Registered number
06798706
Premier Recruitment Derby Ltd
Filleted Accounts
31 January 2025
Premier Recruitment Derby Ltd
Registered number: 06798706
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 375,245 170,690
Current assets
Debtors 4 14,125 462,405
Cash at bank and in hand 76,828 34,695
90,953 497,100
Creditors: amounts falling due within one year 5 (18,249) (133,169)
Net current assets 72,704 363,931
Net assets 447,949 534,621
Capital and reserves
Called up share capital 95 100
Profit and loss account 447,854 534,521
Shareholder's funds 447,949 534,621
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D M Rogers
Director
Approved by the board on 22 October 2025
Premier Recruitment Derby Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not provided
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 52 85
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2024 165,000 29,472 194,472
Additions 206,094 591 206,685
At 31 January 2025 371,094 30,063 401,157
Depreciation
At 1 February 2024 - 23,782 23,782
Charge for the year - 2,130 2,130
At 31 January 2025 - 25,912 25,912
Net book value
At 31 January 2025 371,094 4,151 375,245
At 31 January 2024 165,000 5,690 170,690
4 Debtors 2025 2024
£ £
Trade debtors - 329,119
Other debtors 14,125 133,286
14,125 462,405
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,232 13
Taxation and social security costs 2,031 133,156
Other creditors 14,986 -
18,249 133,169
6 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D M Rogers
Directors Loan Account 5,640 55,326 (51,580) 9,386
5,640 55,326 (51,580) 9,386
7 Controlling party
The company is controlled by the company director, Ms D M Rogers, by virtue of her shareholding.
8 Other information
Premier Recruitment Derby Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Granary Wharf Business Park
Wetmore Road
Burton on Trent
Staffordshire
DE14 1DU
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