pinacle - Company Accounts (iXBRL 6.0.21)

PREMIER MORPHS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 NOVEMBER 2022

Company Registration Number - 05996902

	1.
PREMIER MORPHS LIMITED
COMPANY NUMBER - 05996902
Balance sheet as at 30 November 2022

2022

2021

Notes

£

£

£

£

FIXED ASSETS
Tangible assets	4		6,960		6,960
Current assets
Stocks		1,100		1,100
Cash at bank and in hand		575		44
		1,675		1,144
Current liabilities
Creditors - Amounts
falling due within one year	5	186,459		184,977
NET CURRENT LIABILITIES			(184,784)		(183,833)
Total assets less current liabilities			(177,824)		(176,873)
CAPITAL AND RESERVES
Called up share capital	6		2		2
Profit and Loss account			(177,826)		(176,875)
Shareholders' funds			(177,824)		(176,873)

These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 30 November 2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

Approved by the board of directors on 14 March 2023
and signed on their behalf by:

	DR D A HILL
	Director

The notes on pages 2 to 3 form an integral part of these accounts.

	2.
PREMIER MORPHS LIMITED
Notes to the Financial Statements
For the year ended 30 November 2022
1. General Information

PREMIER MORPHS LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 05996902.

The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.

2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Other fixed assets - 25% reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Going concern basis of accounting

At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the directors that they will continue to give financial support to the company for twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

3. Employees

The average number employed by the company (including directors) during the year 2022 was 1

and in the previous year 2021 was 1.

	3.
PREMIER MORPHS LIMITED
Notes to the Financial Statements
For the year ended 30 November 2022

4. Fixed assets - tangible

	Plant and
	Machinery
	etc.
Fair value	£
At 1 December 2021	18,986
and 30 November 2022
Depreciation
At 1 December 2021	12,026
At 30 November 2022	12,026
Net book values
At 30 November 2022	6,960
At 1 December 2021	6,960

		2022		2021
		£		£

5. Creditors
Amounts falling due within one year:
Trade creditors	293		160
Director's Current Accounts	186,166		184,817
	186,459		184,977
6. Called up share capital

There was no change in share capital during the year.

Allotted, called up and fully paid
Ordinary shares of £1 each	2		2