IRIS Accounts Production v24.3.0.553 11027789 director 1.8.23 31.7.24 31.7.24 true false true false false true false ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110277892023-07-31110277892024-07-31110277892023-08-012024-07-31110277892022-07-31110277892022-08-012023-07-31110277892023-07-3111027789ns15:EnglandWales2023-08-012024-07-3111027789ns14:PoundSterling2023-08-012024-07-3111027789ns10:Director12023-08-012024-07-3111027789ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3111027789ns10:SmallEntities2023-08-012024-07-3111027789ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3111027789ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3111027789ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3111027789ns10:FullAccounts2023-08-012024-07-3111027789ns10:OrdinaryShareClass12023-08-012024-07-3111027789ns10:CompanySecretary12023-08-012024-07-3111027789ns10:RegisteredOffice2023-08-012024-07-3111027789ns5:CurrentFinancialInstruments2024-07-3111027789ns5:CurrentFinancialInstruments2023-07-3111027789ns5:Non-currentFinancialInstruments2024-07-3111027789ns5:Non-currentFinancialInstruments2023-07-3111027789ns5:ShareCapital2024-07-3111027789ns5:ShareCapital2023-07-3111027789ns5:RetainedEarningsAccumulatedLosses2024-07-3111027789ns5:RetainedEarningsAccumulatedLosses2023-07-3111027789ns5:PlantMachinery2023-08-012024-07-3111027789ns5:MotorVehicles2023-08-012024-07-3111027789ns5:LandBuildings2023-07-3111027789ns5:PlantMachinery2023-07-3111027789ns5:FurnitureFittings2023-07-3111027789ns5:MotorVehicles2023-07-3111027789ns5:LandBuildings2023-08-012024-07-3111027789ns5:FurnitureFittings2023-08-012024-07-3111027789ns5:LandBuildings2024-07-3111027789ns5:PlantMachinery2024-07-3111027789ns5:FurnitureFittings2024-07-3111027789ns5:MotorVehicles2024-07-3111027789ns5:LandBuildings2023-07-3111027789ns5:PlantMachinery2023-07-3111027789ns5:FurnitureFittings2023-07-3111027789ns5:MotorVehicles2023-07-3111027789ns5:CostValuation2023-07-3111027789ns5:Subsidiary12023-08-012024-07-31110277891ns5:Subsidiary12023-08-012024-07-3111027789ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3111027789ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3111027789ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-07-3111027789ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-07-3111027789ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3111027789ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3111027789ns5:Secured2024-07-3111027789ns5:Secured2023-07-3111027789ns5:DeferredTaxation2023-07-3111027789ns5:DeferredTaxation2023-08-012024-07-3111027789ns5:DeferredTaxation2024-07-3111027789ns10:OrdinaryShareClass12024-07-31110277891ns10:Director12023-07-31110277891ns10:Director12022-07-31110277891ns10:Director12023-08-012024-07-31110277891ns10:Director12022-08-012023-07-31110277891ns10:Director12024-07-31110277891ns10:Director12023-07-31
REGISTERED NUMBER: 11027789 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PREMIER ENGINEERING (HOLDINGS) LIMITED

PREMIER ENGINEERING (HOLDINGS) LIMITED (REGISTERED NUMBER: 11027789)






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 (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: B A Richards





SECRETARY: Mrs L A Richards





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 11027789 (England and Wales)





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

PREMIER ENGINEERING (HOLDINGS) LIMITED (REGISTERED NUMBER: 11027789)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,129,529 1,149,650
Investments 5 2 2
1,129,531 1,149,652

CURRENT ASSETS
Debtors 6 317,100 318,403
Cash at bank 10,996 20,943
328,096 339,346
CREDITORS
Amounts falling due within one year 7 64,535 66,951
NET CURRENT ASSETS 263,561 272,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,393,092

1,422,047

CREDITORS
Amounts falling due after more than one
year

8

(279,273

)

(308,199

)

PROVISIONS FOR LIABILITIES 11 (34,627 ) (34,525 )
NET ASSETS 1,079,192 1,079,323

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,079,092 1,079,223
SHAREHOLDERS' FUNDS 1,079,192 1,079,323

PREMIER ENGINEERING (HOLDINGS) LIMITED (REGISTERED NUMBER: 11027789)

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 22 November 2024 and were signed by:





B A Richards - Director


PREMIER ENGINEERING (HOLDINGS) LIMITED (REGISTERED NUMBER: 11027789)

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

1. STATUTORY INFORMATION

Premier Engineering (Holdings) 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.

Preparation of consolidated financial statements
The financial statements contain information about Premier Engineering (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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
Motor vehicles - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PREMIER ENGINEERING (HOLDINGS) LIMITED (REGISTERED NUMBER: 11027789)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 August 2023 926,607 342,003 3,924 8,800 1,281,334
Additions 2,467 - - - 2,467
At 31 July 2024 929,074 342,003 3,924 8,800 1,283,801
DEPRECIATION
At 1 August 2023 - 124,407 1,312 5,965 131,684
Charge for year - 21,760 261 567 22,588
At 31 July 2024 - 146,167 1,573 6,532 154,272
NET BOOK VALUE
At 31 July 2024 929,074 195,836 2,351 2,268 1,129,529
At 31 July 2023 926,607 217,596 2,612 2,835 1,149,650

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 2
NET BOOK VALUE
At 31 July 2024 2
At 31 July 2023 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Premier Engineering (Yorkshire) Limited
Registered office: Imperial Works, Carrwood Road, Grange Lane Industrial Estate, Barnsley, South Yorkshire S71 5AS
Nature of business: Steel fabrication
%
Class of shares: holding
ordinary 100.00

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 272,682 266,250
Directors' current accounts 43,574 51,369
Prepayments 844 784
317,100 318,403

PREMIER ENGINEERING (HOLDINGS) LIMITED (REGISTERED NUMBER: 11027789)

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) 22,725 21,749
Hire purchase contracts 6,560 15,130
Tax 29,210 24,108
VAT 4,500 4,500
Accrued expenses 1,540 1,464
64,535 66,951

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 279,273 301,640
Hire purchase contracts - 6,559
279,273 308,199

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 207,885 223,886

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 22,725 21,749

Amounts falling due between one and two years:
Bank loans - 1-2 years 23,996 22,924

Amounts falling due between two and five years:
Bank loans - 2-5 years 47,392 54,830

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 207,885 223,886

PREMIER ENGINEERING (HOLDINGS) LIMITED (REGISTERED NUMBER: 11027789)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 6,560 21,689
Secured bank loan 281,246 292,643
287,806 314,332

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 34,627 34,525

Deferred
tax
£   
Balance at 1 August 2023 34,525
Provided during year 102
Balance at 31 July 2024 34,627

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ordinary £1 100 100

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
B A Richards
Balance outstanding at start of year 51,369 51,661
Amounts advanced - 1,369
Amounts repaid (7,796 ) (1,661 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 43,573 51,369