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REGISTERED NUMBER: 10474550 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 November 2023

for

Prem'S Solutions Ltd

Prem'S Solutions Ltd (Registered number: 10474550)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Prem'S Solutions Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Purushothaman Premchand
Lakshmi Premchand
Gautam Premchand
Umadevi Premchand





REGISTERED OFFICE: 8 Churchill Court
58 Station Road
North Harrow
Middlesex
HA2 7SA





REGISTERED NUMBER: 10474550 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Prem'S Solutions Ltd (Registered number: 10474550)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,323 5,011

CURRENT ASSETS
Debtors 5 878 51
Cash at bank and in hand 2,442 466
3,320 517
CREDITORS
Amounts falling due within one year 6 138,446 129,168
NET CURRENT LIABILITIES (135,126 ) (128,651 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(130,803

)

(123,640

)

PROVISIONS FOR LIABILITIES 821 952
NET LIABILITIES (131,624 ) (124,592 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (131,724 ) (124,692 )
SHAREHOLDERS' FUNDS (131,624 ) (124,592 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Prem'S Solutions Ltd (Registered number: 10474550)

Balance Sheet - continued
30 November 2023


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 23 August 2024 and were signed on its behalf by:




Gautam Premchand - Director Lakshmi Premchand - Director




Purushothaman Premchand - Director Umadevi Premchand - Director


Prem'S Solutions Ltd (Registered number: 10474550)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Prem'S Solutions Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

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

Prem'S Solutions Ltd (Registered number: 10474550)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 9,600
DEPRECIATION
At 1 December 2022 4,589
Charge for year 688
At 30 November 2023 5,277
NET BOOK VALUE
At 30 November 2023 4,323
At 30 November 2022 5,011

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 878 51

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts - 10,000
Taxation and social security 21,537 21,537
Other creditors 116,909 97,631
138,446 129,168