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REGISTERED NUMBER: 10410478 (England and Wales)













Premier Power Ltd

Unaudited Financial Statements

for the period

1 November 2022 to 30 October 2023






Premier Power Ltd (Registered number: 10410478)






Contents of the Financial Statements
for the period 1 November 2022 to 30 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Power Ltd

Company Information
for the period 1 November 2022 to 30 October 2023







DIRECTOR: N Marsh





REGISTERED OFFICE: 9 Cricklewood Drive
Tunstall
Stoke on Trent
Staffordshire
ST6 5SA





REGISTERED NUMBER: 10410478 (England and Wales)





ACCOUNTANTS: Slaters & Co Accountants
Lymore Villa
162a London Road
Chesterton
Newcastle
Staffordshire
ST5 7JB

Premier Power Ltd (Registered number: 10410478)

Balance Sheet
30 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,813 6,221

CURRENT ASSETS
Debtors 5 8,817 26,575
Cash at bank 1,559 1,906
10,376 28,481
CREDITORS
Amounts falling due within one year 6 10,670 17,046
NET CURRENT (LIABILITIES)/ASSETS (294 ) 11,435
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,519

17,656

CREDITORS
Amounts falling due after more than one
year

7

(12,019

)

(16,353

)

PROVISIONS FOR LIABILITIES (914 ) (1,182 )
NET (LIABILITIES)/ASSETS (8,414 ) 121

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,514 ) 21
SHAREHOLDERS' FUNDS (8,414 ) 121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 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 Power Ltd (Registered number: 10410478)

Balance Sheet - continued
30 October 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 29 October 2024 and were signed by:





N Marsh - Director


Premier Power Ltd (Registered number: 10410478)

Notes to the Financial Statements
for the period 1 November 2022 to 30 October 2023

1. STATUTORY INFORMATION

Premier Power Ltd 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.

After making enquiries, and given the impact of Coronavirus on the economy, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of approval of these accounts. The financial statements have therefore been prepared on a going concern basis.

Turnover
Turnover represents net invoice value of services provided, excluding value added tax.

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
Fixtures and fittings - 15% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2022
and 30 October 2023 11,271 2,638 13,909
DEPRECIATION
At 1 November 2022 6,516 1,172 7,688
Charge for period 1,188 220 1,408
At 30 October 2023 7,704 1,392 9,096
NET BOOK VALUE
At 30 October 2023 3,567 1,246 4,813
At 31 October 2022 4,755 1,466 6,221

Premier Power Ltd (Registered number: 10410478)

Notes to the Financial Statements - continued
for the period 1 November 2022 to 30 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,298 5,513
Other debtors 6,519 21,062
8,817 26,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,610 2,610
Hire purchase contracts 2,114 2,818
Taxation and social security 4,317 8,583
Other creditors 1,629 3,035
10,670 17,046

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,019 14,239
Hire purchase contracts - 2,114
12,019 16,353

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director had a loan from the company of £nil (2022 - £6,680), this is shown in other debtors. This loan was repaid on 31st December 2022.