PREMIER PRODUCE (UK) LTD

Company Registration Number:
07590923 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PREMIER PRODUCE (UK) LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PREMIER PRODUCE (UK) LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 38,462 71,091
Total fixed assets: 38,462 71,091
Current assets
Debtors:   357,465 2,890
Cash at bank and in hand: 85,059 466,131
Total current assets: 442,524 469,021
Creditors: amounts falling due within one year:   (111,710) (141,396)
Net current assets (liabilities): 330,814 327,625
Total assets less current liabilities: 369,276 398,716
Creditors: amounts falling due after more than one year: 4 (23,276) (33,012)
Total net assets (liabilities): 346,000 365,704
Capital and reserves
Called up share capital: 6 6
Profit and loss account: 345,994 365,698
Shareholders funds: 346,000 365,704

The notes form part of these financial statements

PREMIER PRODUCE (UK) LTD

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 November 2024
and signed on behalf of the board by:

Name: K Mahmood
Status: Director

The notes form part of these financial statements

PREMIER PRODUCE (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 25% on reducing balance and 25% on cost

Intangible fixed assets and amortisation policy

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of eight years.

PREMIER PRODUCE (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 37 34

PREMIER PRODUCE (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 319,557
Additions 3,250
Disposals (44,270)
At 31 March 2024 278,537
Depreciation
At 01 April 2023 248,466
Charge for year 17,203
On disposals (25,594)
At 31 March 2024 240,075
Net book value
At 31 March 2024 38,462
At 31 March 2023 71,091

PREMIER PRODUCE (UK) LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Creditors: amounts falling due after more than one year note

Bank Loans £23,276 (2023: 33,012)