Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalse272023-10-01No description of principal activity31truefalse SC217890 2023-10-01 2024-09-30 SC217890 2022-10-01 2023-09-30 SC217890 2024-09-30 SC217890 2023-09-30 SC217890 c:Director1 2023-10-01 2024-09-30 SC217890 c:Director2 2023-10-01 2024-09-30 SC217890 c:Director3 2023-10-01 2024-09-30 SC217890 c:RegisteredOffice 2023-10-01 2024-09-30 SC217890 d:PlantMachinery 2023-10-01 2024-09-30 SC217890 d:PlantMachinery 2024-09-30 SC217890 d:PlantMachinery 2023-09-30 SC217890 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC217890 d:MotorVehicles 2023-10-01 2024-09-30 SC217890 d:MotorVehicles 2024-09-30 SC217890 d:MotorVehicles 2023-09-30 SC217890 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC217890 d:FurnitureFittings 2023-10-01 2024-09-30 SC217890 d:FurnitureFittings 2024-09-30 SC217890 d:FurnitureFittings 2023-09-30 SC217890 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC217890 d:OfficeEquipment 2023-10-01 2024-09-30 SC217890 d:OfficeEquipment 2024-09-30 SC217890 d:OfficeEquipment 2023-09-30 SC217890 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC217890 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 SC217890 d:CurrentFinancialInstruments 2024-09-30 SC217890 d:CurrentFinancialInstruments 2023-09-30 SC217890 d:Non-currentFinancialInstruments 2024-09-30 SC217890 d:Non-currentFinancialInstruments 2023-09-30 SC217890 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 SC217890 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 SC217890 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 SC217890 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 SC217890 d:ShareCapital 2024-09-30 SC217890 d:ShareCapital 2023-09-30 SC217890 d:RetainedEarningsAccumulatedLosses 2024-09-30 SC217890 d:RetainedEarningsAccumulatedLosses 2023-09-30 SC217890 c:OrdinaryShareClass2 2023-10-01 2024-09-30 SC217890 c:OrdinaryShareClass2 2024-09-30 SC217890 c:OrdinaryShareClass2 2023-09-30 SC217890 c:OrdinaryShareClass3 2023-10-01 2024-09-30 SC217890 c:OrdinaryShareClass3 2024-09-30 SC217890 c:OrdinaryShareClass3 2023-09-30 SC217890 c:OrdinaryShareClass4 2023-10-01 2024-09-30 SC217890 c:OrdinaryShareClass4 2024-09-30 SC217890 c:OrdinaryShareClass4 2023-09-30 SC217890 c:FRS102 2023-10-01 2024-09-30 SC217890 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 SC217890 c:FullAccounts 2023-10-01 2024-09-30 SC217890 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC217890 d:WithinOneYear 2024-09-30 SC217890 d:WithinOneYear 2023-09-30 SC217890 d:BetweenOneFiveYears 2024-09-30 SC217890 d:BetweenOneFiveYears 2023-09-30 SC217890 e:PoundSterling 2023-10-01 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC217890










PREMIER EVENTS AND LEISURE COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
 

COMPANY INFORMATION


Directors
Mr G D Crowley 
Mr S Hazley 
Mr J Hazley 




Registered number
SC217890



Registered office
Pentland House
Saltire Centre

Glenrothes

Fife

KY6 2AH




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
REGISTERED NUMBER:SC217890

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
161,710
202,637

  
161,710
202,637

Current assets
  

Debtors: amounts falling due within one year
 5 
157,242
188,719

Bank and cash balances
  
693,429
631,987

  
850,671
820,706

Creditors: amounts falling due within one year
 6 
(461,401)
(428,367)

Net current assets
  
 
 
389,270
 
 
392,339

Total assets less current liabilities
  
550,980
594,976

Creditors: amounts falling due after more than one year
 7 
(92,134)
(146,247)

Provisions for liabilities
  

Deferred tax
  
(31,580)
(40,658)

  
 
 
(31,580)
 
 
(40,658)

Net assets
  
427,266
408,071


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
427,166
407,971

  
427,266
408,071

Page 1

 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
REGISTERED NUMBER:SC217890

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 December 2024.




Mr G D Crowley
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The Company is limited by shares and incorporated in Scotland; Registration Number SC217890. The registered office address is Pentland House, Saltire Centre, Glenrothes, Scotland, KY6 2AH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.  Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.6

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Current and deferred taxation

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

The current 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20% Straight line
Motor vehicles
-
20% Straight line
Fixtures and fittings
-
20% Straight line
Office equipment
-
20% Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 - 31).

Page 5

 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
455,627
218,628
29,336
45,182
748,773


Additions
14,061
-
824
2,848
17,733


Disposals
(14,284)
-
-
(65)
(14,349)



At 30 September 2024

455,404
218,628
30,160
47,965
752,157



Depreciation


At 1 October 2023
413,943
82,425
28,613
21,155
546,136


Charge for the year on owned assets
18,221
31,968
354
7,261
57,804


Disposals
(13,428)
-
-
(65)
(13,493)



At 30 September 2024

418,736
114,393
28,967
28,351
590,447



Net book value



At 30 September 2024
36,668
104,235
1,193
19,614
161,710



At 30 September 2023
41,684
136,203
723
24,027
202,637

Page 6

 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
148,385
186,750

Other debtors
1,060
1,969

Prepayments and accrued income
7,797
-

157,242
188,719



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
25,000
25,000

Trade creditors
43,600
60,371

Other taxation and social security
138,594
144,176

Obligations under finance lease and hire purchase contracts
29,113
26,120

Other creditors
133,681
119,555

Accruals and deferred income
91,413
53,145

461,401
428,367


Obligations under hire purchase contracts are secured by the relevant assets,


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
25,000
50,000

Net obligations under finance leases and hire purchase contracts
67,134
96,247

92,134
146,247


Obligations under hire purchase contracts are secured by the relevant assets,

Page 7

 
PREMIER EVENTS AND LEISURE COMPANY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



51 (2023 - 510) Ordinary A Class shares of £1.00 each
51
51
39 (2023 - 390) Ordinary B Class shares of £1.00 each
39
39
10 (2023 - 100) Ordinary C Class shares of £1.00 each
10
10

100

100





9.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
34,640
32,990

Later than 1 year and not later than 5 years
5,773
5,498

40,413
38,488


Page 8