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REGISTERED NUMBER: 09214246 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Premier Groundworks Solutions Ltd

Premier Groundworks Solutions Ltd (Registered number: 09214246)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Premier Groundworks Solutions Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S Clarke





SECRETARY:





REGISTERED OFFICE: 3 Hannah Street
Porth
Rhondda Cynon Taff
CF39 9PU





REGISTERED NUMBER: 09214246 (England and Wales)





ACCOUNTANTS: WILLIAMS JENKINS & CO LIMITED
3 HANNAH STREET
PORTH
Rhondda Cynon Taff
CF39 9PU

Premier Groundworks Solutions Ltd (Registered number: 09214246)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 155,584 256,049

CURRENT ASSETS
Stocks 1,207,500 950,000
Debtors 5 337,849 188,671
Cash in hand 100 100
1,545,449 1,138,771
CREDITORS
Amounts falling due within one year 6 1,163,297 573,839
NET CURRENT ASSETS 382,152 564,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

537,736

820,981

CREDITORS
Amounts falling due after more than one year 7 (273,478 ) (462,023 )

PROVISIONS FOR LIABILITIES (1,232 ) (20,577 )
NET ASSETS 263,026 338,381

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 262,926 338,281
263,026 338,381

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 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.

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 25 June 2025 and were signed by:



S Clarke - Director


Premier Groundworks Solutions Ltd (Registered number: 09214246)

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

1. STATUTORY INFORMATION

Premier Groundworks Solutions Ltd 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.

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, 25% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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.

Premier Groundworks Solutions Ltd (Registered number: 09214246)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 1,355,200
DEPRECIATION
At 1 October 2023 1,099,151
Charge for year 100,465
At 30 September 2024 1,199,616
NET BOOK VALUE
At 30 September 2024 155,584
At 30 September 2023 256,049

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

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 1,038,913
DEPRECIATION
At 1 October 2023 859,677
Charge for year 78,885
At 30 September 2024 938,562
NET BOOK VALUE
At 30 September 2024 100,351
At 30 September 2023 179,236

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 318,156 85,367
Other debtors 19,693 103,304
337,849 188,671

Premier Groundworks Solutions Ltd (Registered number: 09214246)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 55,438 72,480
Hire purchase contracts 180,462 180,462
Trade creditors 746,748 201,413
Taxation and social security (36,050 ) (184,912 )
Other creditors 216,699 304,396
1,163,297 573,839

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 6,072 22,542
Hire purchase contracts 267,406 439,481
273,478 462,023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 38,927 94,147
Hire purchase contracts 447,868 619,943
486,795 714,090

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
S Clarke
Balance outstanding at start of year (335 ) (22 )
Amounts advanced 79,496 59,187
Amounts repaid (79,500 ) (59,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (339 ) (335 )

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Clarke.