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Registered number: 08546869
Premier 1 Health Care Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08546869
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 33,333 -
Tangible Assets 5 157,632 162,264
190,965 162,264
CURRENT ASSETS
Stocks 6 52,650 53,235
Debtors 7 682,609 584,227
Cash at bank and in hand 509,280 358,116
1,244,539 995,578
Creditors: Amounts Falling Due Within One Year 8 (736,606 ) (451,884 )
NET CURRENT ASSETS (LIABILITIES) 507,933 543,694
TOTAL ASSETS LESS CURRENT LIABILITIES 698,898 705,958
PROVISIONS FOR LIABILITIES
Deferred Taxation (39,408 ) (40,566 )
NET ASSETS 659,490 665,392
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account 659,489 665,391
SHAREHOLDERS' FUNDS 659,490 665,392
Page 1
Page 2
For the 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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Lakshmy Pengelly
Director
10 September 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Premier 1 Health Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08546869 . The registered office is Ashley Court Care, 70-74 New Road, Llanelli, Dyfed, SA15 3DR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets comprise intellectual property licences.
Intangible assets are stated at cost less accumulated amortisation and impairment. Amortisation is charged to the profit and loss account on a straight-line basis over the estimated useful economic life of the asset, which is 3 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 39 (2025: 37)
39 37
4. Intangible Assets
Other
£
Cost
As at 1 April 2025 -
Additions 50,000
As at 31 March 2026 50,000
Amortisation
As at 1 April 2025 -
Provided during the period 16,667
As at 31 March 2026 16,667
Net Book Value
As at 31 March 2026 33,333
As at 1 April 2025 -
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5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 April 2025 3,958 271,515 126,422 401,895
Additions - 29,756 - 29,756
Disposals - (12,869 ) - (12,869 )
As at 31 March 2026 3,958 288,402 126,422 418,782
Depreciation
As at 1 April 2025 3,958 190,325 45,348 239,631
Provided during the period - 5,304 16,215 21,519
As at 31 March 2026 3,958 195,629 61,563 261,150
Net Book Value
As at 31 March 2026 - 92,773 64,859 157,632
As at 1 April 2025 - 81,190 81,074 162,264
6. Stocks
2026 2025
£ £
Stock 52,650 53,235
7. Debtors
2026 2025
£ £
Due within one year
Trade debtors 24,540 40,140
Prepayments and accrued income 7,749 7,752
Other debtors 4,000 -
Directors' loan accounts 76,680 -
Amounts owed by other participating interests 569,640 536,335
682,609 584,227
8. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 4,727 27,315
Amounts owed to group undertakings 382,309 82,343
Amounts owed to participating interests 24,840 -
Other creditors 108,267 133,274
Taxation and social security 216,463 208,952
736,606 451,884
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9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 1 1
10. Pension Commitments
The company operates a defined contribution pension scheme for their employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £nil (2025 £nil) were due to the fund. 
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2025 Amounts advanced Amounts repaid Amounts written off As at 31 March 2026
£ £ £ £ £
Mrs Lakshmy Pengelly (1,553 ) 198,270 (158,377 ) - 38,340
Mr Phillip Pengelly (1,553 ) 198,270 (158,377 ) - 38,340
The above loan is unsecured, interest free and repayable on demand.
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