1 December 2022 false No description of principal activity Taxfiler 2024.5 SC276362business:PrivateLimitedCompanyLtd2022-12-012023-11-30 SC2763622022-11-30 SC2763622022-12-012023-11-30 SC276362business:AuditExemptWithAccountantsReport2022-12-012023-11-30 SC276362business:FilletedAccounts2022-12-012023-11-30 SC2763622023-11-30 SC276362business:Director12022-12-012023-11-30 SC276362business:Director22022-12-012023-11-30 SC276362business:RegisteredOffice2022-12-012023-11-30 SC2763622022-11-30 SC276362core:WithinOneYear2023-11-30 SC276362core:WithinOneYear2022-11-30 SC276362core:AfterOneYear2023-11-30 SC276362core:AfterOneYear2022-11-30 SC276362core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 SC276362core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 SC276362core:CapitalRedemptionReservecore:PreviouslyStatedAmount2023-11-30 SC276362core:CapitalRedemptionReservecore:PreviouslyStatedAmount2022-11-30 SC276362core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 SC276362core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 SC276362core:PreviouslyStatedAmount2023-11-30 SC276362core:PreviouslyStatedAmount2022-11-30 SC276362business:SmallEntities2022-12-012023-11-30 SC276362countries:Scotland2022-12-012023-11-30 SC276362core:PlantMachinery2022-12-012023-11-30 SC276362core:MotorVehicles2022-12-012023-11-30 SC276362core:Goodwill2022-11-30 SC276362core:Goodwill2023-11-30 SC276362core:Goodwill2022-12-012023-11-30 SC276362core:PlantMachinery2022-11-30 SC276362core:MotorVehicles2022-11-30 SC276362core:PlantMachinery2023-11-30 SC276362core:MotorVehicles2023-11-30 SC2763622021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. SC276362 (Scotland)
Premier1Print Limited Unaudited accounts for the year ended 30 November 2023
Premier1Print Limited Unaudited accounts Contents
Page
- 2 -
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
- 3 -
Premier1Print Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
4,400 
Tangible assets
3,981 
2,763 
3,981 
7,163 
Current assets
Inventories
3,666 
5,520 
Debtors
10,191 
13,497 
Cash at bank and in hand
55,690 
55,175 
69,547 
74,192 
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
Deferred tax
(746)
(515)
Net assets
42,733 
42,752 
Capital and reserves
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
- 4 -
Premier1Print Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
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.
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.
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
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 
£ 
Cost
At 1 December 2022
44,000 
At 30 November 2023
44,000 
Amortisation
At 1 December 2022
39,600 
Charge for the year
4,400 
At 30 November 2023
44,000 
Net book value
At 30 November 2023
- 
At 30 November 2022
4,400 
- 5 -
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 
Additions
4,000 
- 
4,000 
At 30 November 2023
147,005 
9,746 
156,751 
Depreciation
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 
Net book value
At 30 November 2023
3,981 
- 
3,981 
At 30 November 2022
2,763 
- 
2,763 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,191 
12,497 
Accrued income and prepayments
1,000 
1,000 
10,191 
13,497 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
2,098 
3,906 
Trade creditors
1,041 
2,317 
Taxes and social security
4,036 
5,090 
Loans from directors
5,638 
3,648 
Accruals
1,150 
1,150 
19,963 
22,111 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,086 
15,977 
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).
- 6 -