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REGISTERED NUMBER: 08276276 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

PREMIER ROADMARKINGS LIMITED

PREMIER ROADMARKINGS LIMITED (REGISTERED NUMBER: 08276276)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER ROADMARKINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: J Beamson
R G Elliott
D T Moist
M J Rogan
S M Spur





REGISTERED OFFICE: 131 Salters Lane
Sedgefield
Stockton on Tees
TS21 3EE





REGISTERED NUMBER: 08276276 (England and Wales)





AUDITORS: Momentum Taxation & Accountancy Limited
Statutory Auditor
Harelands Courtyard Offices
Moor Road
Melsonby
Richmond
North Yorkshire
DL10 5NY

PREMIER ROADMARKINGS LIMITED (REGISTERED NUMBER: 08276276)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 603,230 745,858

CURRENT ASSETS
Stocks 137,388 86,356
Debtors 5 1,945,839 1,462,092
Cash at bank 269,834 117,630
2,353,061 1,666,078
CREDITORS
Amounts falling due within one year 6 2,173,219 1,491,856
NET CURRENT ASSETS 179,842 174,222
TOTAL ASSETS LESS CURRENT
LIABILITIES

783,072

920,080

CREDITORS
Amounts falling due after more than
one year

7

(255,303

)

(432,355

)

PROVISIONS FOR LIABILITIES (93,604 ) (96,561 )
NET ASSETS 434,165 391,164

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 434,065 391,064
SHAREHOLDERS' FUNDS 434,165 391,164

PREMIER ROADMARKINGS LIMITED (REGISTERED NUMBER: 08276276)

BALANCE SHEET - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





R G Elliott - Director


PREMIER ROADMARKINGS LIMITED (REGISTERED NUMBER: 08276276)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Premier Roadmarkings 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 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 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.

PREMIER ROADMARKINGS LIMITED (REGISTERED NUMBER: 08276276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 49 (2022 - 29 ) .

PREMIER ROADMARKINGS LIMITED (REGISTERED NUMBER: 08276276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 272,368 1,389,420 1,661,788
Additions - 222,258 222,258
Disposals - (197,059 ) (197,059 )
At 31 October 2023 272,368 1,414,619 1,686,987
DEPRECIATION
At 1 November 2022 36,762 879,168 915,930
Charge for year 6,817 325,054 331,871
Eliminated on disposal - (164,044 ) (164,044 )
At 31 October 2023 43,579 1,040,178 1,083,757
NET BOOK VALUE
At 31 October 2023 228,789 374,441 603,230
At 31 October 2022 235,606 510,252 745,858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,094,142 759,225
Amounts owed by group undertakings 377,698 397,133
Amounts recoverable on contract 433,566 286,398
Other debtors 40,433 19,336
1,945,839 1,462,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,460 93,684
Hire purchase contracts 116,283 117,992
Trade creditors 1,240,020 817,510
Taxation and social security 109,441 100,913
Other creditors 685,015 361,757
2,173,219 1,491,856

PREMIER ROADMARKINGS LIMITED (REGISTERED NUMBER: 08276276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 39,115 61,637
Hire purchase contracts 62,209 154,348
Other creditors 153,979 216,370
255,303 432,355

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 178,492 272,340
Mortgage 61,575 83,376
240,067 355,716

HSBC UK holds the following security:
First legal charge dated 24 June 2016 over Freehold Property known as Former Parsons Container Depot, Salters Lane Industrial Estate, County Durham TS21 3EE.
Unlimited Multilateral Guarantee dated 13 March 2018 given by Premier Traffic Management Limited, Berm Holdings Limited, PTM Holdings Limited and Premier Roadmarkings Limited.
Debenture including fixed charge over all present freehold and leasehold property; First fixed charge over book and other debts, chattel's, goodwill and uncalled capital, both present and future dated 10 April 2013.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Peter Cartwright (Senior Statutory Auditor)
for and on behalf of Momentum Taxation & Accountancy Limited

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is BERM Holdings Limited.