Registration number: 06338841

Premier Storage & Office Solutions Ltd

(Registration number: 06338841)

Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	3	10,989	16,484
Tangible assets	4	97,908	78,874
		108,897	95,358
Current assets
Stocks	5	4,348	4,231
Debtors	6	386,163	454,096
Cash at bank and in hand		82,621	93,472
		473,132	551,799
Creditors: Amounts falling due within one year	7	(268,402)	(326,928)
Net current assets		204,730	224,871
Total assets less current liabilities		313,627	320,229
Creditors: Amounts falling due after more than one year	7	(80,125)	(55,724)
Provisions for liabilities		(15,356)	(148)
Net assets		218,146	264,357
Capital and reserves
Called up share capital		2	2
Retained earnings		218,144	264,355
Shareholders' funds		218,146	264,357

Premier Storage & Office Solutions Ltd

(Registration number: 06338841)

Balance Sheet as at 31 August 2025 (continued)

For the financial year ending 31 August 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 27 November 2025 and signed on its behalf by:
 

.........................................

Mark Adrian Jepson

Director

Premier Storage & Office Solutions Ltd

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

1	Accounting policies

Statutory information

Premier Storage & Office Solutions Ltd is a private company, limited by shares, domiciled in England and Wales, company number 06338841. The registered office is at 3 Farriers Court, Horse Fair Green, Thorne, Doncaster, DN8 5EE.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Going concern

After due consideration of all relevant factors, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the forseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

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.

Tax

The tax expense for the period comprises current and deferred 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.

Premier Storage & Office Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

1	Accounting policies (continued)

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 balance sheet 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
Motor Vehicles	25% Straight Line
Fixtures & Fittings	20% Straight Line
Office Equipment	20% Straight Line

Stocks

Stocks are stated at the lower of average cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to sell.

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 balance sheet as a finance lease obligation.

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

Premier Storage & Office Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

1	Accounting policies (continued)

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.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 8).

Premier Storage & Office Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

3	Intangible assets

	Website £	Total £
Cost
At 1 September 2024	21,979	21,979
At 31 August 2025	21,979	21,979
Amortisation
At 1 September 2024	5,495	5,495
Amortisation charge	5,495	5,495
At 31 August 2025	10,990	10,990
Carrying amount
At 31 August 2025	10,989	10,989
At 31 August 2024	16,484	16,484

4	Tangible assets

	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost
At 1 September 2024	5,151	9,917	142,844	157,912
Additions	-	81	79,991	80,072
Disposals	-	-	(76,095)	(76,095)
At 31 August 2025	5,151	9,998	146,740	161,889
Depreciation
At 1 September 2024	3,582	4,710	70,746	79,038
Charge for the year	228	2,135	18,561	20,924
Eliminated on disposal	-	-	(35,981)	(35,981)
At 31 August 2025	3,810	6,845	53,326	63,981
Carrying amount
At 31 August 2025	1,341	3,153	93,414	97,908
At 31 August 2024	1,569	5,207	72,098	78,874

Premier Storage & Office Solutions Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025 (continued)

5

Stocks

	2025 £	2024 £
Stock	4,348	4,231

6

Debtors

	2025 £	2024 £
Trade debtors	203,343	285,945
Amounts owed by related parties	144,030	137,230
Prepayments	24,382	18,246
Other debtors	14,408	12,675
	386,163	454,096

7

Creditors

		2025 £	2024 £
Due within one year
Loans and borrowings		20,023	21,373
Trade creditors		161,583	127,450
Taxation and social security		38,847	100,450
Accruals and deferred income		33,504	72,481
Other creditors		14,445	5,174
		268,402	326,928