REGISTERED NUMBER: 04090530 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

PREMIER FISH LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J White

Mr A Richards

Mrs K S Adams

REGISTERED OFFICE:

Unit 2, Scotts Close

Downton Business Park

Downton

Salisbury

Wiltshire

SP5 3RA

REGISTERED NUMBER:

04090530 (England and Wales)

FIXED ASSETS

Tangible assets

5

430,525

343,978

Investments

6

2

2

430,527

343,980

CURRENT ASSETS

Stocks

200,678

165,119

Debtors

7

1,839,794

1,621,899

Cash at bank and in hand

41,934

147,176

2,082,406

1,934,194

CREDITORS

Amounts falling due within one year

8

1,246,604

1,098,677

NET CURRENT ASSETS

835,802

835,517

TOTAL ASSETS LESS CURRENT LIABILITIES

1,266,329

1,179,497

CREDITORS

Amounts falling due after more than one year

9

(92,530

)

(140,218

)

PROVISIONS FOR LIABILITIES

(104,337

)

(82,490

)

NET ASSETS

1,069,462

956,789

CAPITAL AND RESERVES

Called up share capital

11

400

400

Retained earnings

1,069,062

956,389

SHAREHOLDERS' FUNDS

1,069,462

956,789

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.

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 15 December 2025 and were signed on its behalf by:

Mr A J White - Director

1.	STATUTORY INFORMATION

Premier Fish 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Premier Fish Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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 significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Land and buildings - Leasehold

-

10% straight line

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

All fixed assets are initially recorded at cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 contributes to defined contribution pension schemes. Contributions payable to the pension schemes are charged to the Income Statement in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2024 - 41 ) .

5.	TANGIBLE FIXED ASSETS

Land and

Fixtures

buildings

Plant and

and

- Leasehold

machinery

fittings

£

£

£

COST

At 1 April 2024

224,841

309,066

92,854

Additions

6,246

80,832

1,653

Disposals

-

(158,025

)

(51,039

)

At 31 March 2025

231,087

231,873

43,468

DEPRECIATION

At 1 April 2024

224,841

217,783

61,229

Charge for year

336

24,857

10,667

Eliminated on disposal

-

(150,668

)

(51,039

)

At 31 March 2025

225,177

91,972

20,857

NET BOOK VALUE

At 31 March 2025

5,910

139,901

22,611

At 31 March 2024

-

91,283

31,625

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

508,325

107,562

1,242,648

Additions

117,813

7,185

213,729

Disposals

(108,118

)

(92,203

)

(409,385

)

At 31 March 2025

518,020

22,544

1,046,992

DEPRECIATION

At 1 April 2024

292,702

102,115

898,670

Charge for year

65,110

4,777

105,747

Eliminated on disposal

(94,040

)

(92,203

)

(387,950

)

At 31 March 2025

263,772

14,689

616,467

NET BOOK VALUE

At 31 March 2025

254,248

7,855

430,525

At 31 March 2024

215,623

5,447

343,978

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 April 2024

and 31 March 2025

2

NET BOOK VALUE

At 31 March 2025

2

At 31 March 2024

2

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

576,337

447,796

Amounts owed by group undertakings

1,062,935

1,066,859

Other debtors

200,522

107,244

1,839,794

1,621,899

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

71,038

65,018

Hire purchase contracts

68,576

82,267

Trade creditors

650,986

600,918

Amounts owed to group undertakings

1

1

Taxation and social security

35,817

25,502

Other creditors

420,186

324,971

1,246,604

1,098,677

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

71,038

Hire purchase contracts

92,530

69,180

92,530

140,218

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

161,106

151,447

Other creditors

377,260

-

538,366

151,447

The hire purchase contracts are secured over the assets acquired under the agreement.

The other creditors are secured against trade debtors.

Bank loans include £71,038 (2024: £136,056) borrowed under the Coronavirus Business Interruption Loan Scheme. The UK Government has provided the lender with a limited guarantee of up to 80% of the capital of the loan.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

A Ordinary

£1

200

200

200

B Ordinary

£1

200

200

400

400

12.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £176,100 (2024: £264,131).

This amount is in relation to operating lease commitments which are payable over the next 3 years (2024: 4 years).

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where related party transactions have been undertaken under normal market conditions.