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REGISTERED NUMBER: 03637866 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

Premier Marketing & Distribution Limited

Premier Marketing & Distribution Limited (Registered number: 03637866)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


Premier Marketing & Distribution Limited (Registered number: 03637866)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 12,483 18,724
Investments 6 9,433 9,433
21,916 28,157

CURRENT ASSETS
Debtors 7 626,789 676,051
Cash at bank and in hand 362,723 643,729
989,512 1,319,780
CREDITORS
Amounts falling due within one year 8 161,637 147,495
NET CURRENT ASSETS 827,875 1,172,285
TOTAL ASSETS LESS CURRENT
LIABILITIES

849,791

1,200,442

CREDITORS
Amounts falling due after more than one year 9 150,903 194,519
NET ASSETS 698,888 1,005,923

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 698,886 1,005,921
SHAREHOLDERS' FUNDS 698,888 1,005,923

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 31 July 2025 and were signed by:





M Cohen - Director


Premier Marketing & Distribution Limited (Registered number: 03637866)

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


1. STATUTORY INFORMATION

Premier Marketing & Distribution Ltd is a private company, limited by shares, registered in England and Wales. The registered office of the company is 5 North End Road, London, NW11 7RJ and the registered number of the company is 03637866.

2. STATEMENT OF COMPLIANCE

The 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 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to nearest £.

The financial statements has been prepared on going concern basis, under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value.

Preparation of consolidated financial statements
The financial statements contain information about Premier Marketing & Distribution Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net value of goods sold to customers excluding VAT. The net value takes into account trade discounts, settlement discounts & rebates.

Revenue from sale of goods is recognized when significant risks & rewards of ownership has been transferred to the buyer (on despatch of goods, the amount of revenue can be measured reliably, it is probable that the economic benefit associated with the transaction will flow to the entity).

Revenue from provision of services is recognised when it is probable that economic benefit will flow to the entity and the revenue and costs can be reliably measured.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less heir residual values over their useful lives on the following bases:

Plant and Machinery 25% straight-line basis
Fixtures and Fittings 20% straight-line basis
Motor Vehicles 25% written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Premier Marketing & Distribution Limited (Registered number: 03637866)

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


3. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial Instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence of the foreseeable future. The validity of this assumption is dependent upon the continued support of the director, related companies and trade creditors.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

Premier Marketing & Distribution Limited (Registered number: 03637866)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 January 2024
and 31 December 2024 50,497 28,389 108,294 187,180
DEPRECIATION
At 1 January 2024 50,497 28,389 89,570 168,456
Charge for year - - 6,241 6,241
At 31 December 2024 50,497 28,389 95,811 174,697
NET BOOK VALUE
At 31 December 2024 - - 12,483 12,483
At 31 December 2023 - - 18,724 18,724

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2024
and 31 December 2024 9,433
NET BOOK VALUE
At 31 December 2024 9,433
At 31 December 2023 9,433

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Renful Premier Technologies Ltd
Registered office: 53/9 Sokolov Street Ramat Hashron Israel
Nature of business: Aviation security & consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£ £
Aggregate capital and reserves 44,564 8,518
Profit for the year 36,631 1,952

Premier Marketing & Distribution Limited (Registered number: 03637866)

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


6. FIXED ASSET INVESTMENTS - continued

Renful Systems Ltd
Registered office: Bajza utca 68 fszt. Budapest 1062 Hungary
Nature of business: Aviation security & consultancy
%
Class of shares: holding
Ordinary 100.00
31.12.24 31.12.23
£ £
Aggregate capital and reserves 28,283 (6,268 )
Profit/(loss) for the year 25,305 (7,436 )

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Trade debtors 287,049 251,740
Other debtors 339,740 424,311
626,789 676,051

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£ £
Hire purchase contracts (see note 10) - 4,471
Trade creditors 81,408 88,871
Taxation and social security 30,545 23,321
Other creditors 49,684 30,832
161,637 147,495

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£ £
Hire purchase contracts (see note 10) - 12,635
Other creditors 150,903 181,884
150,903 194,519

10. LEASING AGREEMENTS

Operating Leases

The operating lease represents rentals payable by the company for the properties utilized by the business owned by its director.

At the reporting date the company has outstanding commitment for future minimum lease payments under non cancellable operating lease as follows:-

Premier Marketing & Distribution Limited (Registered number: 03637866)

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


10. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
31.12.24 31.12.23
£ £
Within one year 32,000 32,000
Between one and five years 48,000 80,000
80,000 112,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £ £
2 Ordinary £1 2 2

12. RESERVES
Retained
earnings
£

At 1 January 2024 1,005,921
Deficit for the year (262,035 )
Dividends (45,000 )
At 31 December 2024 698,886

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

As the income statement and director's report has been omitted from the filing copy of the financial statements, the following information in relation to audit report on statutory financial statements is provided in accordance with S444(5B) of the Companies Act 2006.

The auditor's report was unqualified.

F Martin FCA (Senior Statutory Auditor)

for and behalf of Martin+Heller

14. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The total amount paid by the company towards the pension scheme was £13,982 (2023- £11,062).

Premier Marketing & Distribution Limited (Registered number: 03637866)

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


15. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£ £
M Cohen
Balance outstanding at start of year 105,184 121,058
Amounts repaid (5,018 ) (15,874 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 100,166 105,184

The maximum amounts outstanding on the respective loan during the year was £110,058 The loan is unsecured and repayable on demand. Interest totalling £4,083 has been charged on the above loan.

16. RELATED PARTY DISCLOSURES

Transactions:

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions entered into between two or more members of a group where the wholly owned subsidiary is a party to the transaction.

17. POST BALANCE SHEET EVENTS

As per the management accounts presented by the company for the next year, the company remains profitable.

The company intends to continue to focus on strengthening its financial performance in the industry by providing responsive and reliable service to the client.

18. ULTIMATE CONTROLLING PARTY

The controlling party is M Cohen.