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REGISTERED NUMBER: 07377693 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

29TH SEPTEMBER 2024

FOR

PREMIER TRUCK AND TRAILER RENTAL LIMITED

PREMIER TRUCK AND TRAILER RENTAL LIMITED (REGISTERED NUMBER: 07377693)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH SEPTEMBER 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


PREMIER TRUCK AND TRAILER RENTAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH SEPTEMBER 2024







DIRECTOR: J R Clayton





REGISTERED OFFICE: The Coldstore
Essex Street
Bradford
West Yorkshire
BD4 7PG





REGISTERED NUMBER: 07377693 (England and Wales)





ACCOUNTANTS: Smith Turner Chartered Accountants
Unit 7, Courtyard 31
Pontefract Road
Normanton
WF6 1JU

PREMIER TRUCK AND TRAILER RENTAL LIMITED (REGISTERED NUMBER: 07377693)

BALANCE SHEET
29TH SEPTEMBER 2024

29/9/24 29/9/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 3,000 4,000
Tangible assets 5 3,274,166 2,739,831
3,277,166 2,743,831

CURRENT ASSETS
Stocks 85,630 108,447
Debtors 6 607,434 435,152
Cash at bank 25,470 86,621
718,534 630,220
CREDITORS
Amounts falling due within one year 7 (2,261,638 ) (1,834,108 )
NET CURRENT LIABILITIES (1,543,104 ) (1,203,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,734,062

1,539,943

CREDITORS
Amounts falling due after more than one
year

8

(725,847

)

(860,858

)
NET ASSETS 1,008,215 679,085

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 998,215 669,085
1,008,215 679,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th September 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.

PREMIER TRUCK AND TRAILER RENTAL LIMITED (REGISTERED NUMBER: 07377693)

BALANCE SHEET - continued
29TH SEPTEMBER 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 director and authorised for issue on 8th May 2025 and were signed by:





J R Clayton - Director


PREMIER TRUCK AND TRAILER RENTAL LIMITED (REGISTERED NUMBER: 07377693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Premier Truck And Trailer Rental 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

PREMIER TRUCK AND TRAILER RENTAL LIMITED (REGISTERED NUMBER: 07377693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30th September 2023
and 29th September 2024 5,000
AMORTISATION
At 30th September 2023 1,000
Charge for year 1,000
At 29th September 2024 2,000
NET BOOK VALUE
At 29th September 2024 3,000
At 29th September 2023 4,000

PREMIER TRUCK AND TRAILER RENTAL LIMITED (REGISTERED NUMBER: 07377693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30th September 2023 - 4,326,906 4,326,906
Additions 25,692 1,200,208 1,225,900
Disposals - (114,050 ) (114,050 )
At 29th September 2024 25,692 5,413,064 5,438,756
DEPRECIATION
At 30th September 2023 - 1,587,075 1,587,075
Charge for year - 631,327 631,327
Eliminated on disposal - (53,812 ) (53,812 )
At 29th September 2024 - 2,164,590 2,164,590
NET BOOK VALUE
At 29th September 2024 25,692 3,248,474 3,274,166
At 29th September 2023 - 2,739,831 2,739,831

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 30th September 2023 2,575,779
Additions 1,005,860
Disposals (70,475 )
Transfer to ownership (146,498 )
At 29th September 2024 3,364,666
DEPRECIATION
At 30th September 2023 683,354
Charge for year 486,123
Eliminated on disposal (20,187 )
Transfer to ownership (39,448 )
At 29th September 2024 1,109,842
NET BOOK VALUE
At 29th September 2024 2,254,824
At 29th September 2023 1,892,425

PREMIER TRUCK AND TRAILER RENTAL LIMITED (REGISTERED NUMBER: 07377693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29TH SEPTEMBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/9/24 29/9/23
£    £   
Trade debtors 591,114 422,869
Other debtors 16,320 12,283
607,434 435,152

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/9/24 29/9/23
£    £   
Bank loans and overdrafts 26,438 18,748
Hire purchase contracts 1,019,289 851,521
Trade creditors 53,279 30,851
Taxation and social security 89,155 89,196
Other creditors 1,073,477 843,792
2,261,638 1,834,108

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/9/24 29/9/23
£    £   
Bank loans 6,090 16,090
Hire purchase contracts 706,957 819,168
Other creditors 12,800 25,600
725,847 860,858

9. RELATED PARTY DISCLOSURES

Included in creditors is an amount of £545,715, owing to the director of the company. No interest is being charged on this amount, and there are no fixed terms for repayment.