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REGISTERED NUMBER: SC349897 (Scotland)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 OCTOBER 2023

FOR

PREMIER EXECUTIVE (SCOTLAND) TRAVEL
LIMITED

PREMIER EXECUTIVE (SCOTLAND) TRAVEL
LIMITED (REGISTERED NUMBER: SC349897)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 October 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


PREMIER EXECUTIVE (SCOTLAND) TRAVEL
LIMITED (REGISTERED NUMBER: SC349897)

ABRIDGED BALANCE SHEET
28 October 2023

28.10.23 28.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 20,000
Tangible assets 5 87,273 87,273
107,273 107,273

CURRENT ASSETS
Debtors 90,819 90,819
Cash at bank and in hand 1,131 1,131
91,950 91,950
CREDITORS
Amounts falling due within one year 201,441 201,441
NET CURRENT LIABILITIES (109,491 ) (109,491 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,218

)

(2,218

)

CREDITORS
Amounts falling due after more than one
year

(46,197

)

(46,197

)

PROVISIONS FOR LIABILITIES (4,232 ) (4,232 )
NET LIABILITIES (52,647 ) (52,647 )

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 129,900 129,900
Retained earnings (182,747 ) (182,747 )
(52,647 ) (52,647 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 October 2023 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 EXECUTIVE (SCOTLAND) TRAVEL
LIMITED (REGISTERED NUMBER: SC349897)

ABRIDGED BALANCE SHEET - continued
28 October 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 August 2024 and were signed on its behalf by:





Mr Bramley Joseph Eccles - Director


PREMIER EXECUTIVE (SCOTLAND) TRAVEL
LIMITED (REGISTERED NUMBER: SC349897)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 October 2023

1. STATUTORY INFORMATION

Premier Executive (Scotland) Travel Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC349897

Registered office: 22 Backbrae Street
Kilsyth
G65 0NH

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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

PREMIER EXECUTIVE (SCOTLAND) TRAVEL
LIMITED (REGISTERED NUMBER: SC349897)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 29 October 2022
and 28 October 2023 20,000
NET BOOK VALUE

At 28 October 2023 20,000
At 28 October 2022 20,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 29 October 2022
and 28 October 2023 340,668
DEPRECIATION
At 29 October 2022
and 28 October 2023 253,395
NET BOOK VALUE
At 28 October 2023 87,273
At 28 October 2022 87,273

6. RELATED PARTY DISCLOSURES

The directors of Premier Executive (Scotland) Travel Ltd are also directors of Premier Management (Alloa) Ltd, ABC Blinds & Curtains Ltd and Alva Motor Factors Ltd.

Amounts due from the above companies to Premier Executive (Scotland) Travel Ltd at the balance sheet date: £80,181 (2021: £59,695).

7. ULTIMATE CONTROLLING PARTY

The company is both owned and controlled by the directors.