IRIS Accounts Production
v18.3.1.65
07584779
Board of Directors
1.4.17
31.3.18
31.3.18
promotion and sponsorship of sporting activities. In addition to this the company also acts as agents in South America for Data Back Up services and software implementation companies, and provide Business Consultancy services.
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2017-03-31
REGISTERED NUMBER:
07584779
(England and Wales)
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Report of the Directors and
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Unaudited Financial Statements for the Year Ended 31 March 2018
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Report of the Directors
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2
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Notes to the Financial Statements
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5
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DIRECTORS:
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M Mercant Santa Cruz
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SECRETARY:
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AS Sociedades Sin Fronteras SL |
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REGISTERED OFFICE:
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1st Floor, Healthaid House
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REGISTERED NUMBER:
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07584779 (England and Wales)
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ACCOUNTANTS:
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Grant Harrod Lerman Davis LLP
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The directors present their report with the financial statements of the company for the year ended 31 March 2018. |
The directors shown below have held office during the whole of the period from 1 April 2017 to the date of this report.
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
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G M Wild Ceruzzi - Director
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TURNOVER
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11,485,908
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7,532,437
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Cost of sales
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11,338,345
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7,318,691
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GROSS PROFIT
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147,563
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213,746
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Administrative expenses
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89,820
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62,229
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PROFIT BEFORE TAXATION
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57,743
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151,517
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Tax on profit
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10,971
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24,516
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PROFIT FOR THE FINANCIAL YEAR
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46,772
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127,001
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Debtors
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3
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1,138,220
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500,609
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Cash at bank
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148,950
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31,527
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Amounts falling due within one year
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4
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1,141,638
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433,376
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NET CURRENT ASSETS
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145,532
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98,760
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TOTAL ASSETS LESS CURRENT
LIABILITIES
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145,532
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98,760
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Called up share capital
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100
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100
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Retained earnings
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145,432
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98,660
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SHAREHOLDERS' FUNDS
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145,532
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98,760
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The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for:
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(a)
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
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(b)
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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.
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The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
The financial statements were approved by the Board of Directors on
21 November 2018 and were signed on its behalf
by:
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G M Wild Ceruzzi - Director
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Premium Ventures Ltd is a
private company, limited by shares , registered in England and Wales. The company's
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registered number and registered office address can be found on the Company Information page.
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
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Turnover represents income receivable for the year, excluding value added tax. All turnover is attributable to
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Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
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the extent that it relates to items recognised in other comprehensive income or directly in equity.
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Current or deferred taxation assets and liabilities are not discounted.
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
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substantively enacted by the balance sheet date.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
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those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
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have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
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will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
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balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
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the date of transaction. Exchange differences are taken into account in arriving at the operating result.
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3.
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DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Trade debtors
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1,135,973
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499,230
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Other debtors
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2,247
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1,379
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4.
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CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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Trade creditors
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1,089,791
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367,984
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Taxation and social security
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10,971
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24,516
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Other creditors
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40,876
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40,876
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5.
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RELATED PARTY DISCLOSURES
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Throughout the period the company was under the control of the directors by virtue of their shareholdings. At 31
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March 2018 the balance owing to the directors on their accounts amounted to £35,026 (2017: £35,026)
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