Company Registration No. 7590923 (England and Wales)
Premier Produce (UK) Ltd
Unaudited accounts
for the year ended 31 March 2025
Premier Produce (UK) Ltd
Unaudited accounts
Contents
Premier Produce (UK) Ltd
Company Information
for the year ended 31 March 2025
Directors
K Mahmood
M Ilyas
Company Number
7590923 (England and Wales)
Registered Office
53 SOUTHAM ROAD
BIRMINGHAM
B28 8DQ
UK
Accountants
Aspire Accountants Ltd
Radclyffe House
Suite D
66-68 Hagley Road
Birmingham
B16 8PF
Premier Produce (UK) Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
31,063
38,462
Cash at bank and in hand
221,020
85,059
Creditors: amounts falling due within one year
(77,150)
(111,710)
Net current assets
412,830
330,814
Total assets less current liabilities
443,893
369,276
Creditors: amounts falling due after more than one year
(157,413)
(23,276)
Net assets
286,480
346,000
Called up share capital
6
6
Profit and loss account
286,474
345,994
Shareholders' funds
286,480
346,000
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by
K Mahmood
Director
Company Registration No. 7590923
Premier Produce (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2025
Premier Produce (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 7590923. The registered office is 53 SOUTHAM ROAD, BIRMINGHAM, B28 8DQ, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of eight years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance and 25% on cost
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Premier Produce (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
261,847
16,690
278,537
Disposals
(30,636)
-
(30,636)
At 31 March 2025
234,211
16,690
250,901
At 1 April 2024
230,426
9,649
240,075
Charge for the year
8,372
1,760
10,132
On disposals
(30,369)
-
(30,369)
At 31 March 2025
208,429
11,409
219,838
At 31 March 2025
25,782
5,281
31,063
At 31 March 2024
31,421
7,041
38,462
Amounts falling due within one year
Other debtors
268,960
357,465
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,182
-
Taxes and social security
-
8,116
Other creditors
12,728
14,186
Loans from directors
49,040
84,208
Premier Produce (UK) Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
1,788
-
10
Average number of employees
During the year the average number of employees was 28 (2024: 37).