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Company Registration No. 08110510 (England and Wales)
Premiere Advantage Ltd Unaudited accounts for the year ended 30 June 2024
Premiere Advantage Ltd Unaudited accounts Contents
Page
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Premiere Advantage Ltd Company Information for the year ended 30 June 2024
Director
Dorothy Mugadza
Company Number
08110510 (England and Wales)
Registered Office
31 WILSON DRIVE OLDBURY B69 3NF
Accountants
Fortune Tax Accountants Ltd Derwent House 42-46 Waterloo road Wolverhampton West Midlands WV1 4XB
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Premiere Advantage Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
452 
452 
Current assets
Debtors
31,229 
18,526 
Cash at bank and in hand
1,155 
5,448 
32,384 
23,974 
Creditors: amounts falling due within one year
4,416 
24,075 
Net current assets
36,800 
48,049 
Total assets less current liabilities
37,252 
48,501 
Creditors: amounts falling due after more than one year
(76,970)
(36,888)
Net (liabilities)/assets
(39,718)
11,613 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(39,720)
11,611 
Shareholders' funds
(39,718)
11,613 
For the year ending 30 June 2024 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 December 2024 and were signed on its behalf by
Dorothy Mugadza Director Company Registration No. 08110510
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Premiere Advantage Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Premiere Advantage Ltd is a private company, limited by shares, registered in England and Wales, registration number 08110510. The registered office is 31 WILSON DRIVE, OLDBURY, B69 3NF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
18%RBM
Computer equipment
18%RBM
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
1,220 
At 30 June 2024
1,220 
Depreciation
At 1 July 2023
768 
At 30 June 2024
768 
Net book value
At 30 June 2024
452 
At 30 June 2023
452 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
31,229 
18,526 
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Premiere Advantage Ltd Notes to the Accounts for the year ended 30 June 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
(4,416)
9,588 
Loans from directors
- 
(33,663)
(4,416)
(24,075)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
24,917 
36,888 
Loans from directors
52,053 
- 
76,970 
36,888 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 30 (2023: 13).
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