IRIS Accounts Production v24.3.2.46 SC137330 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1373302023-06-30SC1373302024-06-30SC1373302023-07-012024-06-30SC1373302022-06-30SC1373302022-07-012023-06-30SC1373302023-06-30SC137330ns15:Scotland2023-07-012024-06-30SC137330ns14:PoundSterling2023-07-012024-06-30SC137330ns10:Director12023-07-012024-06-30SC137330ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC137330ns10:SmallEntities2023-07-012024-06-30SC137330ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC137330ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC137330ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC137330ns10:FullAccounts2023-07-012024-06-30SC137330ns10:OrdinaryShareClass12023-07-012024-06-30SC137330ns10:Director22023-07-012024-06-30SC137330ns10:CompanySecretary12023-07-012024-06-30SC137330ns10:RegisteredOffice2023-07-012024-06-30SC137330ns5:CurrentFinancialInstruments2024-06-30SC137330ns5:CurrentFinancialInstruments2023-06-30SC137330ns5:Non-currentFinancialInstruments2024-06-30SC137330ns5:Non-currentFinancialInstruments2023-06-30SC137330ns5:ShareCapital2024-06-30SC137330ns5:ShareCapital2023-06-30SC137330ns5:RetainedEarningsAccumulatedLosses2024-06-30SC137330ns5:RetainedEarningsAccumulatedLosses2023-06-30SC137330ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC137330ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30SC137330ns10:OrdinaryShareClass12024-06-30
REGISTERED NUMBER: SC137330 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Premier Computing Organisation
Limited

The Premier Computing Organisation
Limited (Registered number: SC137330)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Premier Computing Organisation
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr Paul Craig
Mrs Yvonne A Craig





SECRETARY: Mr Paul Craig





REGISTERED OFFICE: 79 Berkeley Street
Glasgow
G3 7DX





REGISTERED NUMBER: SC137330 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

The Premier Computing Organisation
Limited (Registered number: SC137330)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stock 74,822 71,147
Debtors 4 20,954 42,042
Cash at bank and in hand 65,701 92,502
161,477 205,691
CREDITORS
Amounts falling due within one year 5 111,164 122,254
NET CURRENT ASSETS 50,313 83,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,313

83,437

CREDITORS
Amounts falling due after more than one
year

6

9,159

19,190
NET ASSETS 41,154 64,247

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 41,054 64,147
SHAREHOLDERS' FUNDS 41,154 64,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The Premier Computing Organisation
Limited (Registered number: SC137330)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2025 and were signed on its behalf by:





Mr Paul Craig - Director


The Premier Computing Organisation
Limited (Registered number: SC137330)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Premier Computing Organisation Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stock are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


The Premier Computing Organisation
Limited (Registered number: SC137330)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,216 38,442
Other debtors 8,738 3,600
20,954 42,042

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,015 10,015
Trade creditors 4,915 3,881
Taxation and social security 9,327 7,273
Other creditors 86,907 101,085
111,164 122,254

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 9,159 19,190

The Premier Computing Organisation
Limited (Registered number: SC137330)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100