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REGISTERED NUMBER: 08041947 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Premierseal Limited

Premierseal Limited (Registered number: 08041947)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Report of the Accountants | 8 |

Premierseal Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | Mr D C Harris

| Mrs A R Harris

| REGISTERED OFFICE: | 12-14 Highcroft Industrial Estate

| Enterprise Road

| Waterlooville

| Hampshire

| PO8 0BT

| REGISTERED NUMBER: | 08041947 (England and Wales)

| ACCOUNTANTS: | Priors Consultancy (Southern) Limited

| 12 Priors Close

| Southbourne

| Emsworth

| Hampshire

| PO10 8LJ

Premierseal Limited (Registered number: 08041947)

Balance Sheet

31 March 2025

| 31.3.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 227,704 |  | 257,790 |  |

CURRENT ASSETS

Stocks | 5 | 200,000 |  | 203,000 |  |

Debtors | 6 | 890,909 |  | 631,219 |  |

Cash at bank and in hand | 56,688 |  | 151,585 |  |

1,147,597 |  | 985,804 |  |

CREDITORS

Amounts falling due within one year | 7 | 880,689 |  | 622,648 |  |

NET CURRENT ASSETS | 266,908 |  | 363,156 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 494,612 |  | 620,946 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (187,967 | ) | (36,687 | ) |

NET ASSETS | 682,579 |  | 657,633 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 10 | 682,479 |  | 657,533 |  |

682,579 |  | 657,633 |  |

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 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.

Premierseal Limited (Registered number: 08041947)

Balance Sheet - continued

31 March 2025

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 Board of Directors and authorised for issue on 13 November 2025 and were signed on its behalf by:

Mr D C Harris - Director

Mrs A R Harris - Director

Premierseal Limited (Registered number: 08041947)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

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

| Tangible fixed assets

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

| Stocks

| 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 items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

Premierseal Limited (Registered number: 08041947)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| 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 11 (2024 - 11 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 58,328 |  | 46,472 |  | 350,945 |  | 33,866 |  | 489,611 |  |

| Additions | - |  | 2,625 |  | 15,550 |  | 8,388 |  | 26,563 |  |

| At 31 March 2025 | 58,328 |  | 49,097 |  | 366,495 |  | 42,254 |  | 516,174 |  |

| DEPRECIATION

| At 1 April 2024 | 26,677 |  | 28,186 |  | 160,664 |  | 16,294 |  | 231,821 |  |

| Charge for year | 6,250 |  | 4,182 |  | 41,062 |  | 5,155 |  | 56,649 |  |

| At 31 March 2025 | 32,927 |  | 32,368 |  | 201,726 |  | 21,449 |  | 288,470 |  |

| NET BOOK VALUE

| At 31 March 2025 | 25,401 |  | 16,729 |  | 164,769 |  | 20,805 |  | 227,704 |  |

| At 31 March 2024 | 31,651 |  | 18,286 |  | 190,281 |  | 17,572 |  | 257,790 |  |

5. | STOCKS

| 31.3.25 |  | 31.3.24

£ | £ |

| Stocks | 66,000 |  | 28,000 |  |

| Work-in-progress | 134,000 |  | 175,000 |  |

200,000 |  | 203,000 |  |

Premierseal Limited (Registered number: 08041947)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Trade debtors | 507,715 |  | 492,845 |  |

| Retentions | 123,528 |  | 5,646 |  |

| Other debtors | 259,666 |  | 132,728 |  |

890,909 |  | 631,219 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts (see note 9) | 87,778 |  | 22,406 |  |

| Hire purchase contracts | 124,650 |  | 187,782 |  |

| Trade creditors | 503,012 |  | 280,035 |  |

| Tax | 51 |  | 7,101 |  |

| Social security and other taxes | 42,780 |  | 25,663 |  |

| Student loan | 173 |  | 443 |  |

| VAT | 121,190 |  | 60,121 |  |

| Company credit card | 1,055 |  | 12 |  |

| Directors' current accounts | - |  | 39,085 |  |

880,689 |  | 622,648 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.3.25 |  | 31.3.24

£ | £ |

| Other loans (see note 9) | (187,967 | ) | (36,687 | ) |

9. | LOANS

| An analysis of the maturity of loans is given below:

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 75,568 |  | - |  |

| Bounce back loan | 12,210 |  | 22,406 |  |

87,778 |  | 22,406 |  |

Premierseal Limited (Registered number: 08041947)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. | LOANS - continued

| 31.3.25 |  | 31.3.24

£ | £ |

| Amounts falling due between one and two years:

| Loan balance | 11,373 |  | 18,898 |  |

| Prem Group Loan | 91,182 |  | 2,996 |  |

| Premelec Loan | (9,625 | ) | (120,838 | ) |

| Premfit Loan | (8,051 | ) | (5,573 | ) |

| Premsafe South Loan | (272,846 | ) | 67,830 |  |

(187,967 | ) | (36,687 | ) |

10. | RESERVES

| Retained

| earnings

£ |

| At 1 April 2024 | 657,533 |  |

| Profit for the year | 24,946 |  |

| At 31 March 2025 | 682,479 |  |

Premierseal Limited

Report of the Accountants to the Directors of

Premierseal Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Priors Consultancy (Southern) Limited

12 Priors Close

Southbourne

Emsworth

Hampshire

PO10 8LJ

Date: .............................................