirk, FK30BG.
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.
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
20% per annum straightline basis
Motor vehicles
20% per annum straightline basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill was acquired in 2013 with an anticipated life of 10 years. Current years amortisation charge has been amended to account for this.
4
Intangible fixed assets
Goodwill
At 30 November 2023
44,000
At 30 November 2023
44,000
Premier1Print Limited
Notes to the Accounts
for the year ended 30 November 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 December 2022
143,005
9,746
152,751
At 30 November 2023
147,005
9,746
156,751
At 1 December 2022
140,242
9,746
149,988
Charge for the year
2,782
-
2,782
At 30 November 2023
143,024
9,746
152,770
At 30 November 2023
3,981
-
3,981
At 30 November 2022
2,763
-
2,763
Amounts falling due within one year
Trade debtors
9,191
12,497
Accrued income and prepayments
1,000
1,000
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,000
6,000
Trade creditors
1,041
2,317
Taxes and social security
4,036
5,090
Loans from directors
5,638
3,648
8
Creditors: amounts falling due after more than one year
2023
2022
9
Transactions with related parties
The loan by a director is interest free and no fixed terms of repayment have been agreed.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).