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REGISTERED NUMBER: 11034721 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Premier Commercial Garage Services
Ltd

Premier Commercial Garage Services
Ltd (Registered number: 11034721)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Premier Commercial Garage Services
Ltd (Registered number: 11034721)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,720 -

CURRENT ASSETS
Debtors 5 204,165 188,458
Cash at bank and in hand 4,110 9,022
208,275 197,480
CREDITORS
Amounts falling due within one year 6 185,347 178,870
NET CURRENT ASSETS 22,928 18,610
TOTAL ASSETS LESS CURRENT LIABILITIES 51,648 18,610

CREDITORS
Amounts falling due after more than one year 7 (8,334 ) (18,510 )

PROVISIONS FOR LIABILITIES (7,122 ) -
NET ASSETS 36,192 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,092 -
SHAREHOLDERS' FUNDS 36,192 100

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 her 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.

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 director and authorised for issue on 29 April 2025 and were signed by:





Ms C Sharp - Director


Premier Commercial Garage Services
Ltd (Registered number: 11034721)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Premier Commercial Garage Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11034721

Registered office: Firbank Industrial Estate
Dallow Road
Luton
LU1 1TW

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Premier Commercial Garage Services
Ltd (Registered number: 11034721)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 27,742 3,115 30,857
At 31 July 2024 27,742 3,115 30,857
DEPRECIATION
Charge for year 1,382 755 2,137
At 31 July 2024 1,382 755 2,137
NET BOOK VALUE
At 31 July 2024 26,360 2,360 28,720

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 834 1,827
Amounts owed by group undertakings 181,892 186,631
Amounts owed by associates 1,215 -
Other debtors 20,224 -
204,165 188,458

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 124,422 117,107
Taxation and social security 1,523 2,307
Other creditors 49,402 49,456
185,347 178,870

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,334 18,510