Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03985179 2023-04-01 2024-03-31 03985179 2022-04-01 2023-03-31 03985179 2024-03-31 03985179 2023-03-31 03985179 c:Director1 2023-04-01 2024-03-31 03985179 d:CurrentFinancialInstruments 2024-03-31 03985179 d:CurrentFinancialInstruments 2023-03-31 03985179 d:Non-currentFinancialInstruments 2024-03-31 03985179 d:Non-currentFinancialInstruments 2023-03-31 03985179 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03985179 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03985179 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 03985179 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 03985179 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 03985179 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 03985179 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 03985179 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 03985179 d:ShareCapital 2024-03-31 03985179 d:ShareCapital 2023-03-31 03985179 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 03985179 d:RetainedEarningsAccumulatedLosses 2024-03-31 03985179 d:RetainedEarningsAccumulatedLosses 2023-03-31 03985179 c:OrdinaryShareClass1 2023-04-01 2024-03-31 03985179 c:OrdinaryShareClass1 2024-03-31 03985179 c:OrdinaryShareClass1 2023-03-31 03985179 c:FRS102 2023-04-01 2024-03-31 03985179 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03985179 c:FullAccounts 2023-04-01 2024-03-31 03985179 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03985179 2 2023-04-01 2024-03-31 03985179 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03985179









PREMIER SS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
PREMIER SS LIMITED
REGISTERED NUMBER: 03985179

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,206
8,327

Cash at bank and in hand
 5 
12,004
16,826

  
18,210
25,153

Creditors: amounts falling due within one year
 6 
(96,305)
(88,855)

Net current liabilities
  
 
 
(78,095)
 
 
(63,702)

Total assets less current liabilities
  
(78,095)
(63,702)

Creditors: amounts falling due after more than one year
 7 
(13,422)
(23,423)

  

Net liabilities
  
(91,517)
(87,125)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
 10 
(91,617)
(87,225)

  
(91,517)
(87,125)


Page 1

 
PREMIER SS LIMITED
REGISTERED NUMBER: 03985179
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 August 2024.




N Johns
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PREMIER SS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Premier SS Limited is a private company limited by shares incorporated in England and Wales. The registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, England, E11 1GA.
The principal activity is that of design, manufacture, and resale of security doors.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Revenue

Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company and value added taxes.
The company recognises revenue when: (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the company retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to each of the company’s sales channels have been met, as described below:
(i) The company provides contractor services. Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen.
(ii) In the course of providing contractor services the company's customers will retain a retention amount. The retention amount will be recognised in the accounting period when the company considers it has fulfilled its obligations under the terms of each of its contracts. All sales are normally made with credit terms.
The element of financing is deemed immaterial and disregarded in the measurement of revenue.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
PREMIER SS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
PREMIER SS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Debtors

2024
2023
£
£


Trade debtors
6,206
7,902

Other debtors
-
425

6,206
8,327



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
12,004
16,826



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Amounts due to connected companies
83,305
75,855

Accruals and deferred income
3,000
3,000

96,305
88,855



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
13,422
23,423


Page 5

 
PREMIER SS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
3,422
13,423

23,422
33,423


Page 6

 
PREMIER SS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Reserves

Profit and loss account

The Profit and loss account consists of distributable reserves arising from cumulative historical profits and losses net of dividends or other adjustments.


11.


Related party transactions

At the year end the company had amounts outstanding of £83,305 (2023 £75,855) owed to companies under common control of the Directors.  


12.


Controlling party

The company's ultimate parent undertaking is Abacus-69 Holdings Limited and its controlling party is Neil Johns.

 
Page 7