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REGISTERED NUMBER: 06487179 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Premier1 Filtration Limited

Premier1 Filtration Limited (Registered number: 06487179)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Premier1 Filtration Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr S P Calvert
Miss M Cuccunato





REGISTERED OFFICE: C/O Cousins & Co
18 Brentnall Street
Middlesbrough
TS1 5AP





REGISTERED NUMBER: 06487179 (England and Wales)






Premier1 Filtration Limited (Registered number: 06487179)

Abridged Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 189,000 216,000
Tangible assets 5 24,367 38,180
213,367 254,180

CURRENT ASSETS
Stocks 119,819 118,627
Debtors 30,109 52,325
Cash at bank and in hand 305,402 212,161
455,330 383,113
CREDITORS
Amounts falling due within one year 88,455 76,139
NET CURRENT ASSETS 366,875 306,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,242

561,154

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 580,142 561,054
SHAREHOLDERS' FUNDS 580,242 561,154

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 February 2025 and were signed on its behalf by:





Mr S P Calvert - Director


Premier1 Filtration Limited (Registered number: 06487179)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Premier1 Filtration 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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. 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 5 (2023 - 7 ) .

Premier1 Filtration Limited (Registered number: 06487179)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023
and 30 September 2024 270,000
AMORTISATION
At 1 October 2023 54,000
Amortisation for year 27,000
At 30 September 2024 81,000
NET BOOK VALUE

At 30 September 2024 189,000
At 30 September 2023 216,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 October 2023 108,061
Disposals (17,401 )
At 30 September 2024 90,660
DEPRECIATION
At 1 October 2023 69,881
Charge for year 13,813
Eliminated on disposal (17,401 )
At 30 September 2024 66,293
NET BOOK VALUE
At 30 September 2024 24,367
At 30 September 2023 38,180