REGISTERED NUMBER: 01431071 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Premier Fuel Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R E Fletcher

R H Fletcher

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

BUSINESS ADDRESS:

Willow Road

Trent Lane Industrial Estate

Castle Donington

Derbyshire

DE74 2NP

REGISTERED NUMBER:

01431071 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

CURRENT ASSETS

Stocks

157,796

135,957

Debtors

5

335,077

515,597

Cash at bank

365,556

205,188

858,429

856,742

CREDITORS

Amounts falling due within one year

6

420,466

527,677

NET CURRENT ASSETS

437,963

329,065

TOTAL ASSETS LESS CURRENT LIABILITIES

437,963

329,065

CAPITAL AND RESERVES

Called up share capital

3,150

3,150

Retained earnings

434,813

325,915

SHAREHOLDERS' FUNDS

437,963

329,065

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

R E Fletcher - Director

1.	STATUTORY INFORMATION

Premier Fuel Systems Limited is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sales of goods, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% to 33% on cost

Stocks

Stocks are valued at purchase invoice price on an average cost basis, which are then stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing differences and losses can be deducted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

31,500

164,367

195,867

DEPRECIATION

At 1 February 2024

and 31 January 2025

31,500

164,367

195,867

NET BOOK VALUE

At 31 January 2025

-

-

-

At 31 January 2024

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

314,995

486,963

Other debtors

5,174

15,186

Prepayments

14,908

13,448

335,077

515,597

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

87,107

127,164

Social security and other taxes

13,914

11,937

Other creditors

1,828

-

Amounts owed to related parties

-

50,000

Directors' current accounts

7,931

8,311

Accrued expenses

309,686

330,265

420,466

527,677