Company registration number 08744620 (England and Wales)
PREMIUM CUTTING SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
PREMIUM CUTTING SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr A P P Price
Mrs J A Price
Mr J A Price
Company number
08744620
Registered office
Units 1 & 2
Scotia Industrial Estate
Scotia Road
Tunstall
Staffordshire
ST6 4HG
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Santander UK Plc
Bridle Road
Bootle
Liverpool
L30 4GB
PREMIUM CUTTING SERVICES LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
PREMIUM CUTTING SERVICES LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PREMIUM CUTTING SERVICES LIMITED FOR THE YEAR ENDED 28 OCTOBER 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Premium Cutting Services Limited for the year ended 28 October 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the b oard of d irectors of Premium Cutting Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Premium Cutting Services Limited and state those matters that we have agreed to state to the b oard of d irectors of Premium Cutting Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Premium Cutting Services Limited and its b oard of d irectors as a body, for our work or for this report.

It is your duty to ensure that Premium Cutting Services Limited 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 profit of Premium Cutting Services Limited. You consider that Premium Cutting Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Premium Cutting Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ormerod Rutter Limited
27 July 2026
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
PREMIUM CUTTING SERVICES LIMITED
BALANCE SHEET
AS AT 28 OCTOBER 2025
28 October 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
709,557
583,758
Current assets
Stocks
43,767
39,064
Debtors
4
476,869
380,479
Cash at bank and in hand
267,186
255,561
787,822
675,104
Creditors: amounts falling due within one year
5
(1,039,585)
(841,091)
Net current liabilities
(251,763)
(165,987)
Total assets less current liabilities
457,794
417,771
Creditors: amounts falling due after more than one year
6
(191,441)
(172,536)
Provisions for liabilities
7
(121,065)
(108,175)
Net assets
145,288
137,060
Capital and reserves
Called up share capital
9
103
103
Profit and loss reserves
145,185
136,957
Total equity
145,288
137,060

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

PREMIUM CUTTING SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 OCTOBER 2025
28 October 2025
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 27 July 2026 and are signed on its behalf by:
Mr A P P Price
Director
Company registration number 08744620 (England and Wales)
PREMIUM CUTTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 OCTOBER 2025
- 4 -
1
Accounting policies
Company information

Premium Cutting Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 1 & 2, Scotia Industrial Estate, Scotia Road, Tunstall, Staffordshire, ST6 4HG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT.

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.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Improvements to property
5% on cost
Plant and machinery
20% on reducing balance
Fixtures and fittings
25% on cost
Computer equipment
25% on cost
Motor vehicles
20% on reducing balance

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.

1.4
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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

PREMIUM CUTTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

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

1.8
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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 except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

PREMIUM CUTTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
27
26
3
Tangible fixed assets
Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 29 October 2024
34,053
396,953
112,307
17,142
700,437
1,260,892
Additions
11,857
51,419
-
0
2,906
232,707
298,889
At 28 October 2025
45,910
448,372
112,307
20,048
933,144
1,559,781
Depreciation and impairment
At 29 October 2024
9,744
235,150
111,401
16,091
304,748
677,134
Depreciation charged in the year
2,298
42,643
906
1,510
125,733
173,090
At 28 October 2025
12,042
277,793
112,307
17,601
430,481
850,224
Carrying amount
At 28 October 2025
33,868
170,579
-
0
2,447
502,663
709,557
At 28 October 2024
24,309
161,803
906
1,051
395,689
583,758
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
459,483
380,479
Amounts owed by group undertakings
17,386
-
0
476,869
380,479
PREMIUM CUTTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2025
- 7 -
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
28,126
66,943
Trade creditors
312,660
226,198
Amounts owed to group undertakings
-
0
5,707
Taxation and social security
447,186
372,118
Other creditors
251,613
170,125
1,039,585
841,091
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
5,324
Other creditors
191,441
167,212
191,441
172,536
7
Provisions for liabilities
2025
2024
£
£
Deferred tax liabilities
121,065
108,175
8
Secured debts
The following secured debts are included within creditors:
2025
2024
£
£
Hire purchase contracts
370,975
327,598
Bank loans
28,126
72,267
399,101
399,865
Hire purchase contracts are secured against the assets to which they relate.
Bank loans are secured by way of a government-backed guarantee.
PREMIUM CUTTING SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 OCTOBER 2025
- 8 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
100
100
100
100
Ordinary B of £1 each
1
1
1
1
Ordinary C of £1 each
1
1
1
1
Ordinary D of £1 each
1
1
1
1
103
103
103
103
10
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11
Control

Ultimate parent company

The ultimate parent company is AJJP Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr A P P Price, by virtue of his controlling interest in the ultimate parent company.

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