Premier Cooling Services Limited - Accounts to registrar (filleted) - small 23.2.5

Premier Cooling Services Limited - Accounts to registrar (filleted) - small 23.2.5

PREMIER COOLING SERVICES LTD - Company Information

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REGISTERED NUMBER: 03037152 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Premier Cooling Services Limited
Premier Cooling Services Limited (Registered number: 03037152)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Cooling Services Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: D Scarborough





REGISTERED OFFICE: 238 Station Road
Addlestone
Surrey
KT15 2PS





REGISTERED NUMBER: 03037152 (England and Wales)





ACCOUNTANTS: CSL Partnership Limited
Chartered Certified Accountants
238 Station Road
Addlestone
Surrey
KT15 2PS
Page 1
Premier Cooling Services Limited (Registered number: 03037152)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 678 887
Investments 5 100 100
778 987

CURRENT ASSETS
Inventories 110,536 104,321
Debtors 6 362,585 334,785
Cash at bank 194,369 79,438
667,490 518,544
CREDITORS
Amounts falling due within one year 7 (315,820 ) (294,313 )
NET CURRENT ASSETS 351,670 224,231
TOTAL ASSETS LESS CURRENT LIABILITIES 352,448 225,218

PROVISIONS FOR LIABILITIES (169 ) (154 )
NET ASSETS 352,279 225,064

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 352,179 224,964
SHAREHOLDERS' FUNDS 352,279 225,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

The notes form part of these financial statements

Page 2 continued...
Premier Cooling Services Limited (Registered number: 03037152)

Balance Sheet - continued
31 March 2023


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 21 December 2023 and were signed by:





D Scarborough - Director


The notes form part of these financial statements

Page 3
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Premier Cooling Services 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.

Revenue
Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Inventories
Inventories 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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

Page 4 continued...
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued

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 5 (2022 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 887 4,101 4,988
Additions 99 - 99
At 31 March 2023 986 4,101 5,087
DEPRECIATION
At 1 April 2022 - 4,101 4,101
Charge for year 308 - 308
At 31 March 2023 308 4,101 4,409
NET BOOK VALUE
At 31 March 2023 678 - 678
At 31 March 2022 887 - 887

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 173,775 226,643
Amounts owed by group undertakings 150,144 60,744
Other debtors 38,666 47,398
362,585 334,785

Page 5 continued...
Premier Cooling Services Limited (Registered number: 03037152)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 206,387 192,704
Amounts owed to group undertakings 67,658 67,658
Taxation and social security 37,064 22,665
Other creditors 4,711 11,286
315,820 294,313

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of J & A Holdings Limited who's registered address is: New Premier House, 47 Nork Way, Banstead, Surrey, SM7 1PB.

Page 6