06927909falsefurniture retailers2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2023-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-06-30http://www.companieshouse.gov.uk/cd:Director12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-06-30http://www.companieshouse.gov.uk/pt:PlantMachinery2024-06-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-06-30http://www.companieshouse.gov.uk/cd:Director22023-07-012024-06-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-06-30http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-06-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-06-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-07-012024-06-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-06-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-07-012024-06-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-06-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-06-30http://www.companieshouse.gov.uk/2023-07-012024-06-30http://www.companieshouse.gov.uk/2023-06-30http://www.companieshouse.gov.uk/cd:FRS1022023-07-012024-06-30http://www.companieshouse.gov.uk/2024-06-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2023-06-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-07-012024-06-30http://www.companieshouse.gov.uk/pt:LandBuildings2024-06-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06927909

Privilege UK Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
David Williamson Limited
Chartered Certified Accountants
12b Darwin Court
Hawking Place
Blackpool
FY2 0JN

Privilege UK Limited

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Adrian Bridges
Joanne Marie Bridges
REGISTERED OFFICE
12b Darwin Court
Hawking Place
Blackpool
Lancashire
FY2 0JN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06927909
ACCOUNTANTS
David Williamson Limited
Chartered Certified Accountants
12b Darwin Court
Hawking Place
Blackpool
FY2 0JN

Privilege UK Limited

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Privilege UK Limited

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Intangible assets2660733
Tangible assets3172,961145,520
173,621146,253
CURRENT ASSETS
Stock58,24176,842
Debtors5155,955150,041
Cash at bank and in hand123,023106,890
337,219333,773
CREDITORS: Amounts falling due within one year699,74784,890
NET CURRENT ASSETS237,472248,883
TOTAL ASSETS LESS CURRENT LIABILITIES411,093395,136
CAPITAL AND RESERVES
Called up share capital822
Profit and loss account411,091395,134
SHAREHOLDERS' FUNDS411,093395,136
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25/03/2025 and signed on their behalf by
.............................
Adrian Bridges
Director

Privilege UK Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 20%
Equipmentstraight line 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Privilege UK Limited

2. INTANGIBLE FIXED ASSETS
Computer Software
Total
££
Cost
At 01/07/20232,4502,450
At 30/06/20242,4502,450
Depreciation
At 01/07/20231,7171,717
For the year7373
At 30/06/20241,7901,790
Net Book Amounts
At 30/06/2024660660
At 30/06/2023733733
3. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsEquipmentTotal
££££££
Cost
At 01/07/202392,8011,88380,91511,065787187,451
Additions-4,27554,490--58,765
Disposals--(17,000)--(17,000)
At 30/06/202492,8016,158118,40511,065787229,216
Depreciation
At 01/07/2023-1,15833,9406,04678741,931
Disposals--(11,728)--(11,728)
For the year-1,00024,0481,004-26,052
At 30/06/2024-2,15846,2607,05078756,255
Net Book Amounts
At 30/06/202492,8014,00072,1454,015-172,961
At 30/06/202392,80172546,9755,019-145,520
4. STOCK 20242023
££
Stock comprises:
Stock58,24176,842
58,24176,842

Privilege UK Limited

5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors147,444142,388
Prepayments8,5117,653
155,955150,041
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax14,3167,097
VAT16,79522,822
PAYE control1,2461,665
Directors current account5,0955,626
Directors current account6,6416,249
Payments received on account7923,025
Trade creditors43,54931,111
Accruals11,3137,295
99,74784,890
7. EMPLOYEES
20242023
No.No.
Average number of employees55
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22

Privilege UK Limited

9. PRIOR YEAR ADJUSTMENT
The prior year adjustment is to account for input tax that was overclaimed previously but has now been repaid to HM Revenue & Customs in the current year.