Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.1413false2023-07-01falseNo description of principal activitytruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07720880 2023-07-01 2024-06-30 07720880 2022-07-01 2023-06-30 07720880 2024-06-30 07720880 2023-06-30 07720880 c:Director1 2023-07-01 2024-06-30 07720880 c:Director2 2023-07-01 2024-06-30 07720880 c:RegisteredOffice 2023-07-01 2024-06-30 07720880 d:FurnitureFittings 2023-07-01 2024-06-30 07720880 d:FurnitureFittings 2024-06-30 07720880 d:FurnitureFittings 2023-06-30 07720880 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07720880 d:OfficeEquipment 2023-07-01 2024-06-30 07720880 d:OfficeEquipment 2024-06-30 07720880 d:OfficeEquipment 2023-06-30 07720880 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07720880 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07720880 d:CurrentFinancialInstruments 2024-06-30 07720880 d:CurrentFinancialInstruments 2023-06-30 07720880 d:Non-currentFinancialInstruments 2024-06-30 07720880 d:Non-currentFinancialInstruments 2023-06-30 07720880 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07720880 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07720880 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07720880 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07720880 d:ShareCapital 2024-06-30 07720880 d:ShareCapital 2023-06-30 07720880 d:OtherMiscellaneousReserve 2023-07-01 2024-06-30 07720880 d:OtherMiscellaneousReserve 2024-06-30 07720880 d:OtherMiscellaneousReserve 2023-06-30 07720880 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 07720880 d:RetainedEarningsAccumulatedLosses 2024-06-30 07720880 d:RetainedEarningsAccumulatedLosses 2023-06-30 07720880 c:OrdinaryShareClass1 2023-07-01 2024-06-30 07720880 c:OrdinaryShareClass1 2024-06-30 07720880 c:OrdinaryShareClass2 2023-07-01 2024-06-30 07720880 c:OrdinaryShareClass2 2024-06-30 07720880 c:FRS102 2023-07-01 2024-06-30 07720880 c:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07720880 c:FullAccounts 2023-07-01 2024-06-30 07720880 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07720880 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-07-01 2024-06-30 07720880 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-06-30 07720880 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-06-30 07720880 2 2023-07-01 2024-06-30 07720880 6 2023-07-01 2024-06-30 07720880 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 07720880 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 07720880 d:OtherDeferredTax 2024-06-30 07720880 d:OtherDeferredTax 2023-06-30 07720880 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07720880









PREMIER RESOURCING (UK) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
PREMIER RESOURCING (UK) LIMITED
 
 
COMPANY INFORMATION


Directors
L C Jervis 
D Jervis 




Registered number
07720880



Registered office
85 Tottenham Court Road

London

W1T 4TQ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
PREMIER RESOURCING (UK) LIMITED
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 10


 
PREMIER RESOURCING (UK) LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PREMIER RESOURCING (UK) LIMITED
FOR THE YEAR ENDED 30 JUNE 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Premier Resourcing (UK) Limited for the year ended 30 June 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of directors of Premier Resourcing (UK) Limited, as a body, in accordance with the terms of our engagement letter dated 15 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of Premier Resourcing (UK) Limited and state those matters that we have agreed to state to the Board of directors of Premier Resourcing (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premier Resourcing (UK) Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Premier Resourcing (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Premier Resourcing (UK) Limited. You consider that Premier Resourcing (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Premier Resourcing (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

7 October 2024
Page 1

 
PREMIER RESOURCING (UK) LIMITED
REGISTERED NUMBER: 07720880

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,989
20,797

Investments
 5 
8,601
55,901

  
24,590
76,698

Current assets
  

Debtors: amounts falling due within one year
 6 
714,017
658,322

Cash at bank and in hand
  
207,791
241,175

  
921,808
899,497

Creditors: amounts falling due within one year
 7 
(193,014)
(193,685)

Net current assets
  
 
 
728,794
 
 
705,812

Total assets less current liabilities
  
753,384
782,510

Creditors: amounts falling due after more than one year
 8 
(80,621)
(33,229)

Provisions for liabilities
  

Deferred tax
 9 
(3,866)
(4,243)

Net assets
  
668,897
745,038


Capital and reserves
  

Called up share capital 
 10 
100
100

Fair value reserve
 11 
968
(5,643)

Profit and loss account
 11 
667,829
750,581

  
668,897
745,038


Page 2

 
PREMIER RESOURCING (UK) LIMITED
REGISTERED NUMBER: 07720880
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 October 2024.






L C Jervis
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
PREMIER RESOURCING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Premier Resourcing Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is 48 Charlotte Street, London, W1T 2NS.
The Company's principal activity is that of recruitment consultancy services and the Company's principal places of activity are London and Cambridge.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered a period of twelve months from the date of approval of the financial statements. They consider that projected income together with current cash reserves will be more than adequate for the company's needs. As such they believe that the financial statements should be prepared on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 4

 
PREMIER RESOURCING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 5

 
PREMIER RESOURCING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using both the straight line method and reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
PREMIER RESOURCING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 14).


4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 July 2023
19,095
22,775
41,870


Additions
-
2,233
2,233


Disposals
(125)
-
(125)



At 30 June 2024

18,970
25,008
43,978



Depreciation


At 1 July 2023
6,494
14,578
21,072


Charge for the year on owned assets
2,495
4,422
6,917



At 30 June 2024

8,989
19,000
27,989



Net book value



At 30 June 2024
9,981
6,008
15,989



At 30 June 2023
12,600
8,197
20,797

Page 7

 
PREMIER RESOURCING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Fixed asset investments





Listed investments
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 July 2023
51,363
4,538
55,901


Disposals
(51,363)
-
(51,363)


Revaluations
-
4,063
4,063



At 30 June 2024
-
8,601
8,601





6.


Debtors

2024
2023
£
£


Trade debtors
90,728
71,345

Other debtors
622,257
586,558

Prepayments and accrued income
1,032
419

714,017
658,322



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
50,967
36,250

Trade creditors
49,140
20,058

Corporation tax
35,766
61,556

Other taxation and social security
48,022
57,098

Other creditors
6,274
13,930

Accruals and deferred income
2,845
4,793

193,014
193,685


Page 8

 
PREMIER RESOURCING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
80,621
33,229

80,621
33,229



9.


Deferred taxation




2024


£






At beginning of year
(4,243)


Charged to profit or loss
377



At end of year
(3,866)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,542)
(5,200)

Revaluation of fixed asset investments
(324)
957

(3,866)
(4,243)


10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



95 A Ordinary shares of £1.00 each
95
95
5 B Ordinary shares of £1.00 each
5
5

100

100


Page 9

 
PREMIER RESOURCING (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Reserves

Fair value reserve

The fair value reserve represents the cumulative value of revaluations of the Company's listed and unlisted investments to fair value, net of deferred tax. The amounts debited or credited to this reserve are transfers from the profit and loss account. Deferred tax is provided for on these fair value adjustments at the standard rate of corporation tax applicable in the UK

Profit and loss account

The profit and loss account includes all current and prior period retained profits and losses.


12.Other financial commitments

At 30 June 2024, the Company had total financial commitments, guarantees and contingencies which are not included in the balance sheet amounting to £31,970.


13.


Transactions with directors

As at 1 July 2023, the Company owed the directors £10,875
During the year the Company made net expenses of £40,627 on behalf of the directors. 
As at 30 June 2024, the directors owed the Company 
£29,752. Interest has been charged at 2.25%. The loan is included within other debtors in note 6 to the financial statements.

 
Page 10