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REGISTERED NUMBER: 03493201 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PREMIER PLUS LIMITED

PREMIER PLUS LIMITED (REGISTERED NUMBER: 03493201)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER PLUS LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: K V Hull
R J Manning
N Hull





SECRETARY: Mrs P G Hull





REGISTERED OFFICE: Fenice Court
Phoenix Park
Eaton Socon
Cambridgeshre
PE19 8EW





REGISTERED NUMBER: 03493201 (England and Wales)





ACCOUNTANTS: TC Group
4 Office Village
Forder Way
Cygnet Park, Hampton
Peterborough
Cambridgeshire
PE7 8GX

PREMIER PLUS LIMITED (REGISTERED NUMBER: 03493201)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 136,634 161,256
Investments 5 140,942 137,076
277,576 298,332

CURRENT ASSETS
Debtors 6 678,422 389,634
Cash at bank and in hand 400,262 542,393
1,078,684 932,027
CREDITORS
Amounts falling due within one year 7 197,351 137,791
NET CURRENT ASSETS 881,333 794,236
TOTAL ASSETS LESS CURRENT LIABILITIES 1,158,909 1,092,568

PROVISIONS FOR LIABILITIES 8 33,209 28,572
NET ASSETS 1,125,700 1,063,996

CAPITAL AND RESERVES
Called up share capital 1,005 1,005
Retained earnings 9 1,124,695 1,062,991
SHAREHOLDERS' FUNDS 1,125,700 1,063,996

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PREMIER PLUS LIMITED (REGISTERED NUMBER: 03493201)

BALANCE SHEET - continued
30 April 2024


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 Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





K V Hull - Director


PREMIER PLUS LIMITED (REGISTERED NUMBER: 03493201)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Premier Plus 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

Financial instruments
The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.


PREMIER PLUS LIMITED (REGISTERED NUMBER: 03493201)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued
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.

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.

Debtors
Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. 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.

Creditors
Short term trade creditors are initially measured at transaction price less attributable costs. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 21 ) .

PREMIER PLUS LIMITED (REGISTERED NUMBER: 03493201)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 13,174 191,552 63,245 224,476 492,447
Additions - 5,910 - 14,059 19,969
At 30 April 2024 13,174 197,462 63,245 238,535 512,416
DEPRECIATION
At 1 May 2023 - 128,845 29,287 173,059 331,191
Charge for year - 17,016 11,206 16,369 44,591
At 30 April 2024 - 145,861 40,493 189,428 375,782
NET BOOK VALUE
At 30 April 2024 13,174 51,601 22,752 49,107 136,634
At 30 April 2023 13,174 62,707 33,958 51,417 161,256

5. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 96,326 40,750 137,076
Additions 715 - 715
Revaluations 3,151 - 3,151
At 30 April 2024 100,192 40,750 140,942
NET BOOK VALUE
At 30 April 2024 100,192 40,750 140,942
At 30 April 2023 96,326 40,750 137,076

Cost or valuation at 30 April 2024 is represented by:

Listed Unlisted
investments investments Totals
£    £    £   
Valuation in 2021 1,150 - 1,150
Valuation in 2023 5,482 - 5,482
Valuation in 2024 3,867 - 3,867
Cost 89,693 40,750 130,443
100,192 40,750 140,942

PREMIER PLUS LIMITED (REGISTERED NUMBER: 03493201)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 93,000 93,000
Staff loans 25,322 25,123
Other loans 509,188 172,806
Directors' current accounts - 20,067
Prepayments and accrued income 50,912 78,638
678,422 389,634

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,927 -
Trade creditors 8,339 9,016
Corporation tax 117,985 79,105
Social security and other taxes 9,687 (2,598 )
Other creditors 2,609 3,464
Provision for clawbacks 48,804 48,804
197,351 137,791

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 33,209 28,572

Deferred
tax
£   
Balance at 1 May 2023 28,572
Provided during year 4,637
Accelerated capital allowances
Balance at 30 April 2024 33,209

9. RESERVES
Retained
earnings
£   

At 1 May 2023 1,062,991
Profit for the year 325,258
Dividends (263,554 )
At 30 April 2024 1,124,695

PREMIER PLUS LIMITED (REGISTERED NUMBER: 03493201)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
K V Hull
Balance outstanding at start of year 20,067 -
Amounts advanced - 20,067
Amounts repaid (20,067 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,067

11. ULTIMATE CONTROLLING PARTY

The controlling party is K V Hull.