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
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
PREMIER FABRICS LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
3,818
4,694
Inventories
44,510
101,940
Cash at bank and in hand
111
1,929
Creditors: amounts falling due within one year
(26,647)
(46,801)
Net current assets
109,182
165,244
Net assets
113,000
169,938
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
PREMIER FABRICS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 July 2024
2,753
1,065
3,818
At 31 July 2023
3,441
1,253
4,694
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
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
Trade creditors
4,984
21,073
Taxes and social security
467
565
Loans from directors
498
(3,551)
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).