Registered number
13072621
Premium Motor Parts Ltd
Filleted Accounts
31 December 2025

Premium Motor Parts Ltd
Registered number: | 13072621
Balance Sheet
as at 31 December 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Current assets
Stocks |  |  | 28,170 |  |  | 29,670
Cash at bank and in hand |  |  | 4,317 |  |  | 5,513
|  |  | 32,487 |  |  | 35,183
Creditors: amounts falling due within one year | 3 |  | (13,291) |  |  | (20,643)
Net current assets |  |  |  | 19,196 |  |  | 14,540
Net assets |  |  |  | 19,196 |  |  | 14,540
Capital and reserves
Called up share capital |  |  |  | 2 |  |  | 2
Profit and loss account |  |  |  | 19,194 |  |  | 14,538
Shareholders' funds |  |  |  | 19,196 |  |  | 14,540
The director is 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 director acknowledges his 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.
Soban Ahmed
Director
Approved by the board on 21 May 2026

Premium Motor Parts Ltd
Notes to the Accounts
for the year ended 31 December 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
| 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.
| 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.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | 1 |  | 1
3 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 478 |  | 846
| Director's account |  | 1,576 |  | 8,940
| Taxation and social security costs | 3,061 |  | 7,919
| Other creditors | 8,176 |  | 2,938
|  |  |  |  |  | 13,291 |  | 20,643
4 | Other information
| Premium Motor Parts Ltd is a private company limited by shares and incorporated in England. Its registered office is:
| 20 - Goodmayes Avenue
| Ilford
| Essex
| IG3 8TW

Premium Motor Parts Ltd 13072621 false 2025-01-01 2025-12-31 2025-12-31 VT Final Accounts July 2024 Soban Ahmed No description of principal activity 13072621 2024-01-01 2024-12-31 13072621 core:WithinOneYear 2024-12-31 13072621 core:ShareCapital 2024-12-31 13072621 core:RetainedEarningsAccumulatedLosses 2024-12-31 13072621 2025-01-01 2025-12-31 13072621 bus:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 13072621 bus:AuditExempt-NoAccountantsReport 2025-01-01 2025-12-31 13072621 bus:Director40 2025-01-01 2025-12-31 13072621 2 2025-01-01 2025-12-31 13072621 countries:England 2025-01-01 2025-12-31 13072621 bus:FRS102 2025-01-01 2025-12-31 13072621 bus:FilletedAccounts 2025-01-01 2025-12-31 13072621 2025-12-31 13072621 core:WithinOneYear 2025-12-31 13072621 core:ShareCapital 2025-12-31 13072621 core:RetainedEarningsAccumulatedLosses 2025-12-31 13072621 2024-12-31 iso4217:GBP xbrli:pure