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REGISTERED NUMBER: 08045373 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PREMIUM LEISURE DISTRIBUTION LIMITED

PREMIUM LEISURE DISTRIBUTION LIMITED (REGISTERED NUMBER: 08045373)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIUM LEISURE DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P M Hardy
D Hodges





SECRETARY:





REGISTERED OFFICE: 367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ





REGISTERED NUMBER: 08045373 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

PREMIUM LEISURE DISTRIBUTION LIMITED (REGISTERED NUMBER: 08045373)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 27,611 44,788

CURRENT ASSETS
Stocks - 9,000
Debtors 5 749,441 725,016
Cash at bank 161 2,677
749,602 736,693
CREDITORS
Amounts falling due within one year 6 (275,832 ) (205,888 )
NET CURRENT ASSETS 473,770 530,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

501,381

575,593

CREDITORS
Amounts falling due after more than one
year

7

(106,294

)

(146,543

)

PROVISIONS FOR LIABILITIES (5,246 ) (8,510 )
NET ASSETS 389,841 420,540

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 389,839 420,538
SHAREHOLDERS' FUNDS 389,841 420,540

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 LEISURE DISTRIBUTION LIMITED (REGISTERED NUMBER: 08045373)

BALANCE SHEET - continued
31 MARCH 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 30 November 2024 and were signed on its behalf by:




P M Hardy - Director



D Hodges - Director


PREMIUM LEISURE DISTRIBUTION LIMITED (REGISTERED NUMBER: 08045373)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Premium Leisure Distribution 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

PREMIUM LEISURE DISTRIBUTION LIMITED (REGISTERED NUMBER: 08045373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 32,850 20,644 46,620 22,283 122,397
Disposals - - (18,996 ) - (18,996 )
At 31 March 2024 32,850 20,644 27,624 22,283 103,401
DEPRECIATION
At 1 April 2023 21,442 15,744 21,238 19,185 77,609
Charge for year 1,711 735 3,745 584 6,775
Eliminated on disposal - - (8,594 ) - (8,594 )
At 31 March 2024 23,153 16,479 16,389 19,769 75,790
NET BOOK VALUE
At 31 March 2024 9,697 4,165 11,235 2,514 27,611
At 31 March 2023 11,408 4,900 25,382 3,098 44,788

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 26,172
DEPRECIATION
At 1 April 2023 11,450
Charge for year 3,681
At 31 March 2024 15,131
NET BOOK VALUE
At 31 March 2024 11,041
At 31 March 2023 14,722

PREMIUM LEISURE DISTRIBUTION LIMITED (REGISTERED NUMBER: 08045373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 749,441 725,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 108,277 75,680
Hire purchase contracts 3,378 3,378
Trade creditors (177 ) 1,694
Taxation and social security 23,452 37,143
Other creditors 140,902 87,993
275,832 205,888

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 17,527 22,448
Hire purchase contracts 8,892 12,270
Other creditors 79,875 111,825
106,294 146,543

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 15,975 47,925

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P M Hardy
Balance outstanding at start of year (12,863 ) (91,402 )
Amounts advanced - 78,539
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,863 ) (12,863 )

PREMIUM LEISURE DISTRIBUTION LIMITED (REGISTERED NUMBER: 08045373)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

D Hodges
Balance outstanding at start of year (40,555 ) (97,054 )
Amounts advanced - 56,499
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50,555 ) (40,555 )