Premier Vehicle Services Ipswich Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07619831

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		151,347		103,117

			151,347		103,117
CURRENT ASSETS
Stocks	5	10,422		9,960
Debtors	6	62,755		90,617
Cash at bank and in hand		38,838		33,814

		112,015		134,391
Creditors: Amounts Falling Due Within One Year	7	(128,593 )		(138,592 )

NET CURRENT ASSETS (LIABILITIES)			(16,578 )		(4,201 )

TOTAL ASSETS LESS CURRENT LIABILITIES			134,769		98,916

Creditors: Amounts Falling Due After More Than One Year	8		(103,622 )		(66,244 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(30,317 )		(25,779 )

NET ASSETS			830		6,893

CAPITAL AND RESERVES
Called up share capital	12		5		5
Profit and Loss Account			825		6,888

SHAREHOLDERS' FUNDS			830		6,893

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Premier Vehicle Services Ipswich Ltd

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Hedges-Quinn Director	Mr Ashley Beba Director
08/12/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Premier Vehicle Services Ipswich Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07619831 . The registered office is 41 Olympus Close, Ipswich, IP1 5LJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Computer Equipment	33% Straight Line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1
Sales, marketing and distribution	4	3

	5	4

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Premier Vehicle Services Ipswich Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 May 2024	120,334	138,263	4,189	262,786
Additions	12,869	81,692	-	94,561

As at 30 April 2025	133,203	219,955	4,189	357,347

Depreciation
As at 1 May 2024	68,203	87,749	3,717	159,669
Provided during the period	13,001	33,052	278	46,331

As at 30 April 2025	81,204	120,801	3,995	206,000

Net Book Value
As at 30 April 2025	51,999	99,154	194	151,347

As at 1 May 2024	52,131	50,514	472	103,117

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	86,359	41,612

5. Stocks

	2025	2024
	£	£
Materials	10,422	9,960

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	49,043	8,040
Prepayments and accrued income	12,675	6,203
Amounts owed by associates	1,037	76,374

	62,755	90,617

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Premier Vehicle Services Ipswich Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	40,138	12,493
Trade creditors	27,283	41,020
Bank loans and overdrafts	13,273	7,273
Corporation tax	20,776	46,701
Other taxes and social security	895	1,277
VAT	20,722	7,243
Other creditors	1,562	1,780
Accruals and deferred income	3,360	20,179
Directors' loan accounts	584	626

	128,593	138,592

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	71,663	58,365
Bank loans	31,959	7,879

	103,622	66,244

9. Secured Creditors

Of the creditors the following amounts are secured.

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	111,801	70,858
Bank loans and overdrafts	37,440	-

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	40,138	12,493
Later than one year and not later than five years	71,663	58,365

	111,801	70,858

	111,801	70,858

11. Deferred Taxation

The provision for deferred taxation is made up of accelerated capital allowances and losses carried forward.

	2025	2024
	£	£
Other timing differences	30,317	25,779

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Premier Vehicle Services Ipswich Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

12. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5	5

13. Other Commitments

At the end of the period the company had annual commitments under non-cancellable operating leases as follows:

	2025	2024
	£	£
Later than five years	15,990	15,990

	15,990	15,990

14. Directors Advances, Credits and Guarantees

The director has guaranteed the bank overdraft.

	2025	2024
	£	£
Mr Ashley Beba	14,500	14,500
Mr Mark Hedges-Quinn	21,000	30,000
Mrs Karina Hedges-Quinn	30,000	70,000

15. Related Party Transactions

The company was owed £37,134 (2024 £76,374) at the year end by Premier Tyre Centre Ltd a company owned by the director Mrs K Hedges-Quinn. Premier Tyre Centre Ltd invoiced the company £90,466 (2024 £28,676) for Subcontractor costs in the year.

16. Ultimate Controlling Party

The company's ultimate controlling party is Mr M Hedges-Quinn by virtue of his ownership of 100% of the issued share capital in the company.

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