Premtech Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07171994 (England and Wales)

Financial Statements

for the Year Ended

31 March 2026

for

Premtech Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Jobburn

E C Porter

K Lamza

D R Ewing

I D Butt

M R Steele

REGISTERED OFFICE:

Cedar House

Norman Court

Ivanhoe Business Park

Ashby-De-La-Zouch

Leicestershire

LE65 2UZ

REGISTERED NUMBER:

07171994 (England and Wales)

AUDITORS:

The Rowleys Partnership Ltd

Statutory Auditors

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

FIXED ASSETS

Tangible assets

4

211,038

192,965

Investments

5

1

211,039

192,966

CURRENT ASSETS

Stocks

316,500

268,726

Debtors

6

1,831,452

1,281,177

Cash at bank and in hand

2,949,714

1,808,721

5,097,666

3,358,624

CREDITORS

Amounts falling due within one year

7

2,421,627

1,422,910

NET CURRENT ASSETS

2,676,039

1,935,714

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,887,078

2,128,680

CAPITAL AND RESERVES

Called up share capital

8

167

Retained earnings

9

2,886,911

2,128,513

SHAREHOLDERS' FUNDS

2,887,078

2,128,680

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 30 June 2026 and were signed on its behalf by:

I D Butt - Director

1.	STATUTORY INFORMATION

Premtech 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets

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

Short leasehold

-

20% on cost

Fixtures and fittings

-

25% reducing balance

Computer equipment

-

33% reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Work in progress

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence is found, an impairment loss is recognised in the profit and loss account.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

Cash and cash equivalent

Cash and cash equivalents include cash at bank and cash in hand as well as short term highly liquid investments with a short maturity (recognised within short term investments).

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Judgements and estimates

The preparation of the financial statements requires the directors to make estimates. These estimates are considered limited and not significant, including routine estimates in respect of work in progress.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2025 - 59 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 April 2025

6,821

138,267

389,956

535,044

Additions

-

114,452

At 31 March 2026

6,821

138,267

504,408

649,496

DEPRECIATION

At 1 April 2025

1,478

70,248

270,353

342,079

Charge for year

1,364

17,005

78,010

96,379

At 31 March 2026

2,842

87,253

348,363

438,458

NET BOOK VALUE

At 31 March 2026

3,979

51,014

156,045

211,038

At 31 March 2025

5,343

68,019

119,603

192,965

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

and 31 March 2026

1

NET BOOK VALUE

At 31 March 2026

1

At 31 March 2025

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade debtors

554,851

193,503

Amounts owed by group undertakings

802,745

832,497

Other debtors

-

13,858

Tax

37,641

-

Deferred tax asset

59,069

8,626

Prepayments and accrued income

377,146

232,693

1,831,452

1,281,177

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

Trade creditors

140,227

210,920

Amounts owed to group undertakings

918,154

290,798

Corporation tax

-

7,154

Social security and other taxes

298,602

258,302

VAT

444,013

299,002

Other creditors

6,406

5,014

Accruals and deferred income

614,225

351,720

2,421,627

1,422,910

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

167

Ordinary

£1

167

9.

RESERVES

Retained

earnings

£

At 1 April 2025

2,128,513

Profit for the year

1,758,398

Dividends

(1,000,000

)

At 31 March 2026

2,886,911

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paula Swann-Jones FCA (Senior Statutory Auditor)

for and on behalf of The Rowleys Partnership Ltd

11.	FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £409,892 (2025 - £498,827).

12.	RELATED PARTY DISCLOSURES

During the year Premtech Limited made sales to its parent company National Gas Transmission plc of £7,215,481 (2024: £7,434,426). The sales were conducted at arms length in the normal course of business. At the year end the amount owed to National Gas Transmission plc was £83,544 (2024: £541,699).

13.	ULTIMATE PARENT COMPANY

Premtech Limited's immediate parent company is National Gas Transmission plc. The ultimate parent company and controlling party is Luppiter Consortium Limited. These companies are incorporated in Great Britain and are registered in England and Wales. Copies of the consolidated financial statements may be obtained from the Company Secretary at the registered office.C/O Alter Domus (UK) Limited, 10th Floor, 30 St Mary Axe, London, EC3A 8BF (www.alterdomus.com).

14.	GOING CONCERN

The directors have considered the company’s forecasts and cash flow projections, including its ongoing relationship with its parent undertaking, National Gas Transmission plc. Based on this assessment, the directors consider that the company has adequate resources to continue in operational existence for the foreseeable future and have therefore prepared the financial statements on a going concern basis.