0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 41,000 11,395 29,605 29,605 xbrli:pure xbrli:shares iso4217:GBP 07871746 2022-12-01 2023-11-30 07871746 2023-11-30 07871746 2022-11-30 07871746 2021-12-01 2022-11-30 07871746 2022-11-30 07871746 2021-11-30 07871746 core:NetGoodwill 2022-12-01 2023-11-30 07871746 core:FurnitureFittings 2022-12-01 2023-11-30 07871746 core:MotorVehicles 2022-12-01 2023-11-30 07871746 bus:Director1 2022-12-01 2023-11-30 07871746 core:NetGoodwill 2023-11-30 07871746 core:LandBuildings 2023-11-30 07871746 core:FurnitureFittings 2023-11-30 07871746 core:MotorVehicles 2023-11-30 07871746 core:WithinOneYear 2023-11-30 07871746 core:WithinOneYear 2022-11-30 07871746 core:AfterOneYear 2023-11-30 07871746 core:AfterOneYear 2022-11-30 07871746 core:ShareCapital 2023-11-30 07871746 core:ShareCapital 2022-11-30 07871746 core:RetainedEarningsAccumulatedLosses 2023-11-30 07871746 core:RetainedEarningsAccumulatedLosses 2022-11-30 07871746 core:NetGoodwill 2022-11-30 07871746 core:LandBuildings 2022-11-30 07871746 core:FurnitureFittings 2022-11-30 07871746 core:MotorVehicles 2022-11-30 07871746 bus:SmallEntities 2022-12-01 2023-11-30 07871746 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07871746 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07871746 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07871746 bus:FullAccounts 2022-12-01 2023-11-30 07871746 core:LandBuildings core:LongLeaseholdAssets 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 07871746
Premier Food & Wine (UK) Limited
Filleted Unaudited Financial Statements
30 November 2023
Premier Food & Wine (UK) Limited
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
4
29,605
29,605
Tangible assets
5
17,777
17,777
--------
--------
47,382
47,382
Current assets
Debtors
6
3,645
3,645
Cash at bank and in hand
4,716
4,716
-------
-------
8,361
8,361
Creditors: amounts falling due within one year
7
6,689
6,689
-------
-------
Net current assets
1,672
1,672
--------
--------
Total assets less current liabilities
49,054
49,054
Creditors: amounts falling due after more than one year
8
41,428
41,428
--------
--------
Net assets
7,626
7,626
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
7,526
7,526
-------
-------
Shareholders funds
7,626
7,626
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Premier Food & Wine (UK) Limited
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 21 June 2024 , and are signed on behalf of the board by:
Mr M S Khaneja
Director
Company registration number: 07871746
Premier Food & Wine (UK) Limited
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
4% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
Over the term of loan
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
4. Intangible assets
Goodwill
£
Cost
At 1 December 2022 and 30 November 2023
41,000
--------
Amortisation
At 1 December 2022 and 30 November 2023
11,395
--------
Carrying amount
At 30 November 2023
29,605
--------
At 30 November 2022
29,605
--------
5. Tangible assets
Land and buildings
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 December 2022 and 30 November 2023
3,342
19,946
14,000
37,288
-------
--------
--------
--------
Depreciation
At 1 December 2022 and 30 November 2023
1,548
11,131
6,832
19,511
-------
--------
--------
--------
Carrying amount
At 30 November 2023
1,794
8,815
7,168
17,777
-------
--------
--------
--------
At 30 November 2022
1,794
8,815
7,168
17,777
-------
--------
--------
--------
6. Debtors
2023
2022
£
£
Other debtors
3,645
3,645
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Social security and other taxes
70
70
Other creditors
6,619
6,619
-------
-------
6,689
6,689
-------
-------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
41,428
41,428
--------
--------