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REGISTERED NUMBER: 09432380 (England and Wales)















PREMIUM SNACKS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






PREMIUM SNACKS LIMITED (REGISTERED NUMBER: 09432380)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


PREMIUM SNACKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







Directors: G R Day
S L Allen





Registered office: 2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR





Registered number: 09432380 (England and Wales)





Accountants: Roberts & Co
Chartered Accountants
2 Tower House
Hoddesdon
Hertfordshire
EN11 8UR

PREMIUM SNACKS LIMITED (REGISTERED NUMBER: 09432380)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,672 3,563

Current assets
Stocks 6,082 8,373
Debtors 5 13,338 14,294
Cash at bank 15,360 19,185
34,780 41,852
Creditors
Amounts falling due within one year 6 93,362 75,039
Net current liabilities (58,582 ) (33,187 )
Total assets less current liabilities (55,910 ) (29,624 )

Capital and reserves
Called up share capital 100 100
Retained earnings (56,010 ) (29,724 )
Shareholders' funds (55,910 ) (29,624 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 26 November 2024 and were signed on its behalf by:




S L Allen - Director



G R Day - Director


PREMIUM SNACKS LIMITED (REGISTERED NUMBER: 09432380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. Statutory information

Premium Snacks 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.

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 etc - 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.

Going concern
As at 28 February 2024, the company balance sheet reports net liabilities of £55,910 (2023: £29,624). These accounts have been prepared on the going concern basis, on the basis that the directors will continue to financially support the company until it reaches a solvent position.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

PREMIUM SNACKS LIMITED (REGISTERED NUMBER: 09432380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. Tangible fixed assets
Plant and
machinery
etc
£
Cost
At 1 March 2023
and 29 February 2024 13,991
Depreciation
At 1 March 2023 10,428
Charge for year 891
At 29 February 2024 11,319
Net book value
At 29 February 2024 2,672
At 28 February 2023 3,563

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 12,603 14,294
Other debtors 735 -
13,338 14,294

6. Creditors: amounts falling due within one year
2024 2023
£ £
VAT - 409
Director's current account 91,946 73,266
Accrued expenses 1,416 1,364
93,362 75,039