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REGISTERED NUMBER: 05382764 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Premier Fluid Solutions Limited

Premier Fluid Solutions Limited (Registered number: 05382764)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Fluid Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J McKittrick





SECRETARY: Filemark Limited





REGISTERED OFFICE: 37-38, Market Street
Ferryhill
Co. Durham
DL17 8JH





REGISTERED NUMBER: 05382764 (England and Wales)





ACCOUNTANTS: Little & Neal
37-38 Market Street
Ferryhill
Co. Durham
DL17 8JH

Premier Fluid Solutions Limited (Registered number: 05382764)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,678 37,627
27,678 37,627

CURRENT ASSETS
Stocks 671,058 620,202
Debtors 6 713,190 623,818
Cash at bank and in hand 356,472 125,194
1,740,720 1,369,214
CREDITORS
Amounts falling due within one year 7 377,710 237,386
NET CURRENT ASSETS 1,363,010 1,131,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,390,688

1,169,455

CAPITAL AND RESERVES
Called up share capital 669 669
Capital redemption reserve 333 333
Retained earnings 1,389,686 1,168,453
SHAREHOLDERS' FUNDS 1,390,688 1,169,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Premier Fluid Solutions Limited (Registered number: 05382764)

Balance Sheet - continued
31 March 2024


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 30 May 2024 and were signed by:





J McKittrick - Director


Premier Fluid Solutions Limited (Registered number: 05382764)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

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 etc - 33% on cost, 25% on cost, 20% on cost and 15% on cost

Stocks
Stocks 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 stocks to their present location and condition.

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 15 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 21,678 3,300 24,978
AMORTISATION
At 1 April 2023
and 31 March 2024 21,678 3,300 24,978
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

Premier Fluid Solutions Limited (Registered number: 05382764)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 283,568
Additions 6,105
Disposals (1,400 )
At 31 March 2024 288,273
DEPRECIATION
At 1 April 2023 245,941
Charge for year 14,771
Eliminated on disposal (117 )
At 31 March 2024 260,595
NET BOOK VALUE
At 31 March 2024 27,678
At 31 March 2023 37,627

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 511,103 431,622
Other debtors 202,087 192,196
713,190 623,818

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 189,357 134,544
Taxation and social security 133,181 73,286
Other creditors 55,172 29,556
377,710 237,386