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REGISTERED NUMBER: 02612866 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Premier Pipeline Supplies Limited

Premier Pipeline Supplies Limited (Registered number: 02612866)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Premier Pipeline Supplies Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: R N Womersley
D Hartley





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 02612866 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Premier Pipeline Supplies Limited (Registered number: 02612866)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,910 58,355

CURRENT ASSETS
Stocks 590,368 541,032
Debtors 5 1,855,245 1,697,500
Cash at bank and in hand 397,129 670,929
2,842,742 2,909,461
CREDITORS
Amounts falling due within one year 6 807,966 1,037,023
NET CURRENT ASSETS 2,034,776 1,872,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,077,686

1,930,793

PROVISIONS FOR LIABILITIES 7 9,127 14,589
NET ASSETS 2,068,559 1,916,204

CAPITAL AND RESERVES
Called up share capital 162 162
Retained earnings 2,068,397 1,916,042
SHAREHOLDERS' FUNDS 2,068,559 1,916,204

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 3 March 2025 and were signed on its behalf by:



R N Womersley - Director


Premier Pipeline Supplies Limited (Registered number: 02612866)

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


1. STATUTORY INFORMATION

Premier Pipeline Supplies 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme, in favour of the two directors. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

Premier Pipeline Supplies Limited (Registered number: 02612866)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 56,717 59,543 81,123 24,375 221,758
Additions - 83 - - 83
At 31 August 2024 56,717 59,626 81,123 24,375 221,841
DEPRECIATION
At 1 September 2023 38,856 56,045 47,991 20,511 163,403
Charge for year 2,679 702 8,283 3,864 15,528
At 31 August 2024 41,535 56,747 56,274 24,375 178,931
NET BOOK VALUE
At 31 August 2024 15,182 2,879 24,849 - 42,910
At 31 August 2023 17,861 3,498 33,132 3,864 58,355

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 794,912 1,128,051
A-One Tools Holdings Limited 1,008,405 558,021
Prepayments 51,928 11,428
1,855,245 1,697,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 543,840 627,220
Tax 220,751 264,267
Social security and other taxes 13,877 12,670
VAT 25,952 76,386
Accrued expenses 3,546 56,480
807,966 1,037,023

7. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated Capital Allowances 9,127 14,589

Premier Pipeline Supplies Limited (Registered number: 02612866)

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


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2023 14,589
Deferred Tax (5,462 )
Balance at 31 August 2024 9,127

8. RELATED PARTY DISCLOSURES

The ultimate controlling company is A-One Tools Holding Limited.