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
Premier Lakes Movies Ltd
Company Information
for the year ended 30 April 2024
Company Number
09526383 (England and Wales)
Registered Office
18 WILDMAN STREET
KENDAL
LA9 6EN
ENGLAND
Premier Lakes Movies Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
10,240
10,549
Cash at bank and in hand
71,586
95,088
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)
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
Premier Lakes Movies Ltd
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortisation is provided at 10% straight line of cost basis.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. .
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 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.
Premier Lakes Movies Ltd
Notes to the Accounts
for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Fixtures & fittings
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
Loans from directors
932
104
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).