REGISTERED NUMBER: 09511507 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PREMIUM SPRAY INSULATION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Rice

Mrs N Rice

REGISTERED OFFICE:

Finsbury House

New Street

Chipping Norton

Oxfordshire

OX7 5LL

REGISTERED NUMBER:

09511507 (England and Wales)

ACCOUNTANTS:

V M Murphy & Co

Finsbury House,

New Street,

Chipping Norton,

Oxfordshire

OX7 5LL

FIXED ASSETS

Tangible assets

4

106,562

107,442

CURRENT ASSETS

Debtors

5

159,209

191,009

Cash at bank and in hand

23,105

66,848

182,314

257,857

CREDITORS

Amounts falling due within one year

6

132,367

168,179

NET CURRENT ASSETS

49,947

89,678

TOTAL ASSETS LESS CURRENT LIABILITIES

156,509

197,120

CREDITORS

Amounts falling due after more than one year

7

11,327

21,667

NET ASSETS

145,182

175,453

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

145,180

175,451

SHAREHOLDERS' FUNDS

145,182

175,453

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 28 December 2025 and were signed on its behalf by:

Mrs N Rice - Director

1.	STATUTORY INFORMATION

Premium Spray Insulation Ltd 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

313,454

Additions

54,957

Disposals

(77,930

)

At 31 March 2025

290,481

DEPRECIATION

At 1 April 2024

206,012

Charge for year

35,521

Eliminated on disposal

(57,614

)

At 31 March 2025

183,919

NET BOOK VALUE

At 31 March 2025

106,562

At 31 March 2024

107,442

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

52,309

68,414

Other debtors

106,900

122,595

159,209

191,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,293

-

Hire purchase contracts

53,080

54,100

Trade creditors

40,665

67,430

Taxation and social security

29,222

40,900

Other creditors

4,107

5,749

132,367

168,179

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

11,327

21,667