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REGISTERED NUMBER: 12040483 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

PREMIUM WIPES AND TEXTILES LTD

PREMIUM WIPES AND TEXTILES LTD (REGISTERED NUMBER: 12040483)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIUM WIPES AND TEXTILES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R A Fowler
T J Fowler





REGISTERED OFFICE: Unit 2
Warrington Central Trading Estate
Bewsey Road
Warrington
Cheshire
WA2 7LP





REGISTERED NUMBER: 12040483 (England and Wales)





ACCOUNTANTS: WatkinsonBlack
1st Floor
264 Manchester Road
Warrington
Cheshire
WA1 3RB

PREMIUM WIPES AND TEXTILES LTD (REGISTERED NUMBER: 12040483)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,588 142,689

CURRENT ASSETS
Stocks 435,378 373,378
Debtors 5 396,417 677,986
Cash at bank and in hand 173,526 442,421
1,005,321 1,493,785
CREDITORS
Amounts falling due within one year 6 769,898 1,197,885
NET CURRENT ASSETS 235,423 295,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,011

438,589

CREDITORS
Amounts falling due after more than one
year

7

92,298

141,967
NET ASSETS 284,713 296,622

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 284,711 296,620
SHAREHOLDERS' FUNDS 284,713 296,622

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

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

PREMIUM WIPES AND TEXTILES LTD (REGISTERED NUMBER: 12040483)

BALANCE SHEET - continued
30 JUNE 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 26 March 2025 and were signed on its behalf by:





T J Fowler - Director


PREMIUM WIPES AND TEXTILES LTD (REGISTERED NUMBER: 12040483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Premium Wipes and Textiles 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.

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.

PREMIUM WIPES AND TEXTILES LTD (REGISTERED NUMBER: 12040483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 267,899
Additions 26,154
At 30 June 2024 294,053
DEPRECIATION
At 1 July 2023 125,210
Charge for year 27,255
At 30 June 2024 152,465
NET BOOK VALUE
At 30 June 2024 141,588
At 30 June 2023 142,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 282,191 604,218
Other debtors 114,226 73,768
396,417 677,986

PREMIUM WIPES AND TEXTILES LTD (REGISTERED NUMBER: 12040483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 390,879 438,416
Taxation and social security 76,956 259,664
Other creditors 302,063 499,805
769,898 1,197,885

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 76,016 93,388
Hire purchase contracts 16,282 48,579
92,298 141,967