Registration number:
Premier Impressions Limited
for the year ended 31 October 2025
Premier Impressions Limited
Contents
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Statement of Financial Position |
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Notes to the Unaudited Financial Statements |
Premier Impressions Limited
(Registration number: 02341125)
Statement of Financial Position
31 October 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
2,217 |
2,217 |
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Share premium reserve |
15,151 |
15,151 |
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Retained earnings |
(7,999) |
35,846 |
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Shareholders' funds |
9,369 |
53,214 |
For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Premier Impressions Limited
(Registration number: 02341125)
Statement of Financial Position
31 October 2025
Approved and authorised by the
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Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the future cash flows and the impact of subsequent events in making their assessment. Based on these assessments and having regard to the resources available, the directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in the financial statements.
Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
over 10 years |
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Office equipment |
over 2 years |
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Freehold property |
10% reducing balance |
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Fixtures and fittings |
15% reducing balance |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand.
Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
Trade debtors
Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and net realisable value.
Trade creditors
Trade creditors are obligations to pay for goods that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
Financial instruments
Classification
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 November 2024 |
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Additions |
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- |
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Disposals |
- |
- |
- |
( |
( |
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At 31 October 2025 |
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Depreciation |
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At 1 November 2024 |
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Charge for the year |
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- |
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Eliminated on disposal |
- |
- |
- |
( |
( |
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At 31 October 2025 |
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Carrying amount |
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At 31 October 2025 |
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At 31 October 2024 |
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Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
Included within the net book value of land and buildings above is £46,749 (2024 - £45,961) in respect of freehold land and buildings.
Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
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Stocks |
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2025 |
2024 |
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Work in progress |
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Other inventories |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
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Prepayments |
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Other debtors |
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Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
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Creditors |
Creditors: amounts falling due within one year
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Note |
2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Loans and borrowings |
- |
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
- |
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Current loans and borrowings
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2025 |
2024 |
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Bank borrowings |
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Other borrowings |
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Related party transactions |
Premier Impressions Limited
Notes to the Unaudited Financial Statements
for the year ended 31 October 2025
Summary of transactions with other related parties