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REGISTERED NUMBER: 06965654 (England and Wales)

























Unaudited Financial Statements for the Year Ended 31 December 2023

for

Premier Lifting and Safety Limited

Premier Lifting and Safety Limited (Registered number: 06965654)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Lifting and Safety Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: L R Chandler





REGISTERED OFFICE: The Mews
Hounds Road
Chipping Sodbury
Bristol
S Gloucestershire
BS37 6EE





BUSINESS ADDRESS: Unit 11 Dean Court
Dean Road
Great Western Business Park
Yate
BS37 5NJ





REGISTERED NUMBER: 06965654 (England and Wales)





ACCOUNTANTS: Dolman's Chartered Accountants
The Mews
Hounds Road
Chipping Sodbury
Bristol
BS37 6EE

Premier Lifting and Safety Limited (Registered number: 06965654)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,123 2,388

CURRENT ASSETS
Stocks 12,797 13,297
Debtors 5 40,489 55,485
Cash at bank 16,146 44,532
69,432 113,314
CREDITORS
Amounts falling due within one year 6 51,072 87,085
NET CURRENT ASSETS 18,360 26,229
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,483

28,617

CREDITORS
Amounts falling due after more than one
year

7

(3,489

)

(5,455

)

PROVISIONS FOR LIABILITIES (403 ) (453 )
NET ASSETS 16,591 22,709

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 16,590 22,708
SHAREHOLDERS' FUNDS 16,591 22,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Lifting and Safety Limited (Registered number: 06965654)

Balance Sheet - continued
31 December 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 director and authorised for issue on 25 September 2024 and were signed by:





L R Chandler - Director


Premier Lifting and Safety Limited (Registered number: 06965654)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Premier Lifting and Safety 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. 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 10,632 4,000 5,051 19,683
Additions - - 541 541
At 31 December 2023 10,632 4,000 5,592 20,224
DEPRECIATION
At 1 January 2023 10,305 2,313 4,677 17,295
Charge for year 82 422 302 806
At 31 December 2023 10,387 2,735 4,979 18,101
NET BOOK VALUE
At 31 December 2023 245 1,265 613 2,123
At 31 December 2022 327 1,687 374 2,388

Premier Lifting and Safety Limited (Registered number: 06965654)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,289 54,285
Other debtors 1,200 1,200
40,489 55,485

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 41,923 75,180
Taxation and social security 3,396 5,151
Other creditors 3,753 4,754
51,072 87,085

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 3,489 5,455

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 7,800 -

9. OTHER FINANCIAL COMMITMENTS

Interest is payable on the bank loan at a rate of 2.5% per year from September 2021.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
L R Chandler
Balance outstanding at start of year (4 ) (30 )
Amounts advanced - 26
Amounts repaid (66 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (70 ) (4 )