Company No: 06678170 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Intangible assets	3	28,197		32,225
Tangible assets	4	46,958		49,258
		75,155		81,483
Current assets
Stocks	5	350,299		355,078
Debtors	6	598,168		505,361
Cash at bank and in hand		160,753		162,160
		1,109,220		1,022,599
Creditors: amounts falling due within one year	7	( 562,959)		( 577,153)
Net current assets		546,261		445,446
Total assets less current liabilities		621,416		526,929
Creditors: amounts falling due after more than one year	8	( 430)		( 10,670)
Net assets		620,986		516,259
Capital and reserves
Called-up share capital	9	1,500		1,500
Profit and loss account		619,486		514,759
Total shareholder's funds		620,986		516,259

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Premfast Ltd (registered number: 06678170) were approved and authorised for issue by the Board of Directors on 02 June 2026. They were signed on its behalf by:

L J Brencher Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Premfast Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 1 Wessex Trade Centre, Ringwood Road, Poole, BH12 3PF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Leasehold improvements	not depreciated
Plant and machinery	25 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	25 % reducing balance
Office equipment	33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	21		18

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2025	40,281		40,281
At 31 March 2026	40,281		40,281
Accumulated amortisation
At 01 April 2025	8,056		8,056
Charge for the financial year	4,028		4,028
At 31 March 2026	12,084		12,084
Net book value
At 31 March 2026	28,197		28,197
At 31 March 2025	32,225		32,225

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2025	2,058		3,804		42,860		48,235		44,488		141,445
Additions	2,034		0		0		0		9,782		11,816
Disposals	0		0		0		0		( 9,133)		( 9,133)
At 31 March 2026	4,092		3,804		42,860		48,235		45,137		144,128
Accumulated depreciation
At 01 April 2025	0		3,682		17,281		38,309		32,915		92,187
Charge for the financial year	0		31		5,116		2,482		5,811		13,440
Disposals	0		0		0		0		( 8,457)		( 8,457)
At 31 March 2026	0		3,713		22,397		40,791		30,269		97,170
Net book value
At 31 March 2026	4,092		91		20,463		7,444		14,868		46,958
At 31 March 2025	2,058		122		25,579		9,926		11,573		49,258

5. Stocks

	2026		2025
	£		£
Stocks	350,299		355,078

6. Debtors

	2026		2025
	£		£
Trade debtors	571,954		483,332
Other debtors	26,214		22,029
	598,168		505,361

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans	4,914		31,748
Trade creditors	405,319		373,206
Taxation and social security	141,616		131,236
Obligations under finance leases and hire purchase contracts	0		2,368
Other creditors	11,110		38,595
	562,959		577,153

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	430		5,342
Obligations under finance leases and hire purchase contracts	0		5,328
	430		10,670

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
1,500 Ordinary shares of £ 1.00 each	1,500		1,500

10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2026		2025
	£		£
within one year	42,000		42,000
between one and five years	115,500		157,500
Total future minimum lease payments under non-cancellable operating leases	157,500		199,500

11. Ultimate controlling party

Parent Company:

Premfast Holdings Limited

Unit 1 Wessex Trade Centre, Ringwood Road, Poole, United Kingdom, BH12 3PF