2023-09-01 04048870 2024-08-31 04048870 2023-09-01 2024-08-31 04048870 2023-08-31 04048870 2022-09-01 2023-08-31 04048870 uk-core:WithinOneYear 2023-08-31 04048870 uk-core:WithinOneYear 2024-08-31 04048870 uk-core:AfterOneYear 2023-08-31 04048870 uk-core:AfterOneYear 2024-08-31 04048870 uk-core:ShareCapital 2024-08-31 04048870 uk-core:ShareCapital 2023-08-31 04048870 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 04048870 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 04048870 uk-bus:Director1 2023-09-01 2024-08-31 04048870 uk-core:NetGoodwill 2023-09-01 2024-08-31 04048870 uk-core:PlantMachinery 2023-09-01 2024-08-31 04048870 uk-core:OfficeEquipment 2023-09-01 2024-08-31 04048870 uk-core:MotorVehicles 2023-09-01 2024-08-31 04048870 uk-core:OfficeEquipment 2023-08-31 04048870 uk-core:FurnitureFittings 2023-08-31 04048870 uk-core:MotorVehicles 2023-08-31 04048870 uk-core:PlantMachinery 2023-08-31 04048870 uk-core:FurnitureFittings 2023-09-01 2024-08-31 04048870 uk-core:MotorVehicles 2024-08-31 04048870 uk-core:FurnitureFittings 2024-08-31 04048870 uk-core:OfficeEquipment 2024-08-31 04048870 uk-core:PlantMachinery 2024-08-31 04048870 uk-core:AfterOneYear uk-core:Secured 2024-08-31 04048870 uk-core:AfterOneYear uk-core:Secured 2023-08-31 iso4217:GBP xbrli:pure 04048870 uk-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 04048870 uk-bus:FRS102 2023-09-01 2024-08-31 04048870 uk-bus:FilletedAccounts 2023-09-01 2024-08-31 04048870 uk-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31
PREMIER SERVICES MIDLANDS LTD
Registered Number:04048870
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2024
PREMIER SERVICES MIDLANDS LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
04048870
As at 31 August 2024
PREMIER SERVICES MIDLANDS LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
498,918
438,287
2
498,918
438,287
Current assets
Trade and other receivables
76,600
51,719
3
175,004
Cash and cash equivalents
198,471
250,190
251,604
Trade and other payables: amounts falling due within one
year
(54,976)
(56,756)
4
196,628
193,434
Net current assets
Total assets less current liabilities
692,352
634,915
Trade and other payables: amounts falling due after more
than one year
(65,860)
(83,723)
5
608,629
Net assets
569,055
Capital and reserves
Called up share capital
100
100
Retained earnings
608,529
568,955
608,629
569,055
Shareholders' funds
For the year ended 31 August 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 of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
PAULA JONES Director
These financial statements were approved and authorised for issue by the Board on 22 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 August 2024
PREMIER SERVICES MIDLANDS LTD
Notes to the Financial Statements
Statutory Information
PREMIER SERVICES MIDLANDS LTD is a private limited company, limited by shares, domiciled in England and
Wales, registration number 04048870.
Principal place of business:
10 HAGLEY ROAD
STOURBRIDGE
WEST MIDLANDS
DY8 1PS
Registered address:
10 HAGLEY ROAD
STOURBRIDGE
WEST MIDLANDS
DY8 1PS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2 of 4
5
For the year ended 31 August 2024
PREMIER SERVICES MIDLANDS LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 September 2023
934,402
8,316
41,900
40,544
843,642
222,358
1,514
2,000
-
218,844
Additions
-
-
-
(72,339)
Disposals
(72,339)
At 31 August 2024
40,544
43,900
9,830
1,084,421
990,147
Provision for depreciation and impairment
At 01 September 2023
496,115
6,155
-
34,655
455,305
Charge for year
110,828
919
-
1,473
108,436
(21,440)
-
-
-
(21,440)
On disposal
At 31 August 2024
585,503
7,074
-
36,128
542,301
At 31 August 2024
Net book value
447,846
4,416
43,900
2,756
498,918
At 31 August 2023
388,337
5,889
41,900
2,161
438,287
3. Trade and other receivables
2023
2024
£
£
Trade debtors
24,546
55,459
Other debtors
27,173
21,141
76,600
51,719
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
5,219
14,970
Taxation and social security
48,591
37,060
Other creditors
2,946
2,946
56,756
54,976
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6
For the year ended 31 August 2024
PREMIER SERVICES MIDLANDS LTD
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
18,333
28,333
Other creditors
65,390
37,527
83,723
65,860
6. Average number of persons employed
During the year the average number of employees was 20 (2023 : 14)
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