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COMPANY REGISTRATION NUMBER: 11345646
Premier Performance CZ Limited
Filleted Unaudited Financial Statements
For the year ended
30 June 2024
Premier Performance CZ Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
Premier Performance CZ Limited
Officers and Professional Advisers
DIRECTOR
C Zanna
COMPANY SECRETARY
C Zanna
REGISTERED OFFICE
Unit 19
Colworth Park
Sharnbrook
Bedford
MK44 1LQ
ACCOUNTANTS
Streets
Chartered Accountants
Potton House
Wyboston Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
BANKERS
Lloyds Bank
Spindles Town Square Shopping Centre
16 Market Place
Oldham
OL1 1JG
Premier Performance CZ Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
536,297
229,438
Current assets
Stocks
21,578
20,954
Debtors
6
674,717
151,785
Cash at bank and in hand
252,126
794,126
---------
---------
948,421
966,865
Creditors: amounts falling due within one year
7
217,849
151,421
---------
---------
Net current assets
730,572
815,444
------------
------------
Total assets less current liabilities
1,266,869
1,044,882
Creditors: amounts falling due after more than one year
8
317,283
Provisions
Taxation including deferred tax
80,478
57,360
------------
------------
Net assets
869,108
987,522
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
869,008
987,422
---------
---------
Shareholders funds
869,108
987,522
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Premier Performance CZ Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 29 July 2025 , and are signed on behalf of the board by:
C Zanna
Director
Company registration number: 11345646
Premier Performance CZ Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 19, Colworth Park, Sharnbrook, Bedford, MK44 1LQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
5% - 25% on reducing balance per annum
Fixtures and fittings
-
25% on reducing balance per annum
Motor vehicles
-
25% on reducing balance per annum
Computer equipment
-
33% straight line per annum
Website
-
33% straight line per annum
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution pension plans
Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided. In addition pension payments are made on behalf of the company director to an independent pension fund. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2023: 10 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
Website
Total
£
£
£
£
£
£
Cost
At 1 Jul 2023
229,351
469
18,254
17,297
265,371
Additions
634,570
4,999
68,500
748
708,817
Disposals
( 374,540)
( 374,540)
---------
-------
--------
--------
--------
---------
At 30 Jun 2024
489,381
5,468
68,500
19,002
17,297
599,648
---------
-------
--------
--------
--------
---------
Depreciation
At 1 Jul 2023
16,380
321
2,632
16,600
35,933
Charge for the year
10,868
950
15,698
5,690
697
33,903
Disposals
( 6,485)
( 6,485)
---------
-------
--------
--------
--------
---------
At 30 Jun 2024
20,763
1,271
15,698
8,322
17,297
63,351
---------
-------
--------
--------
--------
---------
Carrying amount
At 30 Jun 2024
468,618
4,197
52,802
10,680
536,297
---------
-------
--------
--------
--------
---------
At 30 Jun 2023
212,971
148
15,622
697
229,438
---------
-------
--------
--------
--------
---------
Included in tangible fixed assets are assets with a net book value of £500,535 (2023: £nil) relating to assets held under finance leases or hire purchase agreements. The depreciation charged in the year in respect of the assets held under finance leases or hire purchase agreements amounted to £21,365 (2023: £nil).
6. Debtors
2024
2023
£
£
Trade debtors
30,790
18,522
Amounts owed by group undertakings and undertakings in which the company has a participating interest
100
100
Other debtors
643,827
133,163
---------
---------
674,717
151,785
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
42,216
136,314
Social security and other taxes
61,417
1,986
Other creditors
114,216
13,121
---------
---------
217,849
151,421
---------
---------
Other creditors include liabilities under hire purchase and finance lease agreements totalling £99,503 (2023 £NIL). These liabilities are secured on the assets concerned.
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
317,283
---------
----
Other creditors include liabilities under hire purchase and finance lease agreements totalling £317,283 (2023 £NIL). These liabilities are secured on the assets concerned.
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
2024
2023
£
£
Included in provisions
80,478
57,360
--------
--------
The deferred tax account consists of the tax effect of timing differences in respect of:
2024
2023
£
£
Accelerated capital allowances
134,074
57,360
Unused tax losses
( 53,596)
---------
--------
80,478
57,360
---------
--------
10. Capital commitments
Capital expenditure contracted for but not provided for in the financial statements is as follows:
2024
2023
£
£
Tangible assets
387,290
----
---------
11. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
27,982
31,488
--------
--------
12. Director's advances, credits and guarantees
The director maintains a loan account with the company. At the beginning of the year the director owed the company £61,557 (2023 £14,022 - owed the director). During the year there were advances of £264,855 (2023 £156,236) and repayments of £89,727 (2023 £80,657). At the reporting date the director owed the company £236,685 (2023 £61,557). Included in advances in the year was interest charged totalling £3,585 (2023 £1,530) and no amounts were written off.
13. Controlling party
During 2023 PPCZ (Holdings) Limited became the 100% parent company. The company is incorporated in England and Wales, with the Registered Office being Unit 19 Colworth Park, Sharnbrook, Bedford, United Kingdom, MK44 1LQ. The ultimate controlling party is Ms C Zanna .