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REGISTERED NUMBER: 02308360 (England and Wales)



















Financial Statements

for the Year Ended 31 January 2024

for

Premier Aerospace Limited

Premier Aerospace Limited (Registered number: 02308360)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Premier Aerospace Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R E Fletcher
R H Fletcher





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 02308360 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Premier Aerospace Limited (Registered number: 02308360)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,123 22,654

CURRENT ASSETS
Debtors 5 80,326 189,837
Cash at bank 191,577 137,322
271,903 327,159
CREDITORS
Amounts falling due within one year 6 139,444 194,621
NET CURRENT ASSETS 132,459 132,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,582

155,192

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 149,582 154,192
SHAREHOLDERS' FUNDS 150,582 155,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





R E Fletcher - Director


Premier Aerospace Limited (Registered number: 02308360)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Premier Aerospace 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 represents net invoiced sales of services and rents receivable, excluding value added tax. Turnover is recognised in the period to which the services and rents relate.

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 - 20% on reducing balance
Fixtures and fittings - 20% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 480,310 24,864 505,174
DEPRECIATION
At 1 February 2023 457,656 24,864 482,520
Charge for year 4,531 - 4,531
At 31 January 2024 462,187 24,864 487,051
NET BOOK VALUE
At 31 January 2024 18,123 - 18,123
At 31 January 2023 22,654 - 22,654

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,326 180,798
Other debtors - 3,997
Amounts owed by related parties 50,000 -
Tax - 5,042
80,326 189,837

Premier Aerospace Limited (Registered number: 02308360)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 118,661 191,158
Tax - 1,873
Social security and other taxes 19,083 -
Accrued expenses 1,700 1,590
139,444 194,621