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Registration number: 12221146

PREMIER C+D LTD

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

PREMIER C+D LTD

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

PREMIER C+D LTD

(Registration number: 12221146)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

2,500

3,000

Tangible assets

5

16,441

13,127

 

18,941

16,127

Current assets

 

Cash at bank and in hand

 

14,486

21,529

Creditors: Amounts falling due within one year

7

(386,956)

(382,065)

Net current liabilities

 

(372,470)

(360,536)

Total assets less current liabilities

 

(353,529)

(344,409)

Creditors: Amounts falling due after more than one year

7

(27,618)

(31,929)

Provisions for liabilities

(5,834)

(5,834)

Net liabilities

 

(386,981)

(382,172)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(387,081)

(382,272)

Shareholders' deficit

 

(386,981)

(382,172)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

PREMIER C+D LTD

(Registration number: 12221146)
Balance Sheet as at 30 September 2024

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 23 June 2025
 

.........................................
Mr R S O'Toole
Director

 

PREMIER C+D LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kindom.

The address of its registered office is:
Unit 3G
3 Lyncastle Way
Barleycastle Lane
Warrington
WA4 4ST
England

These financial statements were authorised for issue by the director on 23 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

PREMIER C+D LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% on Reducing Balance

Plant and machinery

25% on Reducing Balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

Over 10 years

 

PREMIER C+D LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 7).

 

PREMIER C+D LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 October 2023

5,000

5,000

At 30 September 2024

5,000

5,000

Amortisation

At 1 October 2023

2,000

2,000

Amortisation charge

500

500

At 30 September 2024

2,500

2,500

Carrying amount

At 30 September 2024

2,500

2,500

At 30 September 2023

3,000

3,000

5

Tangible assets

Motor vehicles
 £

Plant & Machinery
£

Total
£

Cost or valuation

At 1 October 2023

18,789

22,700

41,489

Additions

8,794

-

8,794

At 30 September 2024

27,583

22,700

50,283

Depreciation

At 1 October 2023

12,844

15,518

28,362

Charge for the year

3,685

1,795

5,480

At 30 September 2024

16,529

17,313

33,842

Carrying amount

At 30 September 2024

11,054

5,387

16,441

At 30 September 2023

5,945

7,182

13,127

 

PREMIER C+D LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Debtors

Current

2024
£

2023
£

 

-

-

 

PREMIER C+D LTD

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5,264

160,952

Taxation and social security

 

217,049

161,173

Accruals and deferred income

 

2,850

2,600

Other creditors

 

161,793

57,340

 

386,956

382,065

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

27,618

31,929