Premier Sports Solutions Limited - Accounts to registrar (filleted) - small 18.2

Premier Sports Solutions Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05504926 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2019

FOR

PREMIER SPORTS SOLUTIONS LIMITED

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER SPORTS SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 July 2019







DIRECTOR: R J Clark





SECRETARY: R J Clark





REGISTERED OFFICE: Suite 2
Fountain House
1a Elm Park
Stanmore
Middlesex
HA7 4AU





REGISTERED NUMBER: 05504926 (England and Wales)





ACCOUNTANTS: Donald Jacobs & Partners
CHARTERED ACCOUNTANTS
Suite 2, Fountain House
1a Elm Park
Stanmore
Middlesex
HA7 4AU

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

BALANCE SHEET
31 July 2019

31.7.19 31.7.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 342,631 345,121

CURRENT ASSETS
Stocks 126,750 134,500
Debtors 5 355,603 318,205
Investments 6 12,500 12,500
Cash at bank 38,826 -
533,679 465,205
CREDITORS
Amounts falling due within one year 7 257,146 196,212
NET CURRENT ASSETS 276,533 268,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,164

614,114

CREDITORS
Amounts falling due after more than one year 8 (113,316 ) (143,093 )

PROVISIONS FOR LIABILITIES (22,367 ) (22,367 )
NET ASSETS 483,481 448,654

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 78,394 78,394
Retained earnings 404,987 370,160
SHAREHOLDERS' FUNDS 483,481 448,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

BALANCE SHEET - continued
31 July 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 16 December 2019 and were signed by:





R J Clark - Director


PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2019

1. STATUTORY INFORMATION

Premier Sports Solutions Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided, see note below
Office furniture & equipments - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 5 ) .

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2019

4. TANGIBLE FIXED ASSETS
Office
Freehold furniture Computer
property & equipments equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 August 2018
and 31 July 2019 335,200 40,316 1,978 377,494
DEPRECIATION
At 1 August 2018 - 30,523 1,850 32,373
Charge for year - 2,448 42 2,490
At 31 July 2019 - 32,971 1,892 34,863
NET BOOK VALUE
At 31 July 2019 335,200 7,345 86 342,631
At 31 July 2018 335,200 9,793 128 345,121

Cost or valuation at 31 July 2019 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 35,200 - 35,200
Cost 300,000 42,294 342,294
335,200 42,294 377,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.19 31.7.18
£    £   
Other debtors 355,603 318,205

6. CURRENT ASSET INVESTMENTS
31.7.19 31.7.18
£    £   
Unlisted investments 12,500 12,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.19 31.7.18
£    £   
Bank loans and overdrafts 134,770 121,430
Taxation and social security 112,184 65,251
Other creditors 10,192 9,531
257,146 196,212

PREMIER SPORTS SOLUTIONS LIMITED (REGISTERED NUMBER: 05504926)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2019

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.19 31.7.18
£    £   
Bank loans 113,316 143,093

9. RESERVES
Revaluation
reserve
£   
At 1 August 2018
and 31 July 2019 78,394