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Company Registration No. 11798605 (England and Wales)
PREMIER TRADING SERVICES LTD Unaudited accounts for the year ended 29 February 2024
PREMIER TRADING SERVICES LTD Unaudited accounts Contents
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PREMIER TRADING SERVICES LTD Company Information for the year ended 29 February 2024
Directors
MUJTABA, Ghulam KHAN, Nadia
Company Number
11798605 (England and Wales)
Registered Office
83 NASH ROAD NEWPORT NP19 4NJ UNITED KINGDOM
Accountants
XEN ACCOUNTANTS LTD 102 A COMMERCIAL STREET NEWPORT NP20 1LU
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PREMIER TRADING SERVICES LTD Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
45,634 
Current assets
Inventories
35,625 
Debtors
100 
Cash at bank and in hand
4,534 
40,259 
Creditors: amounts falling due within one year
(15,213)
Net current assets
25,046 
Total assets less current liabilities
70,680 
Creditors: amounts falling due after more than one year
(43,943)
Net assets
26,737 
Capital and reserves
Called up share capital
100 
Profit and loss account
26,637 
Shareholders' funds
26,737 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by
MUJTABA, Ghulam Director Company Registration No. 11798605
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PREMIER TRADING SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
PREMIER TRADING SERVICES LTD is a private company, limited by shares, registered in England and Wales, registration number 11798605. The registered office is 83 NASH ROAD, NEWPORT, NP19 4NJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
20,000 
45,000 
- 
65,000 
Additions
1,950 
- 
662 
2,612 
At 29 February 2024
21,950 
45,000 
662 
67,612 
Depreciation
At 1 March 2023
6,000 
8,020 
- 
14,020 
Charge for the year
3,293 
4,500 
165 
7,958 
At 29 February 2024
9,293 
12,520 
165 
21,978 
Net book value
At 29 February 2024
12,657 
32,480 
497 
45,634 
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PREMIER TRADING SERVICES LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
£ 
Amounts falling due after more than one year
Other debtors
100 
6
Creditors: amounts falling due within one year
2024 
£ 
VAT
1,095 
Trade creditors
11,057 
Taxes and social security
1,057 
Accruals
2,004 
15,213 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
43,943 
8
Average number of employees
During the year the average number of employees was 3.
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