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REGISTERED NUMBER: 05504926 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

PREMIER SPORTS SOLUTIONS LIMITED

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER SPORTS SOLUTIONS LIMITED

COMPANY INFORMATION
For The Year Ended 31 July 2024







DIRECTOR: Mr R Clark





SECRETARY: Mr R Clark





REGISTERED OFFICE: c/o BAND
111 Charterhouse Street
London
EC1M 6AW





REGISTERED NUMBER: 05504926 (England and Wales)





ACCOUNTANTS: BAND Advisory Group Limited
111 Charterhouse Street
London
EC1M 6AW

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 542,038 107,116
Investments 5 - 12,500
542,038 119,616

CURRENT ASSETS
Stocks 6 50,000 50,000
Debtors 7 579,029 713,802
Cash at bank 587,955 301,588
1,216,984 1,065,390
CREDITORS
Amounts falling due within one year 8 393,188 333,312
NET CURRENT ASSETS 823,796 732,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,365,834

851,694

CREDITORS
Amounts falling due after more than one
year

9

352,317

-
NET ASSETS 1,013,517 851,694

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 1,013,417 851,594
SHAREHOLDERS' FUNDS 1,013,517 851,694

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

BALANCE SHEET - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 April 2025 and were signed by:





Mr R Clark - Director


PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 July 2024


1. STATUTORY INFORMATION

Premier Sports Solutions 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.

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
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% on reducing balance
Computer equipment 33% on reducing balance
Motor Vehicles 20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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 Income Statement, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 8 ) .

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 154,096 55,946 6,029 216,071
Additions - 577,250 - 577,250
At 31 July 2024 154,096 633,196 6,029 793,321
DEPRECIATION
At 1 August 2023 92,922 11,189 4,844 108,955
Charge for year 15,294 126,639 395 142,328
At 31 July 2024 108,216 137,828 5,239 251,283
NET BOOK VALUE
At 31 July 2024 45,880 495,368 790 542,038
At 31 July 2023 61,174 44,757 1,185 107,116

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 August 2023 12,500
Disposals (12,500 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 12,500

6. STOCKS
2024 2023
£    £   
Stocks 50,000 50,000

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 579,029 529,813
Other debtors - 183,989
579,029 713,802

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 31,818 58,137
Tax 108,873 108,012
Social security and other taxes 12,140 16,515
VAT 20,635 5,681
Other creditors 13,942 31,046
Directors' current accounts 1,280 9,421
Accrued expenses 204,500 104,500
393,188 333,312

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 352,317 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 384,135 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 July 2024


12. RESERVES
Retained
earnings
£   

At 1 August 2023 851,594
Profit for the year 274,423
Dividends (112,600 )
At 31 July 2024 1,013,417

13. RELATED PARTY DISCLOSURES

PREMIER SPORTS CUSTOMS LIMITED

At the balance sheet date the Company was owed £149,294 (2023: 182,260) from Premier Sports Customs Limited, a company under common control.

PSS HOLDINGS LIMITED

At the balance sheet date the Company was owed £429,735 (2023: £347,553) from PSS Holdings Limited, a company under common control.

During the year the company entered into an Omnibus Guarantee and Set Off Agreement with PSS Holdings and Lloyds Bank Plc.

DIRECTORS ADVANCES AND CREDITS

At the balance sheet date the Company owed the Director £1,280 (2023: £9,421). This balance is interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Clark.