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REGISTERED NUMBER: 11882172 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Premsafe (South) Ltd

Premsafe (South) Ltd (Registered number: 11882172)






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

Report of the Accountants 7

Premsafe (South) Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr D C Harris
Mrs A R Harris
Mr J A C Turvey





REGISTERED OFFICE: 12-14 Highcroft Industrial Estate
Enterprise Road
Waterlooville
Hampshire
PO8 0BT





REGISTERED NUMBER: 11882172 (England and Wales)





ACCOUNTANTS: Priors Consultancy (Southern) Limited
12 Priors Close
Southbourne
Emsworth
Hampshire
PO10 8LJ

Premsafe (South) Ltd (Registered number: 11882172)

Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 166,282

CURRENT ASSETS
Stocks 28,000
Debtors 5 762,595
Cash at bank and in hand 315,268
1,105,863
CREDITORS
Amounts falling due within one year 6 654,989
NET CURRENT ASSETS 450,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

617,156

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 7 617,056
SHAREHOLDERS' FUNDS 617,156

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 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.

Premsafe (South) Ltd (Registered number: 11882172)

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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Mrs A R Harris - Director


Premsafe (South) Ltd (Registered number: 11882172)

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

1. STATUTORY INFORMATION

Premsafe (South) Ltd 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.

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.

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.

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.

Premsafe (South) Ltd (Registered number: 11882172)

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

2. ACCOUNTING POLICIES - continued

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 11 .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 337 2,689 68,400 6,895 78,321
Additions 3,902 10,927 129,624 3,457 147,910
At 31 March 2024 4,239 13,616 198,024 10,352 226,231
DEPRECIATION
At 1 April 2023 98 1,125 19,872 2,352 23,447
Charge for year 745 2,249 32,068 1,440 36,502
At 31 March 2024 843 3,374 51,940 3,792 59,949
NET BOOK VALUE
At 31 March 2024 3,396 10,242 146,084 6,560 166,282
At 31 March 2023 239 1,564 48,528 4,543 54,874

5. DEBTORS
£   
Amounts falling due within one year:
Trade debtors 616,887
Retentions 11,969
VAT 60,645
689,501

Amounts falling due after more than one year:
Premierseal Roofing loan 73,094

Aggregate amounts 762,595

Premsafe (South) Ltd (Registered number: 11882172)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 22,406
Other loans 91,273
Trade creditors 444,618
Tax 51,506
Social security and other taxes 25,003
Other creditors 18,854
NatWest credit card 1,329
654,989

7. RESERVES
Retained
earnings
£   

At 1 April 2023 660,048
Profit for the year 157,008
Dividends (200,000 )
At 31 March 2024 617,056

Premsafe (South) Ltd

Report of the Accountants to the Directors of
Premsafe (South) Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Priors Consultancy (Southern) Limited
12 Priors Close
Southbourne
Emsworth
Hampshire
PO10 8LJ


Date: .............................................