Premier Flue Ltd

2023-01-012023-12-292023-12-29false04576625Premier Flue Ltd2024-06-1025990iso4217:GBPxbrli:pure045766252023-01-01045766252023-12-29045766252023-01-012023-12-29045766252022-01-01045766252022-12-31045766252022-01-012022-12-3104576625bus:SmallEntities2023-01-012023-12-2904576625bus:AuditExempt-NoAccountantsReport2023-01-012023-12-2904576625bus:FullAccounts2023-01-012023-12-2904576625bus:PrivateLimitedCompanyLtd2023-01-012023-12-2904576625core:WithinOneYear2023-12-2904576625core:AfterOneYear2023-12-2904576625core:WithinOneYear2022-12-3104576625core:AfterOneYear2022-12-3104576625core:ShareCapital2023-12-2904576625core:SharePremium2023-12-2904576625core:RevaluationReserve2023-12-2904576625core:OtherReservesSubtotal2023-12-2904576625core:RetainedEarningsAccumulatedLosses2023-12-2904576625core:ShareCapital2022-12-3104576625core:SharePremium2022-12-3104576625core:RevaluationReserve2022-12-3104576625core:OtherReservesSubtotal2022-12-3104576625core:RetainedEarningsAccumulatedLosses2022-12-3104576625core:LandBuildings2023-12-2904576625core:PlantMachinery2023-12-2904576625core:Vehicles2023-12-2904576625core:FurnitureFittings2023-12-2904576625core:OfficeEquipment2023-12-2904576625core:NetGoodwill2023-12-2904576625core:IntangibleAssetsOtherThanGoodwill2023-12-2904576625core:ListedExchangeTraded2023-12-2904576625core:UnlistedNon-exchangeTraded2023-12-2904576625core:LandBuildings2022-12-3104576625core:PlantMachinery2022-12-3104576625core:Vehicles2022-12-3104576625core:FurnitureFittings2022-12-3104576625core:OfficeEquipment2022-12-3104576625core:NetGoodwill2022-12-3104576625core:IntangibleAssetsOtherThanGoodwill2022-12-3104576625core:ListedExchangeTraded2022-12-3104576625core:UnlistedNon-exchangeTraded2022-12-3104576625core:LandBuildings2023-01-012023-12-2904576625core:PlantMachinery2023-01-012023-12-2904576625core:Vehicles2023-01-012023-12-2904576625core:FurnitureFittings2023-01-012023-12-2904576625core:OfficeEquipment2023-01-012023-12-2904576625core:NetGoodwill2023-01-012023-12-2904576625core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-2904576625core:ListedExchangeTraded2023-01-012023-12-2904576625core:UnlistedNon-exchangeTraded2023-01-012023-12-2904576625core:MoreThanFiveYears2023-01-012023-12-2904576625core:Non-currentFinancialInstruments2023-12-2904576625core:Non-currentFinancialInstruments2022-12-3104576625dpl:CostSales2023-01-012023-12-2904576625dpl:DistributionCosts2023-01-012023-12-2904576625core:LandBuildings2023-01-012023-12-2904576625core:PlantMachinery2023-01-012023-12-2904576625core:Vehicles2023-01-012023-12-2904576625core:FurnitureFittings2023-01-012023-12-2904576625core:OfficeEquipment2023-01-012023-12-2904576625dpl:AdministrativeExpenses2023-01-012023-12-2904576625core:NetGoodwill2023-01-012023-12-2904576625core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-2904576625dpl:GroupUndertakings2023-01-012023-12-2904576625dpl:ParticipatingInterests2023-01-012023-12-2904576625dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-2904576625core:ListedExchangeTraded2023-01-012023-12-2904576625dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-2904576625core:UnlistedNon-exchangeTraded2023-01-012023-12-2904576625dpl:CostSales2022-01-012022-12-3104576625dpl:DistributionCosts2022-01-012022-12-3104576625core:LandBuildings2022-01-012022-12-3104576625core:PlantMachinery2022-01-012022-12-3104576625core:Vehicles2022-01-012022-12-3104576625core:FurnitureFittings2022-01-012022-12-3104576625core:OfficeEquipment2022-01-012022-12-3104576625dpl:AdministrativeExpenses2022-01-012022-12-3104576625core:NetGoodwill2022-01-012022-12-3104576625core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104576625dpl:GroupUndertakings2022-01-012022-12-3104576625dpl:ParticipatingInterests2022-01-012022-12-3104576625dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104576625core:ListedExchangeTraded2022-01-012022-12-3104576625dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104576625core:UnlistedNon-exchangeTraded2022-01-012022-12-3104576625core:NetGoodwill2023-12-2904576625core:IntangibleAssetsOtherThanGoodwill2023-12-2904576625core:LandBuildings2023-12-2904576625core:PlantMachinery2023-12-2904576625core:Vehicles2023-12-2904576625core:FurnitureFittings2023-12-2904576625core:OfficeEquipment2023-12-2904576625core:AfterOneYear2023-12-2904576625core:WithinOneYear2023-12-2904576625core:ListedExchangeTraded2023-12-2904576625core:UnlistedNon-exchangeTraded2023-12-2904576625core:ShareCapital2023-12-2904576625core:SharePremium2023-12-2904576625core:RevaluationReserve2023-12-2904576625core:OtherReservesSubtotal2023-12-2904576625core:RetainedEarningsAccumulatedLosses2023-12-2904576625core:NetGoodwill2022-12-3104576625core:IntangibleAssetsOtherThanGoodwill2022-12-3104576625core:LandBuildings2022-12-3104576625core:PlantMachinery2022-12-3104576625core:Vehicles2022-12-3104576625core:FurnitureFittings2022-12-3104576625core:OfficeEquipment2022-12-3104576625core:AfterOneYear2022-12-3104576625core:WithinOneYear2022-12-3104576625core:ListedExchangeTraded2022-12-3104576625core:UnlistedNon-exchangeTraded2022-12-3104576625core:ShareCapital2022-12-3104576625core:SharePremium2022-12-3104576625core:RevaluationReserve2022-12-3104576625core:OtherReservesSubtotal2022-12-3104576625core:RetainedEarningsAccumulatedLosses2022-12-3104576625core:NetGoodwill2022-01-0104576625core:IntangibleAssetsOtherThanGoodwill2022-01-0104576625core:LandBuildings2022-01-0104576625core:PlantMachinery2022-01-0104576625core:Vehicles2022-01-0104576625core:FurnitureFittings2022-01-0104576625core:OfficeEquipment2022-01-0104576625core:AfterOneYear2022-01-0104576625core:WithinOneYear2022-01-0104576625core:ListedExchangeTraded2022-01-0104576625core:UnlistedNon-exchangeTraded2022-01-0104576625core:ShareCapital2022-01-0104576625core:SharePremium2022-01-0104576625core:RevaluationReserve2022-01-0104576625core:OtherReservesSubtotal2022-01-0104576625core:RetainedEarningsAccumulatedLosses2022-01-0104576625core:AfterOneYear2023-01-012023-12-2904576625core:WithinOneYear2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-2904576625core:Non-currentFinancialInstrumentscore:CostValuation2023-12-2904576625core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-2904576625core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-2904576625core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-2904576625core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-2904576625core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-2904576625core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-2904576625core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-2904576625core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-2904576625core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3104576625core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3104576625core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3104576625core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3104576625core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3104576625core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3104576625core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3104576625core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3104576625core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3104576625bus:Director12023-01-012023-12-29

