(1) General Information
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PREMIER COMPUTER SERVICES LIMITED is a private company limited by shares, domiciled and incorporated in England and Wales. Its registered office is Petronne House, 31 Church Street, Dagenham RM10 9UR. |
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(2) Statement of compliance
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These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime. |
Basis of Preparation
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The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Property, plant and equipment
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Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.
Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
| Asset class and depreciation rate | Land and Buildings | | Plant and Machinery | | Short Leasehold Properties | | Investment Properties | | Long Leasehold Properties | | Commercial Vehicles | | Fixtures and Fittings | | Equipment | | Motor Cars | |
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(4) Critical accounting judgements and key sources of estimation uncertainty
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No judgement
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No significant judgements or estimates have been made in preparation of these financial statements. |
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(5) Employees
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During the year, the average number of employees including director was 0 (2024 : 0). |
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(6) Tangible fixed assets
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| Land and Buildings | | £ | Cost | | As at 01 March 2024 | 105,922 | As at 28 February 2025 | 105,922 | Depreciation | | As at 28 February 2025 | - | Net book value | | As at 28 February 2025 | 105,922 | As at 29 February 2024 | 105,922 |
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(7) Debtors
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Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | | | | | Other debtors | 29,719 | | 27,754 | | | | | | 29,719 | | 27,754 |
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(8) Cash and cash equivalents
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| | | 2025 | | 2024 | | £ | | £ | | Bank balance | 20,236 | | 34,502 | | | | | | 20,236 | | 34,502 |
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(9) Creditors: Amounts falling due within one year
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| | | 2025 | | 2024 | | £ | | £ | | Trade creditors | 425 | | - | | | | | | | | | Other taxes and social security | 17,967 | | 17,967 | | | | | | | | | | 18,392 | | 17,967 |
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(10) Creditors: Amounts falling due after more than one year
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| | | 2025 | | 2024 | | £ | | £ | | Bank loans and overdrafts | 21,628 | | 31,063 | | | | | | | | | | 21,628 | | 31,063 |
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(11) Share capital and reserves
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| Alloted, called up and fully paid: | 2025 | | 2024 | | £ | | £ | | 1 (2024 : 1) Ordinary Shares of £ 1 each | 1 | | 1 | | 1 | | 1 | | Ordinary shares hold equal voting rights. | | Retained earnings | | | 2025 | | | | £ | At 1 March 2024 | | | 175,198 | Loss of the year | | | (2,812) | Dividends paid | | | (1,000) | At 28 February 2025 | | | 171,386 | |
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