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
Premier Heating Solutions Limited
Statement of financial position
as at 30 April 2025
Intangible assets
70,000
80,000
Tangible assets
988,218
701,045
Inventories
446,750
261,303
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
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
Premier Heating Solutions Limited
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
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.
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.
Premier Heating Solutions Limited
Notes to the Accounts
for the year ended 30 April 2025
4
Intangible fixed assets
Goodwill
Charge for the year
10,000
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
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
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
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
521,335
262,500
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
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
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
9
Average number of employees
During the year the average number of employees was 29 (2024: 23).