Acorah Software Products - Accounts Production 15.0.600 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 09739983 Mr M P Edwards Mark Edwards true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09739983 2023-08-31 09739983 2024-08-31 09739983 2023-09-01 2024-08-31 09739983 frs-core:CurrentFinancialInstruments 2024-08-31 09739983 frs-core:Non-currentFinancialInstruments 2024-08-31 09739983 frs-core:FurnitureFittings 2024-08-31 09739983 frs-core:FurnitureFittings 2023-09-01 2024-08-31 09739983 frs-core:FurnitureFittings 2023-08-31 09739983 frs-core:OtherReservesSubtotal 2024-08-31 09739983 frs-core:ShareCapital 2024-08-31 09739983 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 09739983 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09739983 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 09739983 frs-bus:SmallEntities 2023-09-01 2024-08-31 09739983 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09739983 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 09739983 1 2023-09-01 2024-08-31 09739983 frs-bus:Director1 2023-09-01 2024-08-31 09739983 frs-countries:EnglandWales 2023-09-01 2024-08-31 09739983 2022-08-31 09739983 2023-08-31 09739983 2022-09-01 2023-08-31 09739983 frs-core:CurrentFinancialInstruments 2023-08-31 09739983 frs-core:Non-currentFinancialInstruments 2023-08-31 09739983 frs-core:OtherReservesSubtotal 2023-08-31 09739983 frs-core:ShareCapital 2023-08-31 09739983 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 09739983
1st Premier Finance Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2024
3NT Ltd
38 Arden Road
Desborough
Kettering
Northants
NN14 2WJ
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the director on the preparation of the unaudited statutory accounts of 1st Premier Finance Ltd for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of 1st Premier Finance Ltd for the year ended 31 August 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the director of 1st Premier Finance Ltd , as a body, in accordance with the terms of our engagement letter dated 05 October 2016. Our work has been undertaken solely to prepare for your approval the accounts of 1st Premier Finance Ltd and state those matters that we have agreed to state to the director of 1st Premier Finance Ltd , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 1st Premier Finance Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that 1st Premier Finance Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of 1st Premier Finance Ltd . You consider that 1st Premier Finance Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of 1st Premier Finance Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Laurence Denton
06/09/2024
3NT Ltd
38 Arden Road
Desborough
Kettering
Northants
NN14 2WJ
Page 1
Page 2
Balance Sheet
Registered number: 09739983
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 393 524
393 524
CURRENT ASSETS
Debtors 5 3,500 2,270
Cash at bank and in hand 66,149 54,904
69,649 57,174
Creditors: Amounts Falling Due Within One Year 6 (19,883 ) (18,651 )
NET CURRENT ASSETS (LIABILITIES) 49,766 38,523
TOTAL ASSETS LESS CURRENT LIABILITIES 50,159 39,047
Creditors: Amounts Falling Due After More Than One Year 7 (6,834 ) (15,038 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (75 ) (100 )
NET ASSETS 43,250 23,909
CAPITAL AND RESERVES
Called up share capital 9 2 2
Other reserves 5,000 5,000
Profit and Loss Account 38,248 18,907
SHAREHOLDERS' FUNDS 43,250 23,909
Page 2
Page 3
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr M P Edwards
Director
06/09/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
1st Premier Finance Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09739983 . The registered office is 1 Orchard Close, Milton Malsor, Northampton, Northants, NN7 3AY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
2.4. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2023 1,723
As at 31 August 2024 1,723
Depreciation
As at 1 September 2023 1,199
Provided during the period 131
As at 31 August 2024 1,330
Net Book Value
As at 31 August 2024 393
As at 1 September 2023 524
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 3,500 2,270
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 798
Bank loans and overdrafts 8,200 8,200
Corporation tax 10,551 9,361
Accruals and deferred income 429 268
Director's loan account 703 24
19,883 18,651
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 6,834 15,038
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 75 100
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr M P Edwards 12,000 10,550
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 24,000 21,100
12. Ultimate Controlling Party
The company's ultimate controlling party is Mark Edwards by virtue of his ownership of 100% of the voting share capital in the company.
Page 5