Registered number
03212360
Premier Buildings Limited
Filleted Accounts
31 May 2024
Premier Buildings Limited
Registered number: 03212360
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 175,000 175,000
Current assets
Debtors 4 30,000 -
Cash at bank and in hand 165,067 160,793
195,067 160,793
Creditors: amounts falling due within one year 5 (352,602) (313,961)
Net current liabilities (157,535) (153,168)
Net assets 17,465 21,832
Capital and reserves
Called up share capital 2 2
Profit and loss account 17,463 21,830
Shareholder's funds 17,465 21,832
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M R Johnson
Director
Approved by the board on 16 January 2025
Premier Buildings Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2023 175,000 8,078 183,078
At 31 May 2024 175,000 8,078 183,078
Depreciation
At 1 June 2023 - 8,078 8,078
At 31 May 2024 - 8,078 8,078
Net book value
At 31 May 2024 175,000 - 175,000
At 31 May 2023 175,000 - 175,000
4 Debtors 2024 2023
£ £
Other debtors 30,000 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs (938) 938
Other creditors 353,540 313,023
352,602 313,961
6 Other information
Premier Buildings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Temperance House
Langdon Lane
Radway
Warwickshire
CV35 0UQ
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