REGISTERED NUMBER: 04219374 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

PREMIER FRAMES (LEICESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr DM Ward

Mrs J Ward

Mr JG Ward

SECRETARY:

Mrs J Ward

REGISTERED OFFICE:

4-6 Ireton Avenue

Leicester

Leicestershire

LE4 9EU

REGISTERED NUMBER:

04219374 (England and Wales)

BANKERS:

National Westminster Bank PLC

1 Granby Street

Leicester

Leicestershire

LE1 9GT

FIXED ASSETS

Tangible assets

4

8,413

14,953

CURRENT ASSETS

Stocks

5

49,736

46,070

Debtors

6

408,224

461,953

Cash at bank

126,887

104,596

584,847

612,619

CREDITORS

Amounts falling due within one year

7

502,574

529,760

NET CURRENT ASSETS

82,273

82,859

TOTAL ASSETS LESS CURRENT LIABILITIES

90,686

97,812

CREDITORS

Amounts falling due after more than one year

8

-

(7,894

)

PROVISIONS FOR LIABILITIES

(2,103

)

(3,738

)

NET ASSETS

88,583

86,180

CAPITAL AND RESERVES

Called up share capital

52

52

Capital redemption reserve

52

52

Retained earnings

88,479

86,076

SHAREHOLDERS' FUNDS

88,583

86,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 28 November 2025 and were signed on its behalf by:

Mrs J Ward - Director

1.	STATUTORY INFORMATION

Premier Frames (Leicester) 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.	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

Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice.

The company supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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 cost

Fixtures and fittings - 33% on cost

Motor Vehicles - 20% on 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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those 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 the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

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

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 July 2024

49,885

25,720

14,392

89,997

Additions

-

700

-

700

At 30 June 2025

49,885

26,420

14,392

90,697

DEPRECIATION

At 1 July 2024

38,097

25,435

11,512

75,044

Charge for year

4,031

329

2,880

7,240

At 30 June 2025

42,128

25,764

14,392

82,284

NET BOOK VALUE

At 30 June 2025

7,757

656

-

8,413

At 30 June 2024

11,788

285

2,880

14,953

5.

STOCKS

2025

2024

£

£

Stocks

49,736

46,070

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

265,103

350,248

Amounts owed by group undertakings

114,017

110,679

Other debtors

24,500

-

Prepayments and accrued income

4,604

1,026

408,224

461,953

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,333

8,000

Trade creditors

335,742

354,916

Taxation

20,866

19,448

Paye/Ni payable

15,120

13,522

VAT

33,267

40,978

Other creditors

3,461

12,542

Accruals and deferred income

86,785

80,354

502,574

529,760

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

7,894

9.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £24,500 (2024 - credit balance £7,500) from Complete Roof Solutions Limited, a related company.

No interest was charged on the above balances.

10.	PARENT UNDERTAKING

The ultimate parent undertaking of the company is Pine Walk Holdings Limited. The registered office and principal place of business of Pine Walk Holdings Limited is 4-6 Ireton Avenue, Leicester, LE4 9EU.

The company is the subsidiary undertaking of a small group and as such is not required by the companies Act 2006 to prepare group accounts.