2023-05-01 NI652657 2024-04-29 NI652657 2023-05-01 2024-04-29 NI652657 2023-04-30 NI652657 2022-05-01 2023-04-30 NI652657 uk-core:WithinOneYear 2023-04-30 NI652657 uk-core:WithinOneYear 2024-04-29 NI652657 uk-core:AfterOneYear 2023-04-30 NI652657 uk-core:AfterOneYear 2024-04-29 NI652657 uk-core:ShareCapital 2024-04-29 NI652657 uk-core:ShareCapital 2023-04-30 NI652657 uk-core:SharePremium 2024-04-29 NI652657 uk-core:SharePremium 2023-04-30 NI652657 uk-core:RetainedEarningsAccumulatedLosses 2024-04-29 NI652657 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI652657 uk-bus:Director1 2023-05-01 2024-04-29 NI652657 uk-bus:Director2 2023-05-01 2024-04-29 NI652657 uk-core:LeaseholdImprovements 2023-05-01 2024-04-29 NI652657 uk-core:PlantMachinery 2023-05-01 2024-04-29 NI652657 uk-core:PlantMachinery 2023-04-30 NI652657 uk-core:LeaseholdImprovements 2023-04-30 NI652657 uk-core:LeaseholdImprovements 2024-04-29 NI652657 uk-core:PlantMachinery 2024-04-29 NI652657 uk-core:WithinOneYear uk-core:Secured 2024-04-29 NI652657 uk-core:WithinOneYear uk-core:Secured 2023-04-30 iso4217:GBP xbrli:pure NI652657 uk-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-29 NI652657 uk-bus:FRS102 2023-05-01 2024-04-29 NI652657 uk-bus:FilletedAccounts 2023-05-01 2024-04-29 NI652657 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-29
Premier Clay Targets Ltd
Registered Number:NI652657
For the period ended 29 April 2024
Northern Ireland
Unaudited Financial Statements
2
For the period ended 29 April 2024
Premier Clay Targets Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
NI652657
As at 29 April 2024
Premier Clay Targets Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
105,024
116,814
2
105,024
116,814
Current assets
Inventories
8,750
11,590
3
Trade and other receivables
9,252
-
4
7,685
Cash and cash equivalents
15,371
26,961
25,687
Trade and other payables: amounts falling due within one
year
(58,944)
(59,569)
5
(33,257)
(32,608)
Net current liabilities
Total assets less current liabilities
72,416
83,557
Trade and other payables: amounts falling due after more
than one year
(74,063)
(62,649)
6
9,767
Net assets
9,494
Capital and reserves
Called up share capital
400
400
Share premium account
30,000
30,000
Retained earnings
(20,633)
(20,906)
9,767
9,494
Shareholders' funds
For the period ended 29 April 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 of its financial statements for the period ended 29 April 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Matthew Nicholson Director
Mr William Reynolds Director
These financial statements were approved and authorised for issue by the Board on 25 March 2025 and were signed by:
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4
Registered Number :
NI652657
For the period ended 29 April 2024
Premier Clay Targets Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the period ended 29 April 2024
Premier Clay Targets Ltd
Notes to the Financial Statements
Statutory Information
Premier Clay Targets Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI652657.
Registered address:
32 Dobbin Street
Armagh
BT61 7QQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
5% Straight line
Plant and Machinery
15% Reducing balance
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the period ended 29 April 2024
Premier Clay Targets Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or
valuation
At 01 May 2023
189,872
180,140
9,732
5,857
5,857
-
Additions
At 29 April 2024
9,732
185,997
195,729
Provision for depreciation and impairment
At 01 May 2023
73,058
71,597
1,461
Charge for period
17,647
17,160
487
At 29 April 2024
90,705
88,757
1,948
At 29 April 2024
Net book value
7,784
97,240
105,024
At 30 April 2023
8,271
108,543
116,814
3. Inventories
2023
2024
£
£
Stocks
11,590
8,750
4. Trade and other receivables
2023
2024
£
£
Other debtors
-
9,252
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
5,861
5,861
Taxation and social security
1,884
-
Other creditors
51,824
53,083
59,569
58,944
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7
For the period ended 29 April 2024
Premier Clay Targets Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
7,909
13,353
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
54,740
60,710
62,649
74,063
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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