Registration number: 03458486

Premier Product Finishing Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Premier Product Finishing Ltd

(Registration number: 03458486)
Statement of Financial Position
31 October 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	1,055	2,110
Tangible assets	5	1,775	1,972
		2,830	4,082
Current assets
Debtors	6	8,355	13,888
Cash at bank and in hand		187	176
		8,542	14,064
Creditors: Amounts falling due within one year	7	(48,168)	(45,230)
Net current liabilities		(39,626)	(31,166)
Total assets less current liabilities		(36,796)	(27,084)
Provisions for liabilities		-	(375)
Net liabilities		(36,796)	(27,459)
Capital and reserves
Called up share capital		100	100
Share premium reserve		18	18
Retained earnings		(36,914)	(27,577)
Shareholders' deficit		(36,796)	(27,459)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Premier Product Finishing Ltd

(Registration number: 03458486)
Statement of Financial Position
31 October 2025

Approved and authorised by the Board on 17 July 2026 and signed on its behalf by:
 

......................................... A G Stride Director

......................................... A J Miles Director

Premier Product Finishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wiston House
1 Wiston Avenue
Worthing
West Sussex
BN14 7QL

These financial statements were authorised for issue by the Board on 17 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered relevant information, including the future cash flows and the impact of subsequent events in making their assessment. The directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Premier Product Finishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 October 2025

Tax

The tax expense for the period comprises current and deferred tax and is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Equipment	over 2 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	over 10 years

Premier Product Finishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 October 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

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 the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Premier Product Finishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 October 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 November 2024	10,550	10,550
At 31 October 2025	10,550	10,550
Amortisation
At 1 November 2024	8,440	8,440
Amortisation charge	1,055	1,055
At 31 October 2025	9,495	9,495
Carrying amount
At 31 October 2025	1,055	1,055
At 31 October 2024	2,110	2,110

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 November 2024	22,450	22,450
At 31 October 2025	22,450	22,450
Depreciation
At 1 November 2024	20,478	20,478
Charge for the year	197	197
At 31 October 2025	20,675	20,675
Carrying amount
At 31 October 2025	1,775	1,775
At 31 October 2024	1,972	1,972

Premier Product Finishing Ltd

Notes to the Unaudited Financial Statements
for the year ended 31 October 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	8,355	11,963
Other debtors	-	1,925
	8,355	13,888

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	11,063	11,063
Trade creditors		8,171	10,260
Taxation and social security		485	-
Accruals and deferred income		780	744
Other creditors		27,669	23,163
		48,168	45,230

8	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	11,063	11,063

9	Related party transactions

Summary of transactions with other related parties

Stride Family Loan As at 31 October 2025, Premier Product Finishing Limited owes £11,063 (2024: £11,063) to the Stride family, directly related to the director A Stride. This loan currently has no interest being charged and is shown within Other Borrowings.