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REGISTERED NUMBER: 09280472 (England and Wales)













Financial Statements

for the Year Ended 31 October 2023

for

Premierled Limited

Premierled Limited (Registered number: 09280472)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premierled Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: M J Atkinson





REGISTERED OFFICE: Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG





REGISTERED NUMBER: 09280472 (England and Wales)





ACCOUNTANTS: Roy Pinnock & Co LLP
Chartered Certified Accountants
Wren House
68 London Road
St Albans
Hertfordshire
AL1 1NG

Premierled Limited (Registered number: 09280472)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,063 18,779

CURRENT ASSETS
Debtors 5 12,649 9,000
Cash at bank 16,255 17,188
28,904 26,188
CREDITORS
Amounts falling due within one year 6 35,026 46,079
NET CURRENT LIABILITIES (6,122 ) (19,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,941

(1,112

)

CREDITORS
Amounts falling due after more than one
year

7

(6,209

)

(8,630

)

PROVISIONS FOR LIABILITIES (2,672 ) (3,568 )
NET LIABILITIES (940 ) (13,310 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,040 ) (13,410 )
SHAREHOLDERS' FUNDS (940 ) (13,310 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Premierled Limited (Registered number: 09280472)

Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 August 2024 and were signed by:





M J Atkinson - Director


Premierled Limited (Registered number: 09280472)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Premierled Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Premierled Limited (Registered number: 09280472)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 1,369 69,890 3,255 74,514
Additions 208 - - 208
At 31 October 2023 1,577 69,890 3,255 74,722
DEPRECIATION
At 1 November 2022 385 52,418 2,932 55,735
Charge for year 394 4,368 162 4,924
At 31 October 2023 779 56,786 3,094 60,659
NET BOOK VALUE
At 31 October 2023 798 13,104 161 14,063
At 31 October 2022 984 17,472 323 18,779

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 12,649 9,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 2,500 2,500
Hire purchase contracts 833 5,833
Trade creditors 1,159 1,104
Taxation and social security 11,294 12,822
Other creditors 19,240 23,820
35,026 46,079

Premierled Limited (Registered number: 09280472)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 6,209 8,630

8. ULTIMATE CONTROLLING PARTY

The controlling party is M J Atkinson.