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Company Registration No. 05441017 (England and Wales)
PREMIER VEHICLE CARE LIMITED Unaudited accounts for the year ended 31 May 2025
PREMIER VEHICLE CARE LIMITED Unaudited accounts Contents
Page
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PREMIER VEHICLE CARE LIMITED Company Information for the year ended 31 May 2025
Director
John Mark Grimmett
Company Number
05441017 (England and Wales)
Registered Office
PREMIER HOUSE BENFIELD ROAD NEWCASTLE UPON TYNE NE6 5XA
Accountants
LRK Accounting & Bookkeeping Ltd 128 City Road London EC1V 2NX
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PREMIER VEHICLE CARE LIMITED Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
76,826 
57,292 
Current assets
Inventories
60,000 
40,000 
Debtors
127,965 
251,445 
Cash at bank and in hand
39,611 
(5,133)
227,576 
286,312 
Creditors: amounts falling due within one year
(256,525)
(265,853)
Net current (liabilities)/assets
(28,949)
20,459 
Total assets less current liabilities
47,877 
77,751 
Creditors: amounts falling due after more than one year
(19,074)
(37,071)
Provisions for liabilities
Deferred tax
(15,179)
(14,327)
Net assets
13,624 
26,353 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,623 
26,352 
Shareholders' funds
13,624 
26,353 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 27 July 2025 and were signed on its behalf by
John Mark Grimmett Director Company Registration No. 05441017
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PREMIER VEHICLE CARE LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
PREMIER VEHICLE CARE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05441017. The registered office is PREMIER HOUSE, BENFIELD ROAD, NEWCASTLE UPON TYNE, NE6 5XA.
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.
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.
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:
Land & buildings
10% Straight Line
Plant & machinery
15% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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PREMIER VEHICLE CARE LIMITED Notes to the Accounts for the year ended 31 May 2025
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.
Going concern
The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through cash generated from operations and external borrowings. The company's forecasts and projections for the next 12 months show that the company should be able to continue in operational existence for that period, taking into account reasonable possible changes in trading performance. Based on the factors set out above the director believes that it remains appropriate to prepare the financial statements on a going concern basis.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
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 June 2024
119,763 
134,069 
139,906 
14,828 
408,566 
Additions
- 
3,526 
25,863 
- 
29,389 
At 31 May 2025
119,763 
137,595 
165,769 
14,828 
437,955 
Depreciation
At 1 June 2024
119,763 
90,536 
128,218 
12,757 
351,274 
Charge for the year
- 
6,583 
2,922 
350 
9,855 
At 31 May 2025
119,763 
97,119 
131,140 
13,107 
361,129 
Net book value
At 31 May 2025
- 
40,476 
34,629 
1,721 
76,826 
At 31 May 2024
- 
43,533 
11,688 
2,071 
57,292 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
115,729 
250,478 
Accrued income and prepayments
10,884 
- 
126,613 
250,478 
Amounts falling due after more than one year
Other debtors
1,352 
967 
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PREMIER VEHICLE CARE LIMITED Notes to the Accounts for the year ended 31 May 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
33,571 
34,000 
VAT
38,895 
28,592 
Obligations under finance leases and hire purchase contracts
10,800 
6,092 
Trade creditors
116,893 
141,002 
Taxes and social security
38,378 
41,646 
Other creditors
13,988 
12,756 
Loans from directors
2,800 
565 
Accruals
1,200 
1,200 
256,525 
265,853 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
37,071 
Obligations under finance leases and hire purchase contracts
19,074 
- 
19,074 
37,071 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
John Mark Grimmett
Directors Loan Account
(565)
50,383 
49,818 
- 
(565)
50,383 
49,818 
- 
9
Average number of employees
During the year the average number of employees was 16 (2024: 17).
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