PREMIER HEALTHCARE (NI) LTD

Company Registration Number:
NI040233 (Northern Ireland)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

PREMIER HEALTHCARE (NI) LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

PREMIER HEALTHCARE (NI) LTD

Company Information

for the Period Ended 31 December 2023




Registered office: Unit 9
Steeple Road Industrial Estate
Antrim
GB-NIR
BT41 1AB
Company Registration Number: NI040233 (Northern Ireland)

PREMIER HEALTHCARE (NI) LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 223,229 192,146
Total fixed assets: 223,229 192,146
Current assets
Stocks: 108,131 125,402
Debtors: 5 142,619 259,787
Cash at bank and in hand: 401,088 327,419
Total current assets: 651,838 712,608
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 246,794 ) ( 338,810 )
Net current assets (liabilities): 405,044 373,798
Total assets less current liabilities: 628,273 565,944
Provision for liabilities: ( 2,646 ) ( 2,646 )
Total net assets (liabilities): 625,627 563,298

The notes form part of these financial statements

PREMIER HEALTHCARE (NI) LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 625,527 563,198
Shareholders funds: 625,627 563,298

For the year ending 31 December 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 26 September 2024
And Signed On Behalf Of The Board By:

Name: Ronnie McPartland
Status: Director

The notes form part of these financial statements

PREMIER HEALTHCARE (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets
    Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
    Cost includes prime cost, overheads and interest incurred in financing the construction of tangible fixed assets. Capitalisation of interest ceases when the asset is brought into use.
    Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
    An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in the Statement of Income and
    Retained Earnings. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in the Statement of Income and Retained Earnings.

    Depreciation
    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
    Depreciation is provided on the following basis:
    Plant and machinery - 33.33%
    Tools and equipment - 50%
    Office equipment - 20% and 50%
    Computer equipment - 33.33%
    Motor vehicles - 20%
    If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

PREMIER HEALTHCARE (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 6 6

PREMIER HEALTHCARE (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

PREMIER HEALTHCARE (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £
At 01 January 2023 177,282 25,626 6,839 123,428 333,175
Additions - 755 1,341 54,118 56,214
Disposals - - - ( 18,327 ) ( 18,327 )
Revaluations - - - - -
Transfers - - - - -
At 31 December 2023 177,282 26,381 8,180 159,219 371,062
Depreciation
At 01 January 2023 3,624 23,975 5,622 107,808 141,029
Charge for year 3,624 1,994 1,103 18,410 25,131
On disposals - - - ( 18,327 ) ( 18,327 )
Other adjustments - - - - -
At 31 December 2023 7,248 25,969 6,725 107,891 147,833
Net book value
At 31 December 2023 170,034 412 1,455 51,328 223,229
At 31 December 2022 173,658 1,651 1,217 15,620 192,146

PREMIER HEALTHCARE (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors


2023
£

2022
£
Trade debtors 123,766 245,088
Prepayments and accrued income 13,070 10,038
Other debtors 5,783 4,661
Total 142,619 259,787

PREMIER HEALTHCARE (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 66,830 112,984
Taxation and social security 43,633 55,853
Accruals and deferred income 94,349 103,685
Other creditors 41,982 66,288
Total 246,794 338,810