REGISTERED NUMBER: 05250342 (England and Wales)

PREMIERCHOICE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTORS:

K A Gilby

L Hustler

H J Samson

SECRETARY:

J M Samson

REGISTERED OFFICE:

3 Algores Way

Weasenham Lane

Wisbech

Cambridgeshire

PE13 2TQ

REGISTERED NUMBER:

05250342 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

1,223,017

1,280,466

CURRENT ASSETS

Stocks

99,666

101,352

Debtors

5

2,981,296

2,777,834

Cash at bank

974,032

662,860

4,054,994

3,542,046

CREDITORS

Amounts falling due within one year

6

1,073,224

1,069,082

NET CURRENT ASSETS

2,981,770

2,472,964

TOTAL ASSETS LESS CURRENT LIABILITIES

4,204,787

3,753,430

CREDITORS

Amounts falling due after more than one year

7

562,913

666,718

NET ASSETS

3,641,874

3,086,712

CAPITAL AND RESERVES

Called up share capital

9

152,188

152,188

Capital redemption reserve

30,812

30,812

Retained earnings

3,458,874

2,903,712

SHAREHOLDERS' FUNDS

3,641,874

3,086,712

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2026 and were signed on its behalf by:

H J Samson - Director

1.	STATUTORY INFORMATION

Premierchoice 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.

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 recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and buildings

- 100 years straight line

Plant and machinery

- 5 years straight line

Fixtures, fittings and office equipment

- 5-10 years straight line

Motor vehicles

- 4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Provisions are made for obsolete and slow moving stocks.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 146 (2024 - 149 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

1,571,142

1,682,431

3,253,573

Additions

-

3,136

3,136

Disposals

-

(7,500

)

(7,500

)

At 31 December 2025

1,571,142

1,678,067

3,249,209

DEPRECIATION

At 1 January 2025

378,801

1,594,306

1,973,107

Charge for year

13,561

47,024

60,585

Eliminated on disposal

-

(7,500

)

(7,500

)

At 31 December 2025

392,362

1,633,830

2,026,192

NET BOOK VALUE

At 31 December 2025

1,178,780

44,237

1,223,017

At 31 December 2024

1,192,341

88,125

1,280,466

Included in land and buildings is freehold land of £215,000 (2024 - £215,000) which is not depreciated.

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

625,800

600,573

Other debtors

37,445

35,070

663,245

635,643

Amounts falling due after more than one year:

Amounts owed by group undertakings

2,318,051

2,142,191

Aggregate amounts

2,981,296

2,777,834

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

93,750

93,750

Trade creditors

416,311

441,667

Taxes and social security

465,265

428,950

Other creditors

97,898

104,715

1,073,224

1,069,082

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

93,750

93,750

Bank loans - 2-5 years

281,250

281,250

Bank loans more than 5 years

179,688

273,438

Other creditors

8,225

18,280

562,913

666,718

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

179,688

273,438

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

648,438

742,188

Hire purchase contracts

18,334

28,334

666,772

770,522

The bank loan is secured against all assets within the company including land and buildings. Hire purchase contracts are secured on the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

152,188

Ordinary

1

152,188

152,188

10.	OPERATING LEASE COMMITMENTS

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £93,310 (2024: £143,012)