Registered number
12205696
Premier Advertising Space Ltd
Filleted Accounts
30 September 2024
Premier Advertising Space Ltd
Registered number: 12205696
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,679 28,679
Current assets
Cash at bank and in hand 5,489 3,717
Creditors: amounts falling due within one year 4 (30,517) (30,297)
Net current liabilities (25,028) (26,580)
Net assets 3,651 2,099
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,551 1,999
Shareholders' funds 3,651 2,099
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mrs A E Alger
Director
Approved by the board on 03.03.25
Premier Advertising Space Ltd
Notes to the Accounts
for the year ended 30 September 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 represents the net value of services provided to customers.
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:
Freehold buildings and other assets over 50 years
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 28,679
At 30 September 2024 28,679
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 28,679
At 30 September 2023 28,679
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,068 996
Other creditors 29,449 29,301
30,517 30,297
5 Other information
Premier Advertising Space Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Calthorpe House
40 Old Road
Acle
NR13 3QL
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