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Company Registration No. 11855772 (England and Wales)
PREMIER FABRICS LIMITED Unaudited accounts for the year ended 31 July 2024
PREMIER FABRICS LIMITED Unaudited accounts Contents
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PREMIER FABRICS LIMITED Company Information for the year ended 31 July 2024
Director
Muhammad Yunus Patel
Company Number
11855772 (England and Wales)
Registered Office
77 London Street Leicester LE5 3RW United Kingdom
Accountants
Tally Tax Accountants Ltd 40 Ash Tree Road Oadby Leicester LE2 5YB
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PREMIER FABRICS LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,818 
4,694 
Current assets
Inventories
44,510 
101,940 
Debtors
91,208 
108,176 
Cash at bank and in hand
111 
1,929 
135,829 
212,045 
Creditors: amounts falling due within one year
(26,647)
(46,801)
Net current assets
109,182 
165,244 
Net assets
113,000 
169,938 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
112,999 
169,937 
Shareholders' funds
113,000 
169,938 
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 April 2025 and were signed on its behalf by
Muhammad Yunus Patel Director Company Registration No. 11855772
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PREMIER FABRICS LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
PREMIER FABRICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11855772. The registered office is 77 London Street, Leicester, LE5 3RW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
8,400 
2,400 
10,800 
At 31 July 2024
8,400 
2,400 
10,800 
Depreciation
At 1 August 2023
4,959 
1,147 
6,106 
Charge for the year
688 
188 
876 
At 31 July 2024
5,647 
1,335 
6,982 
Net book value
At 31 July 2024
2,753 
1,065 
3,818 
At 31 July 2023
3,441 
1,253 
4,694 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,447 
22,165 
Amounts falling due after more than one year
Other debtors
67,761 
86,011 
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PREMIER FABRICS LIMITED Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
17,227 
27,876 
VAT
2,971 
88 
Trade creditors
4,984 
21,073 
Taxes and social security
467 
565 
Loans from directors
498 
(3,551)
Accruals
500 
750 
26,647 
46,801 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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