|
PREMIER BOWLFEEDERS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is PCE Automation Limited, Ellough Airfield, Ellough, Beccles, Suffolk, NR34 7TE, United Kingdom.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
|
|
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
The immediate parent company is PCE Automation Limited, and the ultimate parent company is PCE Group Limited. Both of these companies are registered in England and Wales and the address of the registered office is Ellough Road, Ellough, Beccles, Suffolk, NR34 7TE.
The controlling party is J B Cook by virtue of his controlling interest in the ultimate parent company.
|