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REGISTERED NUMBER: 05916776 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 August 2024

for

PLATINUM EXECUTIVE SERVICES LTD

PLATINUM EXECUTIVE SERVICES LTD (REGISTERED NUMBER: 05916776)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PLATINUM EXECUTIVE SERVICES LTD

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S P Usher



SECRETARY: Mrs S Usher



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 05916776 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Lloyds TSB
Birmingham Road
Sutton Coldfield
West Midlands
B72 1QA

PLATINUM EXECUTIVE SERVICES LTD (REGISTERED NUMBER: 05916776)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,610 11,663

CURRENT ASSETS
Debtors 5 1,002 6,219
Cash at bank 4,818 4,709
5,820 10,928
CREDITORS
Amounts falling due within one year 6 2,356 10,749
NET CURRENT ASSETS 3,464 179
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,074

11,842

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8,974 11,742
SHAREHOLDERS' FUNDS 9,074 11,842

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

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 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.

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 19 May 2025 and were signed by:





S P Usher - Director


PLATINUM EXECUTIVE SERVICES LTD (REGISTERED NUMBER: 05916776)

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

1. STATUTORY INFORMATION

Platinum Executive Services Ltd 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 gross invoiced sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2023 4,070 87,275 91,345
Disposals - (48,995 ) (48,995 )
At 31 August 2024 4,070 38,280 42,350
DEPRECIATION
At 1 September 2023 3,446 76,236 79,682
Charge for year 124 1,703 1,827
Eliminated on disposal - (44,769 ) (44,769 )
At 31 August 2024 3,570 33,170 36,740
NET BOOK VALUE
At 31 August 2024 500 5,110 5,610
At 31 August 2023 624 11,039 11,663

PLATINUM EXECUTIVE SERVICES LTD (REGISTERED NUMBER: 05916776)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2023 30,000
Disposals (30,000 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 28,310
Eliminated on disposal (28,310 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 1,690

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 754 2,231
Prepayments 248 3,988
1,002 6,219

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (1 ) 1
Taxation and social security 567 4,485
Other creditors 1,790 6,263
2,356 10,749

7. CALLED UP SHARE CAPITAL

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

8. ULTIMATE CONTROLLING PARTY

The controlling party is S P Usher.