IRIS Accounts Production v24.3.0.553 03637866 director 1.1.23 31.12.23 31.12.23 true false true true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036378662022-12-31036378662023-12-31036378662023-01-012023-12-31036378662021-12-31036378662022-01-012022-12-31036378662022-12-3103637866ns15:EnglandWales2023-01-012023-12-3103637866ns14:PoundSterling2023-01-012023-12-3103637866ns10:Director12023-01-012023-12-3103637866ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103637866ns10:SmallEntities2023-01-012023-12-3103637866ns10:Audited2023-01-012023-12-3103637866ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103637866ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103637866ns10:FullAccounts2023-01-012023-12-3103637866ns10:OrdinaryShareClass12023-01-012023-12-3103637866ns10:CompanySecretary12023-01-012023-12-3103637866ns10:RegisteredOffice2023-01-012023-12-3103637866ns5:CurrentFinancialInstruments2023-12-3103637866ns5:CurrentFinancialInstruments2022-12-3103637866ns5:Non-currentFinancialInstruments2023-12-3103637866ns5:Non-currentFinancialInstruments2022-12-3103637866ns5:ShareCapital2023-12-3103637866ns5:ShareCapital2022-12-3103637866ns5:RetainedEarningsAccumulatedLosses2023-12-3103637866ns5:RetainedEarningsAccumulatedLosses2022-12-3103637866ns5:ShareCapital2021-12-3103637866ns5:RetainedEarningsAccumulatedLosses2021-12-3103637866ns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-3103637866ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3103637866ns5:OwnedAssets2023-01-012023-12-3103637866ns5:OwnedAssets2022-01-012022-12-3103637866ns5:HirePurchaseContracts2023-01-012023-12-3103637866ns5:HirePurchaseContracts2022-01-012022-12-3103637866ns10:OrdinaryShareClass12022-01-012022-12-3103637866ns5:PlantMachinery2022-12-3103637866ns5:FurnitureFittings2022-12-3103637866ns5:MotorVehicles2022-12-3103637866ns5:PlantMachinery2023-01-012023-12-3103637866ns5:FurnitureFittings2023-01-012023-12-3103637866ns5:MotorVehicles2023-01-012023-12-3103637866ns5:PlantMachinery2023-12-3103637866ns5:FurnitureFittings2023-12-3103637866ns5:MotorVehicles2023-12-3103637866ns5:PlantMachinery2022-12-3103637866ns5:FurnitureFittings2022-12-3103637866ns5:MotorVehicles2022-12-3103637866ns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3103637866ns5:CostValuation2022-12-3103637866ns5:Subsidiary12023-01-012023-12-3103637866ns5:Subsidiary112023-01-012023-12-3103637866ns5:Subsidiary12023-12-3103637866ns5:Subsidiary12022-12-3103637866ns5:Subsidiary12022-12-3103637866ns5:Subsidiary12022-01-012022-12-3103637866ns5:Subsidiary22023-01-012023-12-31036378663ns5:Subsidiary22023-01-012023-12-3103637866ns5:Subsidiary22023-12-3103637866ns5:Subsidiary22022-12-3103637866ns5:Subsidiary22022-01-012022-12-3103637866ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3103637866ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103637866ns5:WithinOneYear2023-12-3103637866ns5:WithinOneYear2022-12-3103637866ns5:BetweenOneFiveYears2023-12-3103637866ns5:BetweenOneFiveYears2022-12-3103637866ns5:AllPeriods2023-12-3103637866ns5:AllPeriods2022-12-3103637866ns10:OrdinaryShareClass12023-12-3103637866ns5:RetainedEarningsAccumulatedLosses2022-12-31036378661ns10:Director12022-12-31036378661ns10:Director12021-12-31036378661ns10:Director12023-01-012023-12-31036378661ns10:Director12022-01-012022-12-31036378661ns10:Director12023-12-31036378661ns10:Director12022-12-310363786612023-01-012023-12-31
REGISTERED NUMBER: 03637866 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 31 December 2023

for

Premier Marketing & Distribution Limited

Premier Marketing & Distribution Limited (Registered number: 03637866)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Report of the Director 2

Report of the Independent Auditors 4

Income Statement 7

Other Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Notes to the Financial Statements 11


Premier Marketing & Distribution Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Cohen



SECRETARY: M Cohen



REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ



REGISTERED NUMBER: 03637866 (England and Wales)



SENIOR STATUTORY AUDITOR: Frank Martin FCA



AUDITORS: Martin+Heller
Chartered Accountants
and Registered Auditor
5 North End Road
London
NW11 7RJ

Premier Marketing & Distribution Limited (Registered number: 03637866)

Report of the Director
for the Year Ended 31 December 2023


The director presents his report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of software development and marketing.

RESEARCH AND DEVELOPMENT
Over the years the company has engaged in a software development project using processes that were regarded as being eligible for a research and development claim. No claims were made during the year.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR
M Cohen held office during the whole of the period from 1 January 2023 to the date of this report.

