Premier Carewaiting Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07051246 (England and Wales)

Financial Statements for the Year Ended 31 October 2022

for

Premier Carewaiting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A Acheampong

REGISTERED OFFICE:

Olympic House

28-42 Clements Road

Ilford

Essex

IG1 1BA

REGISTERED NUMBER:

07051246 (England and Wales)

ACCOUNTANTS:

AS Associates

Chartered Certified Accountants

11A, Empire Parade

Empire Way

Wembley

Middlesex

HA9 0RQ

FIXED ASSETS

Tangible assets

4

45,606

13,258

CURRENT ASSETS

Debtors

5

149,587

142,662

Cash at bank and in hand

(6,445

)

28,850

143,142

171,512

CREDITORS

Amounts falling due within one year

6

7,194

18,188

NET CURRENT ASSETS

135,948

153,324

TOTAL ASSETS LESS CURRENT LIABILITIES

181,554

166,582

CREDITORS

Amounts falling due after more than one year

7

64,211

52,644

NET ASSETS

117,343

113,938

CAPITAL AND RESERVES

Called up share capital

8

85

100

Retained earnings

9

117,258

113,838

SHAREHOLDERS' FUNDS

117,343

113,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 and authorised for issue on 26 May 2023 and were signed by:

Ms A Acheampong - Director

1.	STATUTORY INFORMATION

Premier Carewaiting 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.

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.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 42 (2021 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

36,796

Additions

35,000

At 31 October 2022

71,796

DEPRECIATION

At 1 November 2021

23,538

Charge for year

2,652

At 31 October 2022

26,190

NET BOOK VALUE

At 31 October 2022

45,606

At 31 October 2021

13,258

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Trade debtors

119,587

142,662

Other debtors

30,000

-

149,587

142,662

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.22

31.10.21

£

£

Bank loans and overdrafts

-

2,086

Trade creditors

-

4,000

Taxation and social security

2,385

11,742

Other creditors

4,809

360

7,194

18,188

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.22

31.10.21

£

£

Bank loans

47,649

50,000

Hire purchase contracts

16,562

2,644

64,211

52,644

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.22

31.10.21

value:

£

£

100

Ordinary share capital

1

85

100

9.

RESERVES

Retained

earnings

£

At 1 November 2021

113,838

Profit for the year

3,420

At 31 October 2022

117,258