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Company Registration No. 09979629 (England and Wales)
Premier Screenprinting Ltd Unaudited accounts for the year ended 31 January 2024
Premier Screenprinting Ltd Unaudited accounts Contents
Page
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Premier Screenprinting Ltd Company Information for the year ended 31 January 2024
Director
Darren Lowe
Secretary
Helen Lowe
Company Number
09979629 (England and Wales)
Registered Office
27 Sherbourne Road Bolton BL1 5NN
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Premier Screenprinting Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,664 
14,658 
Tangible assets
204,064 
227,369 
205,728 
242,027 
Current assets
Inventories
15,230 
15,230 
Debtors
36,186 
26,905 
Cash at bank and in hand
105,475 
152,612 
156,891 
194,747 
Creditors: amounts falling due within one year
(167,961)
(167,343)
Net current (liabilities)/assets
(11,070)
27,404 
Total assets less current liabilities
194,658 
269,431 
Creditors: amounts falling due after more than one year
(61,444)
(125,479)
Net assets
133,214 
143,952 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
133,114 
143,852 
Shareholders' funds
133,214 
143,952 
For the year ending 31 January 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 his 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 9 December 2024 and were signed on its behalf by
Darren Lowe Director Company Registration No. 09979629
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Premier Screenprinting Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Premier Screenprinting Ltd is a private company, limited by shares, registered in England and Wales, registration number 09979629. The registered office is 27 Sherbourne Road, Bolton, BL1 5NN.
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.
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:
Plant & machinery
15% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
15% Reducing Balance Basis
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. The Cost has been Amortised over Two Years
4
Intangible fixed assets
Other 
£ 
Cost
At 1 February 2023
53,439 
Additions
3,328 
At 31 January 2024
56,767 
Amortisation
At 1 February 2023
38,781 
Charge for the year
16,322 
At 31 January 2024
55,103 
Net book value
At 31 January 2024
1,664 
At 31 January 2023
14,658 
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Premier Screenprinting Ltd Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
488,023 
13,497 
16,918 
518,438 
Additions
11,182 
- 
1,805 
12,987 
At 31 January 2024
499,205 
13,497 
18,723 
531,425 
Depreciation
At 1 February 2023
270,072 
11,094 
9,903 
291,069 
Charge for the year
34,369 
600 
1,323 
36,292 
At 31 January 2024
304,441 
11,694 
11,226 
327,361 
Net book value
At 31 January 2024
194,764 
1,803 
7,497 
204,064 
At 31 January 2023
217,951 
2,403 
7,015 
227,369 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
36,186 
26,905 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
13,392 
18,505 
Taxes and social security
24,237 
21,692 
Other creditors
2,100 
6,000 
Loans from directors
125,232 
118,146 
Accruals
3,000 
3,000 
167,961 
167,343 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
61,444 
125,479 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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