2023-02-012024-01-312024-01-31false09976723PREMIUM MERCHANT SERVICES 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PREMIUM MERCHANT SERVICES LIMITED

Registered Number
09976723
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

PREMIUM MERCHANT SERVICES LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Mohammad Abdus Samad

Registered Address

Six Ways Business Centre
1 Guildford Street
Birmingham
B19 2HN

Place of Business


Registered Number

09976723 (England and Wales)
PREMIUM MERCHANT SERVICES LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets39111,138
9111,138
Current assets
Debtors742742
Cash at bank and on hand100100
842842
Creditors amounts falling due within one year(23,445)(18,863)
Net current assets (liabilities)(22,603)(18,021)
Total assets less current liabilities(21,692)(16,883)
Creditors amounts falling due after one year(35,028)(41,972)
Net assets(56,720)(58,855)
Capital and reserves
Called up share capital100100
Profit and loss account(56,820)(58,955)
Shareholders' funds(56,720)(58,855)
The financial statements were approved and authorised for issue by the Director on 7 October 2024, and are signed on its behalf by:
Mohammad Abdus Samad
Director
Registered Company No. 09976723
PREMIUM MERCHANT SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year01
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 February 232,223
At 31 January 242,223
Depreciation and impairment
At 01 February 231,085
Charge for year227
At 31 January 241,312
Net book value
At 31 January 24911
At 31 January 231,138