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Registered number: 08342468
NO 1 PREMIER LTD
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
Prepared By:
Speed Consultants Ltd
Licensed Accountant
954 Eastern Avenue
Ilford
Essex
IG2 7JD
NO 1 PREMIER LTD
ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
DIRECTORS
PEREM SIVASAMBO
SIVATHARJINI PEREM
REGISTERED OFFICE
216-220 CHELTENHAM ROAD
BRISTOL
BS6 5QU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08342468
ACCOUNTANTS
Speed Consultants Ltd
Licensed Accountant
954 Eastern Avenue
Ilford
Essex
IG2 7JD
NO 1 PREMIER LTD
ACCOUNTS
FOR THEYEARENDED31/12/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
NO 1 PREMIER LTD
BALANCE SHEET AT 31/12/2024
20242023
Notes££
FIXED ASSETS
Intangible assets2136,306136,306
Tangible assets397,14920,844
233,455157,150
CURRENT ASSETS
Stock158,990151,730
Debtors58,1584,708
Cash at bank and in hand20,45120,687
187,599177,125
CREDITORS: Amounts falling due within one year6239,979173,181
NET CURRENT (LIABILITIES) / ASSETS(52,380)3,944
TOTAL ASSETS LESS CURRENT LIABILITIES181,075161,094
CREDITORS: Amounts falling due after more than one year7104,74091,934
NET ASSETS76,33569,160
CAPITAL AND RESERVES
Called up share capital9100100
Profit and loss account76,23569,060
SHAREHOLDERS' FUNDS76,33569,160
NO 1 PREMIER LTD
BALANCE SHEET AT 31/12/2024
For the year ending 31/12/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/09/2025 and signed on their behalf by
.............................
PEREM SIVASAMBO
Director
.............................
SIVATHARJINI PEREM
Director
NO 1 PREMIER LTD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 20%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
NO 1 PREMIER LTD
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/01/2024136,306136,306
At 31/12/2024136,306136,306
Depreciation
At 31/12/2024--
Net Book Amounts
At 31/12/2024136,306136,306
At 31/12/2023136,306136,306
3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/01/202469,1802,64371,823
Additions100,592-100,592
At 31/12/2024169,7722,643172,415
Depreciation
At 01/01/202449,5881,39150,979
For the year24,03725024,287
At 31/12/202473,6251,64175,266
Net Book Amounts
At 31/12/202496,1471,00297,149
At 31/12/202319,5921,25220,844
4. STOCK 20242023
££
Stock comprises:
Stock158,990151,730
158,990151,730
NO 1 PREMIER LTD
5. DEBTORS 20242023
££
Amounts falling due within one year
VAT3,450-
Prepayments4,7084,708
8,1584,708
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax19,23719,665
VAT-7,570
PAYE control8,5513,951
Salaries and wages control10,18210,131
Bank loans and overdrafts15,16118,028
Director loans73,26950,188
Trade creditors43,78748,489
Other creditors62,62410,824
Accruals7,1684,335
239,979173,181
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr14,47924,479
Loans >1yr59,28556,479
Other creditors > 1yr30,97610,976
104,74091,934
8. EMPLOYEES
20242023
No.No.
Average number of employees1110
NO 1 PREMIER LTD
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100