Company Registration No. 10654331 (England and Wales)
Premier Commercial Investments Ltd
Unaudited accounts
for the year ended 31 March 2023
Premier Commercial Investments Ltd
Unaudited accounts
Contents
Premier Commercial Investments Ltd
Company Information
for the year ended 31 March 2023
Directors
Tajwinder Ranu
Kuldip Dosanjh
Amrick Helaith
Company Number
10654331 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Premier Commercial Investments Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
655,274
655,274
Cash at bank and in hand
20
213
Creditors: amounts falling due within one year
(957,116)
(872,627)
Net current liabilities
(949,969)
(865,587)
Total assets less current liabilities
(294,695)
(210,313)
Creditors: amounts falling due after more than one year
(43,478)
(46,411)
Net liabilities
(338,173)
(256,724)
Called up share capital
100
100
Profit and loss account
(338,273)
(256,824)
Shareholders' funds
(338,173)
(256,724)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 March 2024 and were signed on its behalf by
Tajwinder Ranu
Director
Company Registration No. 10654331
Premier Commercial Investments Ltd
Notes to the Accounts
for the year ended 31 March 2023
Premier Commercial Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10654331. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Held at cost
The accounts have been prepared on a going concern basis as the Directors have indicated they will continue to provide financial support.
4
Tangible fixed assets
Land & buildings
Premier Commercial Investments Ltd
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Amounts due from group undertakings etc.
300
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
2,958
307,331
Other creditors
760,313
376,577
Loans from directors
191,563
186,893
The bank loan is secured by a fixed and floating charge over the assets of the company.
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
