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REGISTERED NUMBER: 08668958 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Premium Poultry Limited

Premium Poultry Limited (Registered number: 08668958)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premium Poultry Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: A L Weaver
S Protheroe





REGISTERED OFFICE: Unit 9
Westmill Street
Stoke on Trent
Staffordshire
ST1 3EL





REGISTERED NUMBER: 08668958 (England and Wales)





ACCOUNTANTS: Gilligans Limited
Unit 4 Lymedale Business Centre
Hooters Hall Road
Lymedale Business Park
Newcastle under Lyme
Staffordshire
ST5 9QF

Premium Poultry Limited (Registered number: 08668958)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,100 20,200
Tangible assets 5 147,153 176,014
157,253 196,214

CURRENT ASSETS
Stocks 6,475 5,670
Debtors 6 263,409 297,230
Cash at bank and in hand 301,192 138,863
571,076 441,763
CREDITORS
Amounts falling due within one year 7 446,337 322,311
NET CURRENT ASSETS 124,739 119,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,992

315,666

CREDITORS
Amounts falling due after more than one year 8 26,101 43,210
NET ASSETS 255,891 272,456

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 255,889 272,454
SHAREHOLDERS' FUNDS 255,891 272,456

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Premium Poultry Limited (Registered number: 08668958)

Balance Sheet - continued
31 August 2024


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 Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





A L Weaver - Director


Premium Poultry Limited (Registered number: 08668958)

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

1. STATUTORY INFORMATION

Premium Poultry 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Premium Poultry Limited (Registered number: 08668958)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 50,500
AMORTISATION
At 1 September 2023 30,300
Charge for year 10,100
At 31 August 2024 40,400
NET BOOK VALUE
At 31 August 2024 10,100
At 31 August 2023 20,200

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 127,567 38,338 177,047 342,952
Additions 8,563 - 6,150 14,713
At 31 August 2024 136,130 38,338 183,197 357,665
DEPRECIATION
At 1 September 2023 78,947 13,359 74,632 166,938
Charge for year 11,437 4,996 27,141 43,574
At 31 August 2024 90,384 18,355 101,773 210,512
NET BOOK VALUE
At 31 August 2024 45,746 19,983 81,424 147,153
At 31 August 2023 48,620 24,979 102,415 176,014

Premium Poultry Limited (Registered number: 08668958)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 81,867
Transfer to ownership (22,700 )
At 31 August 2024 59,167
DEPRECIATION
At 1 September 2023 27,915
Charge for year 13,488
Transfer to ownership (15,518 )
At 31 August 2024 25,885
NET BOOK VALUE
At 31 August 2024 33,282
At 31 August 2023 53,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 259,628 286,859
Other debtors 3,781 10,371
263,409 297,230

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,500 9,798
Hire purchase contracts 6,414 9,194
Trade creditors 391,126 260,393
Taxation and social security 32,709 31,087
Other creditors 5,588 11,839
446,337 322,311

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 8,463 19,159
Hire purchase contracts 17,638 24,051
26,101 43,210