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Registration number: 09949491

Premier Risk Limited

trading as Premier Risk Services

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Premier Risk Limited

trading as Premier Risk Services

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Premier Risk Limited

trading as Premier Risk Services

(Registration number: 09949491)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

5

-

875

Tangible assets

6

4,322

10,418

 

4,322

11,293

Current assets

 

Debtors

7

117,268

111,302

Cash at bank and in hand

 

52,553

39,925

 

169,821

151,227

Creditors: Amounts falling due within one year

8

(78,880)

(67,144)

Net current assets

 

90,941

84,083

Total assets less current liabilities

 

95,263

95,376

Provisions for liabilities

(821)

(2,146)

Net assets

 

94,442

93,230

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

93,442

92,230

Shareholders' funds

 

94,442

93,230

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 13 November 2024 and signed on its behalf by:
 

 

Premier Risk Limited

trading as Premier Risk Services

(Registration number: 09949491)
Balance Sheet as at 31 March 2024

Mr J A Moore
Director

Mr R I Sykes
Director

Mr D C Bentley
Director

Mr J A Hall
Director

     
 

Premier Risk Limited

trading as Premier Risk Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Parkhill Studio
Walton Road
Wetherby
West Yorkshire
LS22 5DZ
England

These financial statements were authorised for issue by the Board on 13 November 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Premier Risk Limited

trading as Premier Risk Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% straight line

Website

25% straight line

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Premier Risk Limited

trading as Premier Risk Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2023 - 7).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

2,445

4,292

Amortisation expense

875

1,500

 

Premier Risk Limited

trading as Premier Risk Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Intangible assets

Website
 £

Total
£

Cost or valuation

At 1 April 2023

6,000

6,000

At 31 March 2024

6,000

6,000

Amortisation

At 1 April 2023

5,125

5,125

Amortisation charge

875

875

At 31 March 2024

6,000

6,000

Carrying amount

At 31 March 2024

-

-

At 31 March 2023

875

875

 

Premier Risk Limited

trading as Premier Risk Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

6,490

43,811

50,301

Additions

485

-

485

Disposals

(3,087)

(23,946)

(27,033)

At 31 March 2024

3,888

19,865

23,753

Depreciation

At 1 April 2023

5,796

34,087

39,883

Charge for the year

687

1,758

2,445

Eliminated on disposal

(3,087)

(19,810)

(22,897)

At 31 March 2024

3,396

16,035

19,431

Carrying amount

At 31 March 2024

492

3,830

4,322

At 31 March 2023

694

9,724

10,418

 

Premier Risk Limited

trading as Premier Risk Services

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

debtors

Current

2024
£

2023
£

Trade debtors

12,856

12,855

Prepayments

1,495

1,531

Other debtors

102,917

96,916

 

117,268

111,302

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

6,695

6,248

Taxation and social security

69,566

58,675

Other creditors

2,619

2,221

78,880

67,144