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REGISTERED NUMBER: 03341920 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PREMIER ENGINEERING (YORKSHIRE) LTD

PREMIER ENGINEERING (YORKSHIRE) LTD (REGISTERED NUMBER: 03341920)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER ENGINEERING (YORKSHIRE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: B A Richards





SECRETARY: L A Richards





REGISTERED OFFICE: Imperial Works
Carrwood Road
Grange Lane Industrial Estate
Barnsley
South Yorkshire
S71 5AS





REGISTERED NUMBER: 03341920 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
Accountants
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

PREMIER ENGINEERING (YORKSHIRE) LTD (REGISTERED NUMBER: 03341920)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 142,211 190,742

CURRENT ASSETS
Stocks 5 296,453 214,555
Debtors 6 604,573 489,835
Cash at bank and in hand 58,413 56,934
959,439 761,324
CREDITORS
Amounts falling due within one year 7 816,173 717,197
NET CURRENT ASSETS 143,266 44,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

285,477

234,869

CREDITORS
Amounts falling due after more than one
year

8

(10,427

)

(20,645

)

PROVISIONS FOR LIABILITIES 10 (35,553 ) (43,680 )
NET ASSETS 239,497 170,544

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 239,495 170,542
SHAREHOLDERS' FUNDS 239,497 170,544

PREMIER ENGINEERING (YORKSHIRE) LTD (REGISTERED NUMBER: 03341920)

BALANCE SHEET - continued
31 JULY 2024


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

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

The director acknowledges his 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 November 2024 and were signed by:





B A Richards - Director


PREMIER ENGINEERING (YORKSHIRE) LTD (REGISTERED NUMBER: 03341920)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Premier Engineering (Yorkshire) 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.
Plant and machinery - 10% on reducing balance and at variable rates on reducing balance
Fixtures and fittings - 10% on reducing balance and at variable rates on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 10% on reducing balance and at variable rates on reducing balance

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 Profit & Loss Account and Retained Earnings, 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.

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.

PREMIER ENGINEERING (YORKSHIRE) LTD (REGISTERED NUMBER: 03341920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

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 45 (2023 - 53 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 380,424 28,082 55,879 68,991 533,376
Additions 5,031 - 18,228 4,508 27,767
Disposals - - (31,561 ) - (31,561 )
At 31 July 2024 385,455 28,082 42,546 73,499 529,582
DEPRECIATION
At 1 August 2023 262,715 11,314 38,745 29,860 342,634
Charge for year 29,151 4,128 1,399 11,393 46,071
Eliminated on disposal - - (1,334 ) - (1,334 )
At 31 July 2024 291,866 15,442 38,810 41,253 387,371
NET BOOK VALUE
At 31 July 2024 93,589 12,640 3,736 32,246 142,211
At 31 July 2023 117,709 16,768 17,134 39,131 190,742

5. STOCKS
2024 2023
£    £   
Stocks 14,708 20,144
Work-in-progress 281,745 194,411
296,453 214,555

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 586,237 477,262
Other debtors 5,000 -
Prepayments 13,336 12,573
604,573 489,835

PREMIER ENGINEERING (YORKSHIRE) LTD (REGISTERED NUMBER: 03341920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 9) 10,247 9,994
Trade creditors 408,131 290,035
Tax 49,505 21,475
Social security and other taxes 24,110 32,464
VAT 22,813 33,537
Other creditors 260,394 264,450
Directors' current accounts 5,987 5,103
Accrued expenses and
deferred income 34,986 60,139
816,173 717,197

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 10,427 20,645

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,247 9,994

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,247 10,247

Amounts falling due between two and five years:
Bank loans - 2-5 years 180 10,398

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 35,553 43,680

Deferred
tax
£   
Balance at 1 August 2023 43,680
Provided during year (8,127 )
Balance at 31 July 2024 35,553

PREMIER ENGINEERING (YORKSHIRE) LTD (REGISTERED NUMBER: 03341920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 ORDINARY £1 2 2

12. PARENT UNDERTAKING

The company is a wholly owned subsidiary of Premier Engineering (Holdings) Limited, a company incorporated in England.