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REGISTERED NUMBER: 02612866 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2022 to 31 August 2023

for

Premier Pipeline Supplies Limited

Premier Pipeline Supplies Limited (Registered number: 02612866)

Contents of the Financial Statements
for the Period 1 July 2022 to 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Premier Pipeline Supplies Limited

Company Information
for the Period 1 July 2022 to 31 August 2023







DIRECTORS: R N Womersley
D Hartley





SECRETARY:





REGISTERED OFFICE: Unit 25 Grove Mills
Elland Lane
Elland
West Yorkshire
HX5 9DZ





REGISTERED NUMBER: 02612866 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Premier Pipeline Supplies Limited (Registered number: 02612866)

Balance Sheet
31 August 2023

31.8.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,355 153,493

CURRENT ASSETS
Stocks 541,032 533,700
Debtors 5 1,697,500 1,052,580
Cash at bank and in hand 670,929 1,039,748
2,909,461 2,626,028
CREDITORS
Amounts falling due within one year 6 1,037,023 900,973
NET CURRENT ASSETS 1,872,438 1,725,055
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,930,793

1,878,548

CREDITORS
Amounts falling due after more than one year 7 - (39,690 )

PROVISIONS FOR LIABILITIES 8 (14,589 ) (29,164 )
NET ASSETS 1,916,204 1,809,694

CAPITAL AND RESERVES
Called up share capital 162 108
Retained earnings 1,916,042 1,809,586
SHAREHOLDERS' FUNDS 1,916,204 1,809,694

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:




R N Womersley - Director


Premier Pipeline Supplies Limited (Registered number: 02612866)

Notes to the Financial Statements
for the Period 1 July 2022 to 31 August 2023


1. STATUTORY INFORMATION

Premier Pipeline Supplies 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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, in favour of the two directors. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 18 (2022 - 18 ) .

Premier Pipeline Supplies Limited (Registered number: 02612866)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 August 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 56,717 59,543 215,307 24,375 355,942
Disposals - - (134,184 ) - (134,184 )
At 31 August 2023 56,717 59,543 81,123 24,375 221,758
DEPRECIATION
At 1 July 2022 35,067 55,303 93,060 19,019 202,449
Charge for period 3,789 742 13,640 1,492 19,663
Eliminated on disposal - - (58,709 ) - (58,709 )
At 31 August 2023 38,856 56,045 47,991 20,511 163,403
NET BOOK VALUE
At 31 August 2023 17,861 3,498 33,132 3,864 58,355
At 30 June 2022 21,650 4,240 122,247 5,356 153,493

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 30.6.22
£    £   
Trade debtors 1,128,051 1,045,519
A-One Tools Holdings Limited 558,021 -
Prepayments 11,428 7,061
1,697,500 1,052,580

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 30.6.22
£    £   
Hire purchase contracts - 24,681
Trade creditors 627,220 498,354
Tax 264,267 251,205
Social security and other taxes 12,670 11,240
VAT 76,386 81,428
Directors' loan accounts - 32,065
Accrued expenses 56,480 2,000
1,037,023 900,973

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 30.6.22
£    £   
Hire purchase contracts - 39,690

8. PROVISIONS FOR LIABILITIES
31.8.23 30.6.22
£    £   
Deferred tax
Accelerated Capital Allowances 14,589 29,164

Premier Pipeline Supplies Limited (Registered number: 02612866)

Notes to the Financial Statements - continued
for the Period 1 July 2022 to 31 August 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 29,164
Deferred Tax (14,575 )
Balance at 31 August 2023 14,589

9. RELATED PARTY DISCLOSURES

The ultimate controlling company is A-One Tools Holding Limited.