IRIS Accounts Production v24.2.0.383 03327141 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 226 5654 72983 71554 67875 66126 4882 226 Ordinary 1.00000 226 5654 72983 71554 67875 66126 4882 226 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033271412023-03-31033271412024-03-31033271412023-04-012024-03-31033271412022-03-31033271412022-04-012023-03-31033271412023-03-3103327141ns15:EnglandWales2023-04-012024-03-3103327141ns14:PoundSterling2023-04-012024-03-3103327141ns10:Director12023-04-012024-03-3103327141ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103327141ns10:SmallEntities2023-04-012024-03-3103327141ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103327141ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103327141ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103327141ns10:FullAccounts2023-04-012024-03-3103327141ns10:OrdinaryShareClass12023-04-012024-03-310332714144ns10:Director42023-03-310332714144ns10:Director42022-03-310332714144ns10:Director42023-04-012024-03-310332714144ns10:Director42022-04-012023-03-310332714144ns10:Director42024-03-310332714144ns10:Director42023-03-3103327141ns10:Director22023-04-012024-03-3103327141ns10:Director32023-04-012024-03-3103327141ns10:Director42023-04-012024-03-3103327141ns10:CompanySecretary12023-04-012024-03-3103327141ns10:RegisteredOffice2023-04-012024-03-3103327141ns5:CurrentFinancialInstruments2024-03-3103327141ns5:CurrentFinancialInstruments2023-03-3103327141ns5:Non-currentFinancialInstruments2024-03-3103327141ns5:Non-currentFinancialInstruments2023-03-3103327141ns5:ShareCapital2024-03-3103327141ns5:ShareCapital2023-03-3103327141ns5:RetainedEarningsAccumulatedLosses2024-03-3103327141ns5:RetainedEarningsAccumulatedLosses2023-03-3103327141ns5:PlantMachinery2023-04-012024-03-3103327141ns5:FurnitureFittings2023-04-012024-03-3103327141ns5:MotorVehicles2023-04-012024-03-3103327141ns5:ComputerEquipment2023-04-012024-03-3103327141ns5:PlantMachinery2023-03-3103327141ns5:FurnitureFittings2023-03-3103327141ns5:MotorVehicles2023-03-3103327141ns5:ComputerEquipment2023-03-3103327141ns5:PlantMachinery2024-03-3103327141ns5:FurnitureFittings2024-03-3103327141ns5:MotorVehicles2024-03-3103327141ns5:ComputerEquipment2024-03-3103327141ns5:PlantMachinery2023-03-3103327141ns5:FurnitureFittings2023-03-3103327141ns5:MotorVehicles2023-03-3103327141ns5:ComputerEquipment2023-03-3103327141ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3103327141ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103327141ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103327141ns5:Secured2024-03-3103327141ns5:Secured2023-03-3103327141ns10:OrdinaryShareClass12024-03-3103327141ns5:RetainedEarningsAccumulatedLosses2023-03-3103327141ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31033271411ns10:Director12023-03-31033271411ns10:Director12022-03-31033271411ns10:Director12023-04-012024-03-31033271411ns10:Director12022-04-012023-03-31033271411ns10:Director12024-03-31033271411ns10:Director12023-03-31
REGISTERED NUMBER: 03327141 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

PREMIER FRUITS LIMITED

PREMIER FRUITS LIMITED (REGISTERED NUMBER: 03327141)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER FRUITS LIMITED

Company Information
for the Year Ended 31 March 2024







Directors: I Bentley
D J Bentley
P J Bennett
C A Bentley





Secretary: D J Bentley





Registered office: 85 Worsley Road
Farnworth
Bolton
Lancashire
BL4 9LU





Registered number: 03327141 (England and Wales)





Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

PREMIER FRUITS LIMITED (REGISTERED NUMBER: 03327141)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 80,633 90,008

Current assets
Stocks 40,319 29,853
Debtors 6 204,444 128,441
Cash at bank 283 4,767
245,046 163,061
Creditors
Amounts falling due within one year 7 252,388 148,146
Net current (liabilities)/assets (7,342 ) 14,915
Total assets less current liabilities 73,291 104,923

Creditors
Amounts falling due after more than one
year

8

(57,031

)

(87,026

)

Provisions for liabilities (13,027 ) (14,662 )
Net assets 3,233 3,235

Capital and reserves
Called up share capital 10 2 2
Retained earnings 11 3,231 3,233
Shareholders' funds 3,233 3,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 FRUITS LIMITED (REGISTERED NUMBER: 03327141)

Balance Sheet - continued
31 March 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 Profit and Loss Account 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:





I Bentley - Director


PREMIER FRUITS LIMITED (REGISTERED NUMBER: 03327141)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. Statutory information

Premier Fruits 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% straight line
Motor vehicles - 20% straight line
Computer equipment - 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 FRUITS LIMITED (REGISTERED NUMBER: 03327141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


3. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 receivable and creditors payable
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Profit and Loss Account in administrative expenses.

4. Employees and directors

The average number of employees during the year was 15 (2023 - 16 ) .

5. Tangible fixed assets
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 April 2023 281,860 17,250 76,487 950 376,547
Additions 10,784 - - - 10,784
At 31 March 2024 292,644 17,250 76,487 950 387,331
Depreciation
At 1 April 2023 237,403 6,210 42,280 646 286,539
Charge for year 11,048 2,208 6,842 61 20,159
At 31 March 2024 248,451 8,418 49,122 707 306,698
Net book value
At 31 March 2024 44,193 8,832 27,365 243 80,633
At 31 March 2023 44,457 11,040 34,207 304 90,008

Included within fixed assets are assets held under hire purchase or lease purchase agreements. The cost of these assets is £22,042 (2023 - £22,042) with depreciation to date of £16,625 (2023 - £15,270).

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 184,132 121,849
Other debtors 20,312 6,592
204,444 128,441

PREMIER FRUITS LIMITED (REGISTERED NUMBER: 03327141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 36,948 35,245
Trade creditors 194,273 102,423
Taxation and social security 16,153 5,929
Other creditors 5,014 4,549
252,388 148,146

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 57,031 87,026

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 3,943 -
Bank loans 90,036 122,271
93,979 122,271

The company's bankers hold a fixed and floating charge over all the assets of the company as security for the loans. Assets held under finance lease or hire purchase contracts are secured on the assets concerned.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. Reserves
Retained
earnings
£   

At 1 April 2023 3,233
Profit for the year 17,998
Dividends (18,000 )
At 31 March 2024 3,231

PREMIER FRUITS LIMITED (REGISTERED NUMBER: 03327141)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
I Bentley and C A Bentley
Balance outstanding at start of year (226 ) (5,654 )
Amounts advanced 72,983 71,554
Amounts repaid (67,875 ) (66,126 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,882 (226 )

The advance to the directors are interest free and repayable on demand.