IRIS Accounts Production v24.3.2.46 06776402 Board of Directors Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067764022023-12-31067764022024-12-31067764022024-01-012024-12-31067764022022-12-31067764022023-01-012023-12-31067764022023-12-3106776402ns15:EnglandWales2024-01-012024-12-3106776402ns14:PoundSterling2024-01-012024-12-3106776402ns10:Director12024-01-012024-12-3106776402ns10:Director22024-01-012024-12-3106776402ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3106776402ns10:SmallEntities2024-01-012024-12-3106776402ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3106776402ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3106776402ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106776402ns10:FullAccounts2024-01-012024-12-3106776402ns10:OrdinaryShareClass12024-01-012024-12-3106776402ns10:Director32024-01-012024-12-3106776402ns10:CompanySecretary12024-01-012024-12-3106776402ns10:RegisteredOffice2024-01-012024-12-3106776402ns5:CurrentFinancialInstruments2024-12-3106776402ns5:CurrentFinancialInstruments2023-12-3106776402ns5:ShareCapital2024-12-3106776402ns5:ShareCapital2023-12-3106776402ns5:RevaluationReserve2024-12-3106776402ns5:RevaluationReserve2023-12-3106776402ns5:RetainedEarningsAccumulatedLosses2024-12-3106776402ns5:RetainedEarningsAccumulatedLosses2023-12-3106776402ns5:PlantMachinery2024-01-012024-12-3106776402ns5:FurnitureFittings2024-01-012024-12-3106776402ns5:MotorVehicles2024-01-012024-12-3106776402ns5:PlantMachinery2023-12-3106776402ns5:PlantMachinery2024-12-3106776402ns5:PlantMachinery2023-12-3106776402ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3106776402ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3106776402ns10:OrdinaryShareClass12024-12-3106776402ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 06776402 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PREMIER ENGINEERING (SCARBOROUGH)
LIMITED

PREMIER ENGINEERING (SCARBOROUGH)
LIMITED (REGISTERED NUMBER: 06776402)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER ENGINEERING (SCARBOROUGH)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: R J Pickering Snr
P Pickering
R J Pickering Jnr





SECRETARY: P Pickering





REGISTERED OFFICE: 34 Falsgrave Road
Scarborough
North Yorkshire
YO12 5AT





REGISTERED NUMBER: 06776402 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

PREMIER ENGINEERING (SCARBOROUGH)
LIMITED (REGISTERED NUMBER: 06776402)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,271,976 1,415,906

CURRENT ASSETS
Stocks 139,543 47,341
Debtors 5 1,015,627 572,194
Cash at bank and in hand 1,280,521 1,123,515
2,435,691 1,743,050
CREDITORS
Amounts falling due within one year 6 624,095 530,617
NET CURRENT ASSETS 1,811,596 1,212,433
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,083,572

2,628,339

PROVISIONS FOR LIABILITIES 317,994 353,976
NET ASSETS 2,765,578 2,274,363

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 753,709 861,382
Retained earnings 2,011,769 1,412,881
SHAREHOLDERS' FUNDS 2,765,578 2,274,363

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 ENGINEERING (SCARBOROUGH)
LIMITED (REGISTERED NUMBER: 06776402)

BALANCE SHEET - continued
31 DECEMBER 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 24 March 2025 and were signed on its behalf by:




R J Pickering Snr - Director



R J Pickering Jnr - Director


PREMIER ENGINEERING (SCARBOROUGH)
LIMITED (REGISTERED NUMBER: 06776402)

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

1. STATUTORY INFORMATION

Premier Engineering (Scarborough) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of engineering services provided, excluding discounts, rebates, value added tax and other sales taxes, and is recognised the supply of these services.

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 - 12.5% on reducing balance
Fixtures and fittings - 12.5% on reducing balance
Motor vehicles - 25% on reducing balance

Fixed assets are revalued as considered appropriate by the directors.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight-line basis over the period of the lease.

PREMIER ENGINEERING (SCARBOROUGH)
LIMITED (REGISTERED NUMBER: 06776402)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company has implemented automatic enrolment into a workplace pension scheme in relation to all employees. All contributions payable for the year are charged to the Statement of Income and Retained Earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2024 1,584,151
Additions 66,629
Disposals (112,510 )
At 31 December 2024 1,538,270
DEPRECIATION
At 1 January 2024 168,245
Charge for year 182,039
Eliminated on disposal (83,990 )
At 31 December 2024 266,294
NET BOOK VALUE
At 31 December 2024 1,271,976
At 31 December 2023 1,415,906

Cost or valuation at 31 December 2024 is represented by:

Plant and
machinery
etc
£   
Valuation in 2023 627,378
Cost 910,892
1,538,270

PREMIER ENGINEERING (SCARBOROUGH)
LIMITED (REGISTERED NUMBER: 06776402)

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

4. TANGIBLE FIXED ASSETS - continued

If plant and machinery etc had not been revalued it would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 910,892 956,773
Aggregate depreciation 643,860 689,376

Plant and machinery etc was valued on an open market basis on 31 December 2023 by R J Pickering Jnr .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 520,077 364,175
Amounts owed by group undertakings 379,093 195,500
Other debtors 116,457 12,519
1,015,627 572,194

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 82,994 89,763
Taxation and social security 440,826 366,278
Other creditors 100,275 74,576
624,095 530,617

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024 861,382
Depreciation movement (143,564 )
Deferred tax movement 35,891

At 31 December 2024 753,709