Company No: 06678170 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	32,225		36,253
Tangible assets	4	49,258		50,982
		81,483		87,235
Current assets
Stocks	5	355,078		326,125
Debtors	6	505,361		383,536
Cash at bank and in hand		162,160		34,143
		1,022,599		743,804
Creditors: amounts falling due within one year	7	( 577,153)		( 421,522)
Net current assets		445,446		322,282
Total assets less current liabilities		526,929		409,517
Creditors: amounts falling due after more than one year	8	( 10,670)		( 37,089)
Net assets		516,259		372,428
Capital and reserves
Called-up share capital	9	1,500		1,500
Profit and loss account		514,759		370,928
Total shareholder's funds		516,259		372,428

For the financial 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.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Premfast Ltd (registered number: 06678170) were approved and authorised for issue by the Board of Directors on 02 September 2025. They were signed on its behalf by:

L J Brencher Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Premfast Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 Wessex Trade Centre, Ringwood Road, Poole, BH12 3PF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Plant and machinery	25 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		15

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2024	40,281		40,281
At 31 March 2025	40,281		40,281
Accumulated amortisation
At 01 April 2024	4,028		4,028
Charge for the financial year	4,028		4,028
At 31 March 2025	8,056		8,056
Net book value
At 31 March 2025	32,225		32,225
At 31 March 2024	36,253		36,253

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2024	2,058		3,804		35,460		48,235		39,409		128,966
Additions	0		0		7,400		0		5,079		12,479
At 31 March 2025	2,058		3,804		42,860		48,235		44,488		141,445
Accumulated depreciation
At 01 April 2024	0		3,641		11,349		35,000		27,994		77,984
Charge for the financial year	0		41		5,932		3,309		4,921		14,203
At 31 March 2025	0		3,682		17,281		38,309		32,915		92,187
Net book value
At 31 March 2025	2,058		122		25,579		9,926		11,573		49,258
At 31 March 2024	2,058		163		24,111		13,235		11,415		50,982

5. Stocks

	2025		2024
	£		£
Stocks	355,078		326,125

6. Debtors

	2025		2024
	£		£
Trade debtors	483,332		360,938
Other debtors	22,029		22,598
	505,361		383,536

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	31,748		56,617
Trade creditors	373,206		250,165
Taxation and social security	131,236		96,889
Obligations under finance leases and hire purchase contracts (secured)	2,368		0
Other creditors	38,595		17,851
	577,153		421,522

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	5,342		37,089
Obligations under finance leases and hire purchase contracts (secured)	5,328		0
	10,670		37,089

Assets held under hire purchase contracts are secured on the assets to which they relate.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,500 Ordinary shares of £ 1.00 each	1,500		1,500

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	42,000		42,000
between one and five years	157,500		199,500
	199,500		241,500

11. Ultimate controlling party

Parent Company:

Premfast Holdings Limited

Unit 1 Wessex Trade Centre, Ringwood Road, Poole, United Kingdom, BH12 3PF