Premier Managed Technologies Group Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 6

Premier Managed Technologies Group Ltd

(Registration number: 02513397)
Statement of financial position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	292,500	325,000
Tangible assets	5	19,070	104
		311,570	325,104
Current assets
Stocks		65,000	60,000
Debtors	6	660,430	656,599
Cash at bank and in hand		65,210	-
		790,640	716,599
Creditors: Amounts falling due within one year	7	(319,866)	(318,799)
Net current assets		470,774	397,800
Total assets less current liabilities		782,344	722,904
Creditors: Amounts falling due after more than one year	7	(37,902)	(113,390)
Net assets		744,442	609,514
Capital and reserves
Called up share capital	8	111	111
Retained earnings		744,331	609,403
Shareholders' funds		744,442	609,514

For the financial year ending 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 11 November 2025 and signed on its behalf by:
 

......................................... Mr G Payne Director

Premier Managed Technologies Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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.

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.

Premier Managed Technologies Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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
Plant and machinery	25% Reducing balance
Motor vehicles	20% Reducing balance

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Premier Managed Technologies Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 16).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	650,000	650,000
At 31 March 2025	650,000	650,000
Amortisation
At 1 April 2024	325,000	325,000
Amortisation charge	32,500	32,500
At 31 March 2025	357,500	357,500
Carrying amount
At 31 March 2025	292,500	292,500
At 31 March 2024	325,000	325,000

Premier Managed Technologies Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	2,176	-	2,176
Additions	-	21,500	21,500
At 31 March 2025	2,176	21,500	23,676
Depreciation
At 1 April 2024	2,072	-	2,072
Charge for the year	26	2,508	2,534
At 31 March 2025	2,098	2,508	4,606
Carrying amount
At 31 March 2025	78	18,992	19,070
At 31 March 2024	104	-	104

6

Debtors

Current	2025 £	2024 £
Trade debtors	139,340	163,124
Other debtors	521,090	493,475
	660,430	656,599

Premier Managed Technologies Group Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts		16,342	13,147
Trade creditors		118,996	155,791
Taxation and social security		177,559	149,861
Accruals and deferred income		1,500	-
Other creditors		5,469	-
		319,866	318,799

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		37,902	-
Other creditors		-	113,390
		37,902	113,390

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £0.10 each	1,000	100	1,000	100
Ordinary A of £0.10 each	111	11	111	11
	1,111	111	1,111	111