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Company Registration No. 09526383 (England and Wales)
Premier Lakes Movies Ltd Unaudited accounts for the year ended 30 April 2024
Premier Lakes Movies Ltd Unaudited accounts Contents
Page
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Premier Lakes Movies Ltd Company Information for the year ended 30 April 2024
Director
Alison Knowles
Company Number
09526383 (England and Wales)
Registered Office
18 WILDMAN STREET KENDAL LA9 6EN ENGLAND
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Premier Lakes Movies Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,240 
10,549 
Current assets
Inventories
15,750 
16,650 
Debtors
750 
750 
Cash at bank and in hand
71,586 
95,088 
88,086 
112,488 
Creditors: amounts falling due within one year
(25,752)
(41,825)
Net current assets
62,334 
70,663 
Total assets less current liabilities
72,574 
81,212 
Provisions for liabilities
Deferred tax
(1,946)
(2,004)
Net assets
70,628 
79,208 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
70,626 
79,206 
Shareholders' funds
70,628 
79,208 
For the year ending 30 April 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 2 October 2024 and were signed on its behalf by
Alison Knowles Director Company Registration No. 09526383
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Premier Lakes Movies Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Premier Lakes Movies Ltd is a private company, limited by shares, registered in England and Wales, registration number 09526383. The registered office is 18 WILDMAN STREET, KENDAL, LA9 6EN, ENGLAND.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance basis
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is provided at 10% straight line of cost basis.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. .
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Premier Lakes Movies Ltd Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
50,000 
At 30 April 2024
50,000 
Amortisation
At 1 May 2023
50,000 
At 30 April 2024
50,000 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
30,527 
Additions
1,498 
At 30 April 2024
32,025 
Depreciation
At 1 May 2023
19,978 
Charge for the year
1,807 
At 30 April 2024
21,785 
Net book value
At 30 April 2024
10,240 
At 30 April 2023
10,549 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
750 
750 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
12,772 
22,619 
Taxes and social security
10,195 
17,538 
Other creditors
444 
- 
Loans from directors
932 
104 
Accruals
1,409 
1,564 
25,752 
41,825 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
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