REGISTERED NUMBER: 13973992 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Premier Electrical & Plumbing

Services Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Intangible assets

5

7,000

10,500

Tangible assets

6

108,659

31,460

115,659

41,960

Current assets

Debtors

7

86,623

151,980

Cash at bank

56,725

120,186

143,348

272,166

Creditors

Amounts falling due within one year

8

(216,815

)

(228,445

)

Net current (liabilities)/assets

(73,467

)

43,721

Total assets less current liabilities

42,192

85,681

Creditors

Amounts falling due after more than one year

9

(8,226

)

-

Provisions for liabilities

(6,038

)

(7,872

)

Net assets

27,928

77,809

Capital and reserves

Called up share capital

100

100

Retained earnings

27,828

77,709

27,928

77,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2025 and were signed by:

Mr M E Hudson - Director

1.	Statutory information

Premier Electrical & Plumbing Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13973992

Registered office:

Unit 4

9 Blenheim Way

West Raynham Business Park

Fakenham

Norfolk

NR21 7PL

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Motor vehicles

-

25% p.a. reducing balance

Office equipment

-

25% p.a. reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

4.	Employees and directors

The average number of employees during the year was 8 (2024 - 9 ) .

5.	Intangible fixed assets

Goodwill

£

Cost

At 1 April 2024

and 31 March 2025

17,500

Amortisation

At 1 April 2024

7,000

Amortisation for year

3,500

At 31 March 2025

10,500

Net book value

At 31 March 2025

7,000

At 31 March 2024

10,500

6.	Tangible fixed assets

Motor

Office

vehicles

equipment

Totals

£

£

£

Cost

At 1 April 2024

46,004

6,143

52,147

Additions

89,931

2,625

92,556

At 31 March 2025

135,935

8,768

144,703

Depreciation

At 1 April 2024

18,689

1,998

20,687

Charge for year

14,157

1,200

15,357

At 31 March 2025

32,846

3,198

36,044

Net book value

At 31 March 2025

103,089

5,570

108,659

At 31 March 2024

27,315

4,145

31,460

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

Motor vehicles

£

At 31 March 2025

60,377

At 31 March 2024

-

7.

Debtors: amounts falling due within one year

31.3.25

31.3.24

£

£

Trade debtors

70,970

145,694

Other debtors

15,653

6,286

86,623

151,980

8.

Creditors: amounts falling due within one year

31.3.25

31.3.24

£

£

Hire purchase contracts

10,968

-

Trade creditors

26,964

17,234

Taxation and social security

53,684

58,950

Other creditors

125,199

152,261

216,815

228,445

9.

Creditors: amounts falling due after more than one year

31.3.25

31.3.24

£

£

Hire purchase contracts

8,226

-

10.	Related party disclosures

During the year the company traded in goods and services amounting to £29,001 (2024: £39,485) with Hudson Holdings & Developments Ltd. These transactions were on an arms length basis. Hudson Holdings & Developments Ltd owed the company £9,994 at the year end (2024: £16,559).

Mr M E Hudson is the sole director of Hudson Holdings & Developments Ltd.

11.	Ultimate controlling party

The company was under the control of Mr M E Hudson throughout the current and previous year by virtue of his ownership of 100% (2024 - 100%) of the issued share capital in the company.