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REGISTERED NUMBER: 06134953 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Premier A/C Services Limited

Premier A/C Services Limited (Registered number: 06134953)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Premier A/C Services Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: N A Collins
M R Overal





SECRETARY:





REGISTERED OFFICE:





REGISTERED NUMBER: 06134953 (England and Wales)





ACCOUNTANTS: Business Bar Associates Limited
Kenilworth
Hambledon Road
Waterlooville
Hampshire
PO7 6NU

Premier A/C Services Limited (Registered number: 06134953)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,910 62,331

CURRENT ASSETS
Stocks 99,670 -
Debtors 5 109,609 213,775
Cash at bank and in hand 12,598 47,250
221,877 261,025
CREDITORS
Amounts falling due within one year 6 228,259 258,618
NET CURRENT (LIABILITIES)/ASSETS (6,382 ) 2,407
TOTAL ASSETS LESS CURRENT LIABILITIES 86,528 64,738

CREDITORS
Amounts falling due after more than one year 7 84,366 63,515
NET ASSETS 2,162 1,223

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 2,042 1,103
2,162 1,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 30 June 2025 and were signed on its behalf by:





M R Overal - Director


Premier A/C Services Limited (Registered number: 06134953)

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

1. STATUTORY INFORMATION

Premier A/C Services 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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 2 (2023 - NIL ) .

Premier A/C Services Limited (Registered number: 06134953)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 142,033
Additions 73,356
Disposals (53,998 )
At 30 September 2024 161,391
DEPRECIATION
At 1 October 2023 79,702
Charge for year 30,970
Eliminated on disposal (42,191 )
At 30 September 2024 68,481
NET BOOK VALUE
At 30 September 2024 92,910
At 30 September 2023 62,331

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 94,536
Additions 70,023
Disposals (14,154 )
At 30 September 2024 150,405
DEPRECIATION
At 1 October 2023 41,244
Charge for year 29,989
Eliminated on disposal (10,795 )
At 30 September 2024 60,438
NET BOOK VALUE
At 30 September 2024 89,967
At 30 September 2023 53,292

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 58,854 36,564
Amounts recoverable on contract - 166,958
Other debtors 50,755 10,253
109,609 213,775

Premier A/C Services Limited (Registered number: 06134953)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts - 168
Hire purchase contracts 20,483 10,862
Trade creditors 98,851 212,999
Taxation and social security 106,925 31,382
Other creditors 2,000 3,207
228,259 258,618

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 53,013 26,646
Other creditors 31,353 36,869
84,366 63,515