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REGISTERED NUMBER: 03242132 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Premier Security Glazing Limited

Premier Security Glazing Limited (Registered number: 03242132)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Premier Security Glazing Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M Fox
Mrs L Fox





SECRETARY: Mrs L Fox





REGISTERED OFFICE: Marriott Road
Swinton
Rotherham
South Yorkshire
S64 8AF





REGISTERED NUMBER: 03242132 (England and Wales)





ACCOUNTANTS: Camplejohn Rowan
CFC House
Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

Premier Security Glazing Limited (Registered number: 03242132)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,150 9,279

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 15,739 21,085
Cash at bank and in hand 275,866 294,090
293,105 316,675
CREDITORS
Amounts falling due within one year 6 (128,420 ) (158,754 )
NET CURRENT ASSETS 164,685 157,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,835

167,200

CREDITORS
Amounts falling due after more than one
year

7

(5,871

)

(16,859

)

PROVISIONS FOR LIABILITIES (1,788 ) (2,077 )
NET ASSETS 164,176 148,264

CAPITAL AND RESERVES
Called up share capital 8 789 789
Capital redemption reserve 9 211 211
Retained earnings 9 163,176 147,264
SHAREHOLDERS' FUNDS 164,176 148,264

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Security Glazing Limited (Registered number: 03242132)

Balance Sheet - continued
31 October 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 13 March 2025 and were signed on its behalf by:





M Fox - Director


Premier Security Glazing Limited (Registered number: 03242132)

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

1. STATUTORY INFORMATION

Premier Security Glazing 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 represented by the manufacture, sale and fitting of replacement windows, doors and conservatories, excluding value added tax.

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

Stocks
Stock is valued at the lower of cost and net realisable value, after making allowances 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.

Premier Security Glazing Limited (Registered number: 03242132)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 useful lives or the lease term, whichever is the shorter.

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

Rentals paid under operating leases are charged to the profit and loss account as incurred.


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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 144,159 5,602 62,907 3,893 216,561
Additions - - - 175 175
At 31 October 2024 144,159 5,602 62,907 4,068 216,736
DEPRECIATION
At 1 November 2023 143,237 4,997 56,304 2,744 207,282
Charge for year 231 91 1,651 331 2,304
At 31 October 2024 143,468 5,088 57,955 3,075 209,586
NET BOOK VALUE
At 31 October 2024 691 514 4,952 993 7,150
At 31 October 2023 922 605 6,603 1,149 9,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 14,851 20,257
Prepayments 888 828
15,739 21,085

Premier Security Glazing Limited (Registered number: 03242132)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 54,608 81,548
Tax 19,884 29,438
Social security and other taxes 1,320 1,230
VAT 14,562 8,548
Other creditors 1,311 1,055
Directors' current accounts 1 1
Accrued expenses 26,086 26,286
128,420 158,754

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 5,871 10,648
Bank loans - 2-5 years - 6,211
5,871 16,859

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
789 Ordinary £1 789 789

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 November 2023 147,264 211 147,475
Profit for the year 68,431 68,431
Dividends (52,519 ) (52,519 )
At 31 October 2024 163,176 211 163,387

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £52,519 were paid to the directors .

Property is rented from Premier Security Glazing Directors Fund, a small self-administered pension scheme, and the directors of the company are a trustees of the pension fund. The annual rent of £27,000 (2023: £27,000) is determined on an arms length basis.

11. ULTIMATE CONTROLLING PARTY

The company was controlled by its directors, Mr M Fox and Mrs L Fox, by virtue of beneficially owning all of the company's ordinary share capital.