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REGISTERED NUMBER: 03459577 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024

FOR

PREMIER INTERNATIONAL FREIGHT LIMITED

PREMIER INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 03459577)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


PREMIER INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 03459577)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,820 57,274

CURRENT ASSETS
Debtors 5 2,555,074 2,418,923
Cash at bank and in hand 86,322 41,997
2,641,396 2,460,920
CREDITORS
Amounts falling due within one year 6 727,746 628,829
NET CURRENT ASSETS 1,913,650 1,832,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,924,470

1,889,365

CREDITORS
Amounts falling due after more than one
year

7

(37,375

)

-

PROVISIONS FOR LIABILITIES (2,705 ) (14,319 )
NET ASSETS 1,884,390 1,875,046

CAPITAL AND RESERVES
Called up share capital 250 250
Retained earnings 1,884,140 1,874,796
1,884,390 1,875,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

PREMIER INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 03459577)

BALANCE SHEET - continued
30 APRIL 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





J P Sykes - Director


PREMIER INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 03459577)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


1. STATUTORY INFORMATION

Premier International Freight Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03459577

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

PREMIER INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 03459577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 61,590 45,256 106,846
Additions - 792 792
Disposals (61,590 ) - (61,590 )
At 30 April 2024 - 46,048 46,048
DEPRECIATION
At 1 April 2023 16,361 33,211 49,572
Charge for period 3,248 2,017 5,265
Eliminated on disposal (19,609 ) - (19,609 )
At 30 April 2024 - 35,228 35,228
NET BOOK VALUE
At 30 April 2024 - 10,820 10,820
At 31 March 2023 45,229 12,045 57,274

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 422,547 509,384
Amounts owed by group undertakings 45,150 100,000
Other debtors 68,796 19,080
536,493 628,464

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,018,581 1,790,459

Aggregate amounts 2,555,074 2,418,923

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 322,924 187,725
Taxation and social security 41,669 281,883
Other creditors 363,153 159,221
727,746 628,829

PREMIER INTERNATIONAL FREIGHT LIMITED (REGISTERED NUMBER: 03459577)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 APRIL 2023 TO 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 37,375 -

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 1,946

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Invoice finance facility 155,206 83,747

The invoice finance facility is secured with and fixed and floating charge over all the company's assets.

10. RELATED PARTY DISCLOSURES

Included within debtors is an amount due from the company's parent company of £2,063,731 (2023: £1,890,459). No interest was charged on this loan.