CHARITABLE DONATIONS AND EXPENDITURE
During the year the company made charitable donations amounting to £Nil (2022 - Nil).

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Martin+Heller, will be proposed for re-appointment at the forthcoming Annual General Meeting.


Premier Marketing & Distribution Limited (Registered number: 03637866)

Report of the Director
for the Year Ended 31 December 2023

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Cohen - Director


4 December 2024

Report of the Independent Auditors to the Members of
Premier Marketing & Distribution Limited


Opinion
We have audited the financial statements of Premier Marketing & Distribution Limited (the 'company') for the year ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the Director has been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Premier Marketing & Distribution Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the director was not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Director.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Premier Marketing & Distribution Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- We identified areas of laws and regulations that could reasonably be expected to have a material effect on the
financial statements. We discussed with management the extent of compliance with those laws and regulations as
part of our audit procedures.
- We had regard to laws and regulations in areas that directly affect the financial statements including financial
reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as
part of our procedures on the related financial statement items.
- With the exception of any known or possible non-compliance, and as required by auditing standards, our work in
respect of these was limited to enquiry of the directors.
- We communicated identified laws and regulations throughout our team and remained alert to any indications of
non-compliance throughout the audit.
- We addressed the risk of fraud through management override of controls, by testing the appropriateness of
journal entries and other adjustments, assessing whether the judgements made in making accounting estimates
are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are
unusual or outside the normal course of business.
- Our audit procedures were designed to identify and assess risks of material misstatement in the financial
statements, whether due to fraud or error. The risk of not detecting a material misstatement due to fraud is higher
than the risk of not detecting one resulting from error, as fraud may involve collusion, forgery, omissions,
misrepresentations, or management override of controls.
- There are inherent limitations in the audit procedures performed. Our responsibility is to conclude whether the
financial statements represent the underlying financial position and activities of the company and to ensure that
the overall content and presentation of the financial statements gives a fair view

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Frank Martin FCA Frank Martin FCA
MARTIN HELLER Martin+Heller
Chartered Accountants
and Registered Auditor
5 North End Road
London
NW11 7RJ

4 December 2024

Premier Marketing & Distribution Limited (Registered number: 03637866)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £ £

TURNOVER 1,680,903 1,531,864

Cost of sales 1,056,121 960,590
GROSS PROFIT 624,782 571,274

Administrative expenses 575,980 482,258
48,802 89,016

Other operating income 43,660 49
OPERATING PROFIT 5 92,462 89,065

Interest receivable and similar income 4,332 4,222
96,794 93,287

Interest payable and similar expenses 6 1,768 1,768
PROFIT BEFORE TAXATION 95,026 91,519

Tax on profit 12,108 -
PROFIT FOR THE FINANCIAL YEAR 82,918 91,519

Premier Marketing & Distribution Limited (Registered number: 03637866)

Other Comprehensive Income
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £ £

PROFIT FOR THE YEAR 82,918 91,519


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

82,918

91,519

Premier Marketing & Distribution Limited (Registered number: 03637866)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 8 18,724 24,966
Investments 9 9,433 9,433
28,157 34,399

CURRENT ASSETS
Debtors 10 676,051 387,936
Cash at bank and in hand 643,729 803,028
1,319,780 1,190,964
CREDITORS
Amounts falling due within one year 11 147,495 131,470
NET CURRENT ASSETS 1,172,285 1,059,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,200,442

1,093,893

CREDITORS
Amounts falling due after more than one
year

12

194,519

127,888
NET ASSETS 1,005,923 966,005

CAPITAL AND RESERVES
Called up share capital 14 2 2
Retained earnings 15 1,005,921 966,003
SHAREHOLDERS' FUNDS 1,005,923 966,005

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

The financial statements were approved by the director and authorised for issue on 4 December 2024 and were signed by:





M Cohen - Director


Premier Marketing & Distribution Limited (Registered number: 03637866)

Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£ £ £
Balance at 1 January 2022 2 960,484 960,486

Changes in equity
Dividends - (86,000 ) (86,000 )
Total comprehensive income - 91,519 91,519
Balance at 31 December 2022 2 966,003 966,005

Changes in equity
Dividends - (43,000 ) (43,000 )
Total comprehensive income - 82,918 82,918
Balance at 31 December 2023 2 1,005,921 1,005,923

Premier Marketing & Distribution Limited (Registered number: 03637866)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Premier Marketing & Distribution Ltd is a private company, limited by shares, registered in England and Wales. The registered office of the company is 5 North End Road, London, NW11 7RJ and the registered number of the company is 03637866.

2. STATEMENT OF COMPLIANCE

The 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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to nearest £.

The financial statements has been prepared on going concern basis, under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value.

Preparation of consolidated financial statements
The financial statements contain information about Premier Marketing & Distribution Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net value of goods sold to customers excluding VAT. The net value takes into account trade discounts, settlement discounts & rebates.

