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REGISTERED NUMBER: 03827086 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PREMIER COMPUTERS & IMAGING LIMITED

PREMIER COMPUTERS & IMAGING LIMITED (REGISTERED NUMBER: 03827086)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER COMPUTERS & IMAGING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: D W Jones
D J Jones





SECRETARY: D W Jones





REGISTERED OFFICE: 59 Sefton Road
Dosthill
Tamworth
Staffordshire
B77 1PN





REGISTERED NUMBER: 03827086 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

PREMIER COMPUTERS & IMAGING LIMITED (REGISTERED NUMBER: 03827086)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,698 10,435

CURRENT ASSETS
Stocks 7,400 7,400
Debtors 5 27,789 38,098
Cash at bank 21,723 58,990
56,912 104,488
CREDITORS
Amounts falling due within one year 6 14,753 25,949
NET CURRENT ASSETS 42,159 78,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

74,857

88,974

PROVISIONS FOR LIABILITIES 7,302 1,581
NET ASSETS 67,555 87,393

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 67,255 87,093
SHAREHOLDERS' FUNDS 67,555 87,393

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PREMIER COMPUTERS & IMAGING LIMITED (REGISTERED NUMBER: 03827086)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





D W Jones - Director


PREMIER COMPUTERS & IMAGING LIMITED (REGISTERED NUMBER: 03827086)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Premier Computers & Imaging Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 15% reducing balance
Computer equipment - 33% reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES

The average number of employees during the year was 2 (2023 - 2 ) .

PREMIER COMPUTERS & IMAGING LIMITED (REGISTERED NUMBER: 03827086)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 10,190 1,296 2,550 37,248 51,284
Additions - - 8,393 23,642 32,035
At 30 September 2024 10,190 1,296 10,943 60,890 83,319
DEPRECIATION
At 1 October 2023 6,107 966 1,947 31,829 40,849
Charge for year 613 66 1,045 8,048 9,772
At 30 September 2024 6,720 1,032 2,992 39,877 50,621
NET BOOK VALUE
At 30 September 2024 3,470 264 7,951 21,013 32,698
At 30 September 2023 4,083 330 603 5,419 10,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,140 37,481
Other debtors 649 617
27,789 38,098

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,032 667
Taxation and social security 7,511 14,359
Other creditors 6,210 10,923
14,753 25,949

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
300 Ordinary £1 300 300

8. RELATED PARTY DISCLOSURES

Transactions with key management personnel:
20242023
££
Amount due to related parties3,1026,658