| PREMIER SERVICES MIDLANDS LTD |
| Registered Number:04048870 |
For the year ended 31 August 2024
England and Wales
Unaudited Financial Statements
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
PREMIER SERVICES MIDLANDS LTD
Statement of Financial Position
2023
2024
| Property, plant and equipment |
498,918
438,287
2
498,918
438,287
| 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
100
100
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. |
| 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 |
1 of 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
10 HAGLEY ROAD
STOURBRIDGE
WEST MIDLANDS
DY8 1PS
| The presentation currency is £ sterling. |
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
Computer equipment
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
For the year ended 31 August 2024
PREMIER SERVICES MIDLANDS LTD
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
934,402
8,316
41,900
40,544
843,642
222,358
1,514
2,000
-
218,844
-
-
-
(72,339)
(72,339)
40,544
43,900
9,830
1,084,421
990,147
| Provision for depreciation and impairment |
496,115
6,155
-
34,655
455,305
Charge for year
110,828
919
-
1,473
108,436
(21,440)
-
-
-
(21,440)
585,503
7,074
-
36,128
542,301
447,846
4,416
43,900
2,756
498,918
388,337
5,889
41,900
2,161
438,287
| 3. Trade and other receivables |
2023
2024
24,546
55,459
27,173
21,141
76,600
51,719
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
5,219
14,970
| Taxation and social security |
48,591
37,060
2,946
2,946
56,756
54,976
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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
18,333
28,333
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)
4 of 4