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REGISTERED NUMBER: 04806246 (England and Wales)















Premoden Limited

Unaudited Financial Statements for the Year Ended 31 October 2024






Premoden Limited (Registered number: 04806246)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premoden Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr D S Kerai
Mrs P Kerai





SECRETARY: Mrs P Kerai





REGISTERED OFFICE: NIMO Pharmacy
270 Herbert Avenue
Parkstone Poole
Dorset
BH12 4HY





REGISTERED NUMBER: 04806246 (England and Wales)

Premoden Limited (Registered number: 04806246)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 222,564 257,353
222,565 257,354

CURRENT ASSETS
Stocks 57,495 54,060
Debtors 6 220,305 209,764
Cash at bank and in hand 120,311 134,068
398,111 397,892
CREDITORS
Amounts falling due within one year 7 155,270 168,577
NET CURRENT ASSETS 242,841 229,315
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,406

486,669

CREDITORS
Amounts falling due after more than one
year

8

(250,000

)

(250,000

)

PROVISIONS FOR LIABILITIES (26,635 ) (44,261 )
NET ASSETS 188,771 192,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 188,671 192,308
SHAREHOLDERS' FUNDS 188,771 192,408

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Premoden Limited (Registered number: 04806246)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





Mr D S Kerai - Director


Premoden Limited (Registered number: 04806246)

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

1. STATUTORY INFORMATION

Premoden 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 represents sales value of the goods sold and services provided during the year, net of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Over the term of the lease.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

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.

Premoden Limited (Registered number: 04806246)

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

2. ACCOUNTING POLICIES - continued

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.

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 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 181,680
AMORTISATION
At 1 November 2023
and 31 October 2024 181,679
NET BOOK VALUE
At 31 October 2024 1
At 31 October 2023 1

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 308,121 185,131 493,252
Additions - 4,431 4,431
At 31 October 2024 308,121 189,562 497,683
DEPRECIATION
At 1 November 2023 128,964 106,935 235,899
Charge for year 19,756 19,464 39,220
At 31 October 2024 148,720 126,399 275,119
NET BOOK VALUE
At 31 October 2024 159,401 63,163 222,564
At 31 October 2023 179,157 78,196 257,353

In the opinion of the director, the valuation of land and buildings at the balance sheet represents fair value.

Premoden Limited (Registered number: 04806246)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 169,987 153,887
Other debtors 50,318 55,877
220,305 209,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 125,764 124,196
Taxation and social security 3,113 19,428
Other creditors 26,393 24,953
155,270 168,577

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other creditors 250,000 250,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

In the past, Director and his wife who are the shareholders, made a loan to the company, at commercial rate of interest, to repay loan from the bank. At Balance Sheet date a total of £253,025 (2023: £253,025) is owed to them of which £250,000 (2023: £250,000) is included in the long term liability.

The Company occupies leasehold property, freehold of which is owned by the Director and his wife and paid market rent of £28,800 (2023 £28,800) during the year.

10. ULTIMATE CONTROLLING PARTY

The Company was under control of the director Mr D Kerai by the virtue of his and family's controlling shareholding.