Company Registration No. SC638302 (Scotland)
Premo Group Ltd
Unaudited accounts
for the year ended 31 August 2024
Premo Group Ltd
Unaudited accounts
Contents
Premo Group Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
188,511
27,593
Cash at bank and in hand
101,280
67,347
Creditors: amounts falling due within one year
(190,465)
(102,014)
Net current assets
65,096
80,949
Total assets less current liabilities
253,607
108,542
Creditors: amounts falling due after more than one year
(84,136)
(18,463)
Called up share capital
2
2
Profit and loss account
169,469
90,077
Shareholders' funds
169,471
90,079
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2025 and were signed on its behalf by
M Tivatyi
Director
Company Registration No. SC638302
Premo Group Ltd
Notes to the Accounts
for the year ended 31 August 2024
Premo Group Ltd is a private company, limited by shares, registered in Scotland, registration number SC638302. The registered office is Unit 18 John Player Building, Stirling Enterprise Park, Stirling, FK7 7RP, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
44,106
-
44,106
Additions
188,843
6,500
195,343
At 31 August 2024
232,949
6,500
239,449
At 1 September 2023
16,513
-
16,513
Charge for the year
33,468
957
34,425
At 31 August 2024
49,981
957
50,938
At 31 August 2024
182,968
5,543
188,511
At 31 August 2023
27,593
-
27,593
Amounts falling due within one year
Accrued income and prepayments
154,281
-
Premo Group Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,973
10,156
Obligations under finance leases and hire purchase contracts
29,561
-
Trade creditors
3,500
4,750
Taxes and social security
117,780
71,949
Other creditors
4,192
15,159
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
75,891
-
8
Average number of employees
During the year the average number of employees was 36 (2023: 25).