UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

PREMIER FURNISHINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountant's Report

6

DIRECTORS:

Mr S Fletcher

Mrs L J Parker

SECRETARY:

Mrs L J Parker

REGISTERED OFFICE:

Park Road

Ilkeston

Derbyshire

DE7 5DR

REGISTERED NUMBER:

03707567 (England and Wales)

ACCOUNTANT:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

FIXED ASSETS

Tangible assets

4

51,901

72,786

CURRENT ASSETS

Stocks

361,921

405,072

Debtors

5

301,217

322,208

Cash at bank

24,662

6,562

687,800

733,842

CREDITORS

Amounts falling due within one year

6

451,072

433,398

NET CURRENT ASSETS

236,728

300,444

TOTAL ASSETS LESS CURRENT LIABILITIES

288,629

373,230

CREDITORS

Amounts falling due after more than one year

7

(4,330

)

(16,829

)

PROVISIONS FOR LIABILITIES

(3,348

)

(7,978

)

NET ASSETS

280,951

348,423

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Capital redemption reserve

50,000

50,000

Retained earnings

180,951

248,423

280,951

348,423

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 16 January 2026 and were signed on its behalf by:

Mr S Fletcher - Director

1.	STATUTORY INFORMATION

Premier Furnishings 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.

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

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 10% on cost and Straight line over 3 years

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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 May 2024

5,376

292,902

148,346

51,990

498,614

Additions

-

439

-

-

439

Disposals

-

-

(4,700

)

-

(4,700

)

At 30 April 2025

5,376

293,341

143,646

51,990

494,353

DEPRECIATION

At 1 May 2024

5,376

255,329

114,501

50,622

425,828

Charge for year

-

9,512

7,801

1,367

18,680

Eliminated on disposal

-

-

(2,056

)

-

(2,056

)

At 30 April 2025

5,376

264,841

120,246

51,989

442,452

NET BOOK VALUE

At 30 April 2025

-

28,500

23,400

1

51,901

At 30 April 2024

-

37,573

33,845

1,368

72,786

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 May 2024

and 30 April 2025

19,950

DEPRECIATION

At 1 May 2024

8,729

Charge for year

2,805

At 30 April 2025

11,534

NET BOOK VALUE

At 30 April 2025

8,416

At 30 April 2024

11,221

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

259,033

201,112

Other debtors

10,127

33,264

Directors' current accounts

-

8,085

Tax

4,820

7,275

Corporation tax

-

6,610

Prepayments

27,237

65,862

301,217

322,208

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

82,065

55,674

Hire purchase contracts

2,138

6,149

Trade creditors

242,333

272,284

Social security and other taxes

6,311

6,497

VAT

88,713

60,163

Other creditors

2,476

2,602

Directors' current accounts

1,947

-

Accrued expenses

25,089

30,029

451,072

433,398

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

4,330

10,404

Bank loans - 2-5 years

-

4,287

Hire purchase contracts

-

2,138

4,330

16,829

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

2,138

8,287

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2025 and 30 April 2024:

2025

2024

£

£

Mrs L J Parker

Balance outstanding at start of year

100

100

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

100

100

Mr S Fletcher

Balance outstanding at start of year

7,985

14,182

Amounts advanced

17,468

18,703

Amounts repaid

(27,500

)

(24,900

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,047

)

7,985

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of Premier Furnishings Ltd for the year ended 30 April 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Premier Furnishings Ltd, as a body, in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Premier Furnishings Ltd and state those matters that I have agreed to state to the Board of Directors of Premier Furnishings Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for my work or for this report.

It is your duty to ensure that Premier Furnishings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Premier Furnishings Ltd. You consider that Premier Furnishings Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of Premier Furnishings Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

19 January 2026