Company registration number 01198119 (England and Wales)
PREMIER FLIGHT SERVICES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
PREMIER FLIGHT SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr R K Pugh
Mr J W Ressell
Secretary
Mrs A J Pugh
Company number
01198119
Registered office
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
United Kingdom
CM12 0EQ
Accountants
Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
PREMIER FLIGHT SERVICES LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Statement of changes in equity
5
Notes to the financial statements
6 - 9
PREMIER FLIGHT SERVICES LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 JUNE 2025
- 1 -
The directors present their annual report and financial statements for the year ended 30 June 2025.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Mr R K Pugh
Mr J W Ressell
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Mr J W Ressell
Director
15 August 2025
PREMIER FLIGHT SERVICES LIMITED
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ACCOUNTS OF PREMIER FLIGHT SERVICES LIMITED
- 2 -
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 June 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give a true and fair view.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Xeinadin Billericay Limited
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ
15 August 2025
PREMIER FLIGHT SERVICES LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
2025
2024
Notes
£
£
Turnover
-
-
Administrative expenses
(8,401)
3,851
Operating (loss)/profit
(8,401)
3,851
Interest payable and similar expenses
(48)
(Loss)/profit before taxation
(8,449)
3,851
Tax on (loss)/profit
3
1,724
(656)
(Loss)/profit for the financial year
(6,725)
3,195
The profit and loss account has been prepared on the basis that all operations are continuing operations.
PREMIER FLIGHT SERVICES LIMITED
BALANCE SHEET
- 4 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
6,897
Current assets
Cash at bank and in hand
17,986
37,143
Creditors: amounts falling due within one year
5
(700)
(18,305)
Net current assets
17,286
18,838
Total assets less current liabilities
17,286
25,735
Provisions for liabilities
6
(1,724)
Net assets
17,286
24,011
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
17,186
23,911
Total equity
17,286
24,011
For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 15 August 2025 and are signed on its behalf by:
Mr J W Ressell
Director
Company registration number 01198119 (England and Wales)
PREMIER FLIGHT SERVICES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 July 2023
100
20,716
20,816
Year ended 30 June 2024:
Profit and total comprehensive income
-
3,195
3,195
Balance at 30 June 2024
100
23,911
24,011
Year ended 30 June 2025:
Loss and total comprehensive income
-
(6,725)
(6,725)
Balance at 30 June 2025
100
17,186
17,286
PREMIER FLIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
1
Accounting policies
Company information
Premier Flight Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lakeview House, 4 Woodbrook Crescent, Billericay, Essex, United Kingdom, CM12 0EQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.
When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.
1.2
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
20% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.3
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
PREMIER FLIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 7 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
7,095
Deferred tax
Origination and reversal of timing differences
(1,724)
(6,439)
Total tax (credit)/charge
(1,724)
656
PREMIER FLIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 8 -
4
Tangible fixed assets
Plant and machinery
£
Cost
At 1 July 2024
45,160
Disposals
(45,160)
At 30 June 2025
Depreciation and impairment
At 1 July 2024
38,263
Eliminated in respect of disposals
(38,263)
At 30 June 2025
Carrying amount
At 30 June 2025
At 30 June 2024
6,897
5
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
4,794
Taxation and social security
12,311
Other creditors
700
1,200
700
18,305
6
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
7
1,724
7
Deferred taxation
Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
-
1,724
Balance per TB
-
Warning - Difference exists; check stat db entries
(1,724)
There were no deferred tax movements in the year.
PREMIER FLIGHT SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
7
Deferred taxation
(Continued)
- 9 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
100
100
100
100
9
Related party transactions
2025
2024
Amounts due to related parties
£
£
Other related parties
-
(4,794)
2025-06-302024-07-01falsefalsefalse15 August 2025CCH SoftwareCCH Accounts Production 2025.200No description of principal activityMr R K PughMr J W RessellMrs A J Pugh011981192024-07-012025-06-3001198119bus:Director12024-07-012025-06-3001198119bus:Director22024-07-012025-06-3001198119bus:CompanySecretary12024-07-012025-06-3001198119bus:RegisteredOffice2024-07-012025-06-30011981192025-06-30011981192023-07-012024-06-3001198119core:RetainedEarningsAccumulatedLosses2023-07-012024-06-3001198119core:RetainedEarningsAccumulatedLosses2024-07-012025-06-30011981192024-06-3001198119core:PlantMachinery2025-06-3001198119core:PlantMachinery2024-06-3001198119core:ShareCapital2025-06-3001198119core:ShareCapital2024-06-3001198119core:RetainedEarningsAccumulatedLosses2025-06-3001198119core:RetainedEarningsAccumulatedLosses2024-06-3001198119core:ShareCapital2023-06-3001198119core:RetainedEarningsAccumulatedLosses2023-06-3001198119core:ShareCapitalOrdinaryShareClass12025-06-3001198119core:ShareCapitalOrdinaryShareClass12024-06-3001198119core:PlantMachinery2024-07-012025-06-3001198119core:UKTax2024-07-012025-06-3001198119core:UKTax2023-07-012024-06-3001198119core:PlantMachinery2024-06-3001198119core:CurrentFinancialInstruments2025-06-3001198119core:CurrentFinancialInstruments2024-06-3001198119bus:OrdinaryShareClass12024-07-012025-06-3001198119bus:OrdinaryShareClass12025-06-3001198119bus:OrdinaryShareClass12024-06-3001198119bus:PrivateLimitedCompanyLtd2024-07-012025-06-3001198119bus:SmallCompaniesRegimeForAccounts2024-07-012025-06-3001198119bus:FRS1022024-07-012025-06-3001198119bus:AuditExemptWithAccountantsReport2024-07-012025-06-3001198119bus:FullAccounts2024-07-012025-06-30xbrli:purexbrli:sharesiso4217:GBP