Revenue from sale of goods is recognized when significant risks & rewards of ownership has been transferred to the buyer (on despatch of goods, the amount of revenue can be measured reliably, it is probable that the economic benefit associated with the transaction will flow to the entity).

Revenue from provision of services is recognised when it is probable that economic benefit will flow to the entity and the revenue and costs can be reliably measured.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less heir residual values over their useful lives on the following bases:

Plant and Machinery 25% straight-line basis
Fixtures and Fittings 20% straight-line basis
Motor Vehicles 25% written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Premier Marketing & Distribution Limited (Registered number: 03637866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial Instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence of the foreseeable future. The validity of this assumption is dependent upon the continued support of the director, related companies and trade creditors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

31.12.23 31.12.22
£ £
Director's remuneration 47,287 46,572

Premier Marketing & Distribution Limited (Registered number: 03637866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. OPERATING PROFIT

The operating profit is stated after charging:

31.12.23 31.12.22
£ £
Depreciation - owned assets 6,242 9,183

6. INTEREST PAYABLE AND SIMILAR EXPENSES
31.12.23 31.12.22
£ £
Hire purchase 1,768 1,768

7. DIVIDENDS
31.12.23 31.12.22
£ £
Ordinary shares of £1 each
Interim 43,000 86,000

8. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 January 2023
and 31 December 2023 50,497 28,389 108,294 187,180
DEPRECIATION
At 1 January 2023 50,497 28,389 83,328 162,214
Charge for year - - 6,242 6,242
At 31 December 2023 50,497 28,389 89,570 168,456
NET BOOK VALUE
At 31 December 2023 - - 18,724 18,724
At 31 December 2022 - - 24,966 24,966

The net carrying value of the tangible fixed assets held under hire purchase is as follows:-

20222021
))

Motor Vehicles20,06128,668
20,06128,668


Premier Marketing & Distribution Limited (Registered number: 03637866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


9. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 9,433
NET BOOK VALUE
At 31 December 2023 9,433
At 31 December 2022 9,433

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Renful Premier Technologies Ltd
Registered office: 53/9 Sokolov Street Ramat Hashron Israel
Nature of business: Aviation security & consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves 8,518 6,601
Profit/(loss) for the year 1,952 (7,021 )

Renful Systems Ltd
Registered office: Bajza utca 68 fszt. Budapest 1062 Hungary
Nature of business: Aviation security & consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.23 31.12.22
£ £
Aggregate capital and reserves (6,268 ) 1,168
Loss for the year (7,436 ) (9,302 )

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade debtors 251,740 95,697
Other debtors 424,311 292,239
676,051 387,936

Premier Marketing & Distribution Limited (Registered number: 03637866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Hire purchase contracts (see note 13) 4,471 4,471
Trade creditors 88,871 105,514
Taxation and social security 23,321 10,036
Other creditors 30,832 11,449
147,495 131,470

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£ £
Hire purchase contracts (see note 13) 12,635 15,618
Other creditors 181,884 112,270
194,519 127,888

13. LEASING AGREEMENTS

Finance Lease and Hire Purchase Contracts

Minimum lease payments under hire purchase fall due as follows:-
2023 2022
) )
Net obligation repayable:
Within one year 4,471 4,471
Between one and five years 12,635 15,618
17,106 20,089


Operating Leases

The operating lease represents rentals payable by the company for the properties utilized by the business owned by its director.

At the reporting date the company has outstanding commitment for future minimum lease payments under non cancellable operating lease as follows:-

Non-cancellable
operating leases
31.12.23 31.12.22
£ £
Within one year 32,000 32,000
Between one and five years 80,000 112,000
112,000 144,000

Premier Marketing & Distribution Limited (Registered number: 03637866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £ £
2 Ordinary £1 2 2

15. RESERVES
Retained
earnings
£

At 1 January 2023 966,003
Profit for the year 82,918
Dividends (43,000 )
At 31 December 2023 1,005,921

16. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The total amount paid by the company towards the pension scheme was £11,062 (2022- £12,204).

17. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£ £
M Cohen
Balance outstanding at start of year 121,058 193,692
Amounts repaid (15,874 ) (72,634 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 105,184 121,058

The maximum amounts outstanding on the respective loan during the year was £121,058 The loan is unsecured and repayable on demand. Interest totalling £4,332 has been charged on the above loan.

18. RELATED PARTY DISCLOSURES

Transactions:

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions entered into between two or more members of a group where the wholly owned subsidiary is a party to the transaction.

Premier Marketing & Distribution Limited (Registered number: 03637866)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


19. POST BALANCE SHEET EVENTS

As per the management accounts presented by the company for the next year, the company remains profitable.

The company intends to continue to focus on strengthening its financial performance in the industry by providing responsive and reliable service to the client.

20. ULTIMATE CONTROLLING PARTY

The controlling party is M Cohen.