Premier Truck & Bus Ltd

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 04147686

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		11,826		14,668

			11,826		14,668
CURRENT ASSETS
Stocks		9,164		11,190
Debtors		73,328		51,733
Cash at bank and in hand		67,391		74,539

		149,883		137,462
Creditors: Amounts Falling Due Within One Year		(101,602 )		(86,812 )

NET CURRENT ASSETS (LIABILITIES)			48,281		50,650

TOTAL ASSETS LESS CURRENT LIABILITIES			60,107		65,318

NET ASSETS			60,107		65,318

CAPITAL AND RESERVES
Called up share capital	5		12		12
Profit and Loss Account			60,095		65,306

SHAREHOLDERS' FUNDS			60,107		65,318

Page 1

Page 2

Premier Truck & Bus Ltd

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Glenn Bond

Director

18/07/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Premier Truck & Bus Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04147686 . The registered office is Premier Truck and Bus, Albert Crescent, St Phillips, Bristol, BS2 0SU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% Reducing Balance
Motor Vehicles	15% Reducing Balance
Computer Equipment	15% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	51,698

As at 31 March 2025	51,698

Depreciation
As at 1 April 2024	37,030
Provided during the period	2,842

As at 31 March 2025	39,872

...CONTINUED

Page 3

Page 4

Premier Truck & Bus Ltd

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	11,826

As at 1 April 2024	14,668

5. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	12	12

Page 4