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Company Registration No. 11777067 (England and Wales)
Premier Resin Drives .co.uk Ltd Unaudited accounts for the year ended 31 January 2024
Premier Resin Drives .co.uk Ltd Unaudited accounts Contents
Page
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Premier Resin Drives .co.uk Ltd Company Information for the year ended 31 January 2024
Directors
Paul Howard Thomas Jennifer Michelle Thomas
Company Number
11777067 (England and Wales)
Registered Office
67 Jubilee Crescent Bridgend Mid Glamorgan CF31 3AY Wales
Accountants
Capital Accountancy (South Wales) Ltd 9 Dunraven Street Aberkenfig Bridgend CF32 9AS
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Premier Resin Drives .co.uk Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,665 
28,003 
Current assets
Debtors
44,321 
33,141 
Cash at bank and in hand
205,058 
132,077 
249,379 
165,218 
Creditors: amounts falling due within one year
(46,192)
(9,855)
Net current assets
203,187 
155,363 
Total assets less current liabilities
222,852 
183,366 
Creditors: amounts falling due after more than one year
27,968 
(7,989)
Net assets
250,820 
175,377 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
250,720 
175,277 
Shareholders' funds
250,820 
175,377 
For the year ending 31 January 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 16 September 2024 and were signed on its behalf by
Paul Howard Thomas Director Company Registration No. 11777067
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Premier Resin Drives .co.uk Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Premier Resin Drives .co.uk Ltd is a private company, limited by shares, registered in England and Wales, registration number 11777067. The registered office is 67 Jubilee Crescent, Bridgend, Mid Glamorgan, CF31 3AY, Wales.
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
20%
Motor vehicles
25%
Fixtures & fittings
20%
Computer equipment
25%
Other tangible fixed assets
20%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2023
37,340 
At 31 January 2024
37,340 
Depreciation
At 1 February 2023
9,337 
Charge for the year
8,338 
At 31 January 2024
17,675 
Net book value
At 31 January 2024
19,665 
At 31 January 2023
28,003 
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Premier Resin Drives .co.uk Ltd Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
(8,567)
- 
Amounts falling due after more than one year
Trade debtors
52,888 
33,141 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
21,257 
1,325 
Taxes and social security
24,144 
16,595 
Proposed dividends
1,000 
- 
Accruals
(209)
(8,065)
46,192 
9,855 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
12,032 
17,167 
Taxes and social security
- 
(9,178)
Loans from directors
(40,000)
- 
(27,968)
7,989 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Paul Howard Thomas
Loan
40,000 
- 
- 
40,000 
40,000 
- 
- 
40,000 
£40,000 loan to company in 2019
10
Average number of employees
During the year the average number of employees was 5 (2023: 0).
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