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Company Registration No. 05591229 (England and Wales)
Premier Heating Solutions Limited Unaudited accounts for the year ended 30 April 2025
Premier Heating Solutions Limited Unaudited accounts Contents
Page
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Premier Heating Solutions Limited Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
70,000 
80,000 
Tangible assets
988,218 
701,045 
1,058,218 
781,045 
Current assets
Inventories
446,750 
261,303 
Debtors
447,036 
277,347 
893,786 
538,650 
Creditors: amounts falling due within one year
(861,689)
(850,042)
Net current assets/(liabilities)
32,097 
(311,392)
Total assets less current liabilities
1,090,315 
469,653 
Creditors: amounts falling due after more than one year
(687,304)
(328,757)
Provisions for liabilities
Deferred tax
(2,925)
(2,925)
Net assets
400,086 
137,971 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
399,986 
137,871 
Shareholders' funds
400,086 
137,971 
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 June 2025 and were signed on its behalf by
Philip Mulvenna Director Company Registration No. 05591229
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Premier Heating Solutions Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Premier Heating Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 05591229. The registered office is 19 Horseshoe Park Horseshoe Road, Pangbourne, Berkshire, RG8 7JW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Motor vehicles
15% Reducing Balance
Computer equipment
15% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Premier Heating Solutions Limited Notes to the Accounts for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2024
300,000 
At 30 April 2025
300,000 
Amortisation
At 1 May 2024
220,000 
Charge for the year
10,000 
At 30 April 2025
230,000 
Net book value
At 30 April 2025
70,000 
At 30 April 2024
80,000 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2024
350,000 
66,499 
445,168 
48,430 
910,097 
Additions
- 
697 
385,418 
1,007 
387,122 
Disposals
- 
- 
(40,935)
- 
(40,935)
At 30 April 2025
350,000 
67,196 
789,651 
49,437 
1,256,284 
Depreciation
At 1 May 2024
- 
61,030 
105,251 
42,771 
209,052 
Charge for the year
- 
1,367 
61,916 
6,666 
69,949 
On disposals
- 
- 
(10,935)
- 
(10,935)
At 30 April 2025
- 
62,397 
156,232 
49,437 
268,066 
Net book value
At 30 April 2025
350,000 
4,799 
633,419 
- 
988,218 
At 30 April 2024
350,000 
5,469 
339,917 
5,659 
701,045 
2025 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
521,335 
262,500 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,975 
20,404 
Accrued income and prepayments
211,681 
3,974 
Other debtors
211,380 
252,969 
447,036 
277,347 
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Premier Heating Solutions Limited Notes to the Accounts for the year ended 30 April 2025
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
144,803 
59,318 
Obligations under finance leases and hire purchase contracts
29,438 
25,111 
Trade creditors
440,138 
230,949 
Taxes and social security
85,412 
471,585 
Other creditors
147,509 
39,089 
Accruals
14,389 
11,555 
Deferred income
- 
12,435 
861,689 
850,042 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
300,619 
279,663 
Obligations under finance leases and hire purchase contracts
356,685 
42,149 
Other creditors
30,000 
6,945 
687,304 
328,757 
9
Average number of employees
During the year the average number of employees was 29 (2024: 23).
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