REGISTERED NUMBER: SC290534 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Premier One Stop Shop Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Latif

REGISTERED OFFICE:

307 Wellesley Road

Leven

Fife

KY8 3BT

REGISTERED NUMBER:

SC290534 (Scotland)

ACCOUNTANTS:

akb Chartered Accountants

86 Albert Road

Glasgow

Lanarkshire

G42 8DR

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

63,559

59,793

63,559

59,793

CURRENT ASSETS

Stocks

68,027

66,711

Debtors

6

23,646

-

Cash at bank and in hand

145,273

273,636

236,946

340,347

CREDITORS

Amounts falling due within one year

7

98,730

175,748

NET CURRENT ASSETS

138,216

164,599

TOTAL ASSETS LESS CURRENT LIABILITIES

201,775

224,392

PROVISIONS FOR LIABILITIES

15,714

14,734

NET ASSETS

186,061

209,658

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

186,059

209,656

SHAREHOLDERS' FUNDS

186,061

209,658

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2025 and were signed by:

H Latif - Director

1.	STATUTORY INFORMATION

Premier One Stop Shop Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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 2005, is being amortised evenly over its estimated useful life of ten 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 each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2024 - 28 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

50,000

AMORTISATION

At 1 April 2024

and 31 March 2025

50,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

134,305

34,610

168,915

Additions

19,864

-

19,864

At 31 March 2025

154,169

34,610

188,779

DEPRECIATION

At 1 April 2024

77,838

31,284

109,122

Charge for year

15,266

832

16,098

At 31 March 2025

93,104

32,116

125,220

NET BOOK VALUE

At 31 March 2025

61,065

2,494

63,559

At 31 March 2024

56,467

3,326

59,793

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Prepayments

23,646

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank Loan

29,509

48,393

Trade creditors

292

1,133

Tax

5,504

21,949

Social security and other taxes

68

168

VAT

11,914

8,307

Directors' current accounts

50,705

95,087

Accrued expenses

738

711

98,730

175,748

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H Latif.

Mr Latif and his wife Mrs Latif own 50% each of the shares of the company, and Mr Latif is the sole director of the company.