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Registered number: 09142143
Premier Group Recycling Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Alan Minshall Accountants Ltd
18 Whitemoor Road
Brockenhurst
Hampshire
SO42 7QG
Premier Group Recycling Limited
Registered number: 09142143
Premier Group Recycling Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Premier Group Recycling Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Graham Ashton
Henry Ashton
SECRETARY
None
REGISTERED OFFICE
Unit 3, Hardley Industrial Estate
Lime Kiln Lane, Hardley
Southampton
Hampshire
SO45 3NQ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09142143
ACCOUNTANTS
Alan Minshall Accountants Ltd
18 Whitemoor Road
Brockenhurst
Hampshire
SO42 7QG
Premier Group Recycling Limited
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet4
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Premier Group Recycling Limited
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Tangible assets3257,695289,562
CURRENT ASSETS
Debtors4449,156498,663
Cash at bank and in hand27,4375,238
476,593503,901
CREDITORS: Amounts falling due within one year5726,136650,993
NET CURRENT LIABILITIES(249,543)(147,092)
TOTAL ASSETS LESS CURRENT LIABILITIES8,152142,470
CREDITORS: Amounts falling due after more than one year671,559171,397
PROVISIONS FOR LIABILITIES AND CHARGES764,59341,934
NET LIABILITIES(128,000)(70,861)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account(128,100)(70,961)
SHAREHOLDERS' FUNDS(128,000)(70,861)
For the year ending 31/03/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/12/2025 and signed on their behalf by
.............................
Henry Ashton
Director
Premier Group Recycling Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Short Leasehold Propertiesstraight line 20%
Plant and Machineryreducing balance 20%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 20%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1d. 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 life. Those held under finance leases are depreciated over their estimated useful life or the lease term, whichever is the shorter.
The interest element of these obligations is charged to the profit and 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.
2. EMPLOYEES
20252024
No.No.
Average number of employees2018
Premier Group Recycling Limited
3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andCommercialFixtures
PropertiesMachineryVehiclesand FittingsEquipmentTotal
££££££
Cost
At 01/04/202420,000311,853249,6101,1391,077583,679
Additions-990159,500222-160,712
Disposals--(181,040)--(181,040)
At 31/03/202520,000312,843228,0701,3611,077563,351
Depreciation
At 01/04/202412,000196,74184,064779533294,117
Disposals--(64,982)--(64,982)
For the year4,00022,85549,3772721776,521
At 31/03/202516,000219,59668,4591,051550305,656
Net Book Amounts
At 31/03/20254,00093,247159,611310527257,695
At 31/03/20248,000115,112165,546360544289,562
4. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors129,026223,011
Salaries and wages control-8,522
Other debtors84,74661,216
Directors current account235,384205,914
449,156498,663
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax56,28967,220
VAT126,34597,171
PAYE control106,44164,361
Salaries and wages control11,549-
Bank loans and overdrafts-4
Bank Loan10,43712,320
Other loans218,743185,501
Hire purchase84,56388,329
Trade creditors70,48036,922
Other creditors-60,847
Pension schemes41,28938,318
726,136650,993
Premier Group Recycling Limited
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20252024
££
Bank loans (unsecured) >1yr1,88310,180
Loans >1yr17,614141,028
Hire purchase >1yr52,06220,189
71,559171,397
7. PROVISIONS FOR LIABILITIES 20252024
££
Deferred taxation64,59341,934
64,59341,934
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
7500 Ordinary shares of £0.01 each7575
2500 Class B shares of £0.01 each2525
100100
9. RELATED PARTY TRANSACTIONS
Directors Loan Account at 31 March 2024: £205,914
Directors Loan Account at 31 March 2025: £235,384