1 March 2025 false No description of principal activity Taxfiler 2024.6 10602566 business:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 10602566 2025-02-28 10602566 2025-03-01 2026-02-28 10602566 business:AuditExemptWithAccountantsReport 2025-03-01 2026-02-28 10602566 business:FilletedAccounts 2025-03-01 2026-02-28 10602566 2026-02-28 10602566 2025-02-28 10602566 core:WithinOneYear 2026-02-28 10602566 core:WithinOneYear 2025-02-28 10602566 core:AfterOneYear 2026-02-28 10602566 core:AfterOneYear 2025-02-28 10602566 core:ShareCapital core:PreviouslyStatedAmount 2026-02-28 10602566 core:ShareCapital core:PreviouslyStatedAmount 2025-02-28 10602566 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2026-02-28 10602566 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-02-28 10602566 core:PreviouslyStatedAmount 2026-02-28 10602566 core:PreviouslyStatedAmount 2025-02-28 10602566 business:SmallEntities 2025-03-01 2026-02-28 10602566 business:Director1 2025-03-01 2026-02-28 10602566 countries:EnglandWales 2025-03-01 2026-02-28 10602566 business:RegisteredOffice 2025-03-01 2026-02-28 10602566 core:ComputerEquipment 2025-03-01 2026-02-28 10602566 core:Goodwill 2025-02-28 10602566 core:Goodwill 2026-02-28 10602566 core:MotorVehicles 2025-02-28 10602566 core:ComputerEquipment 2025-02-28 10602566 core:MotorVehicles 2025-03-01 2026-02-28 10602566 core:MotorVehicles 2026-02-28 10602566 core:ComputerEquipment 2026-02-28 10602566 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10602566 (England and Wales)
Premier SME Funding Limited Unaudited accounts for the year ended 28 February 2026
Premier SME Funding Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Premier SME Funding Limited Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
5
3,153
17,839
Current assets
Debtors
6
103,799
68,901
Cash at bank and in hand
72,190
85,609
175,989
154,510
Creditors: amounts falling due within one year
7
(16,185)
(18,301)
Net current assets
159,804
136,209
Total assets less current liabilities
162,957
154,048
Creditors: amounts falling due after more than one year
8
(28,000)
(32,574)
Provisions for liabilities
Deferred tax
(202)
(524)
Net assets
134,755
120,950
Capital and reserves
Called up share capital
1
1
Profit and loss account
134,754
120,949
Shareholders' funds
134,755
120,950
For the year ending 28 February 2026 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 director acknowledges her 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 and authorised for issue on 16 March 2026 and were signed on its behalf by
S Thorpe Director Company Registration No. 10602566
- 3 -
Premier SME Funding Limited Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
Premier SME Funding Limited is a private company, limited by shares, registered in England and Wales, registration number 10602566. The registered office is NM Business Suites, Abacus House, Station Yard, Needham Market, Suffolk, IP6 8AS.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
5 years reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 4 -
Premier SME Funding Limited Notes to the Accounts for the year ended 28 February 2026
4
Intangible fixed assets
Goodwill
£
Cost
At 1 March 2025
1,200
At 28 February 2026
1,200
Amortisation
At 1 March 2025
1,200
At 28 February 2026
1,200
Net book value
At 28 February 2026
-
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 March 2025
27,600
6,261
33,861
Disposals
(27,600)
-
(27,600)
At 28 February 2026
-
6,261
6,261
Depreciation
At 1 March 2025
13,800
2,222
16,022
Charge for the year
-
886
886
On disposals
(13,800)
-
(13,800)
At 28 February 2026
-
3,108
3,108
Net book value
At 28 February 2026
-
3,153
3,153
At 28 February 2025
13,800
4,039
17,839
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Other debtors
6,874
2,966
Amounts falling due after more than one year
Amounts due from group undertakings etc.
96,925
65,935
7
Creditors: amounts falling due within one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
-
4,260
Taxes and social security
15,907
14,014
Loans from directors
278
27
16,185
18,301
- 5 -
Premier SME Funding Limited Notes to the Accounts for the year ended 28 February 2026
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
-
4,574
Amounts owed to group undertakings and other participating interests
28,000
28,000
28,000
32,574
9
Average number of employees
During the year the average number of employees was 1 (2025: 1).
- 6 -