Premier Handling Systems Limited

Registered number

SC693074

Filleted Accounts

31 March 2025

Premier Handling Systems Limited
Registered number:		SC693074
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		61,594			16,125

Current assets
Stocks		4,000			4,635
Debtors	4	6,656			6,060
Cash at bank and in hand		54,138			93,617
		64,794			104,312

Creditors: amounts falling due within one year	5	(62,947)			(57,460)

Net current assets			1,847			46,852

Total assets less current liabilities			63,441			62,977

Creditors: amounts falling due after more than one year	6		(598)			(7,764)



Net assets			62,843			55,213

Capital and reserves
Called up share capital			10			10
Profit and loss account			62,833			55,203

Shareholders' funds			62,843			55,213

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




R M Finney
Director
Approved by the board on 12 December 2025

Premier Handling Systems Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Plant and machinery	25%		Reducing balance
	Motor vehicles	25%		Reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		0


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 April 2024	-		21,500		21,500
	Additions	54,000		-		54,000
	At 31 March 2025	54,000		21,500		75,500

	Depreciation
	At 1 April 2024	-		5,375		5,375
	Charge for the year	4,500		4,031		8,531
	At 31 March 2025	4,500		9,406		13,906

	Net book value
	At 31 March 2025	49,500		12,094		61,594
	At 31 March 2024	-		16,125		16,125


4	Debtors			2025		2024
£					£

	Trade debtors			4,776		6,060
	Other debtors-VAT			1,880		-
				6,656		6,060


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			7,166		7,166
	Trade creditors			14,000		12,037
	Corporation tax			11,901		12,567
	Taxation and social security costs			-		8,667
	Other creditors			29,880		17,023
				62,947		57,460


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			598		7,764


7	Other information

	Premier Handling Systems Limited is a private company limited by shares and incorporated in England. Its registered office is:
	6b Hunter Street
	The Village
	East Kilbride
	G74 4LZ