Premier Flue Ltd

Registered Number
04576625
(England and Wales)

Unaudited Financial Statements for the Period ended
29 December 2023

Premier Flue Ltd

Company Information
for the period from 1 January 2023 to 29 December 2023


Director	L Holt


Company Secretary	L Holt


Registered Address	C/O Seftons
	135 - 143 Union Street
	Oldham
	OL1 1TE


Registered Number	04576625 (England and Wales)

Premier Flue Ltd

Balance Sheet as at
29 December 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	3		55,147		15,054
			55,147		15,054
Current assets
Stocks	4	575,478		25,000
Debtors	5	581,598		593,391
Cash at bank and on hand		18,610		36,934
		1,175,686		655,325
Creditors amounts falling due within one year	6	(698,491)		(670,352)
Net current assets (liabilities)			477,195		(15,027)
Total assets less current liabilities			532,342		27
Provisions for liabilities	8		(11,680)		-
Net assets			520,662		27
Capital and reserves
Called up share capital			2		2
Profit and loss account			520,660		25
Shareholders' funds			520,662		27

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 10 June 2024, and are signed on its behalf by:

L Holt
Director
Registered Company No. 04576625

Premier Flue Ltd

Notes to the Financial Statements
for the period ended 29 December 2023

1.	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	15
	Vehicles	25
	Office Equipment	25

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2.	Average number of employees


		2023		2022
	Average number of employees during the year	20		18

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 January 23	15,698	600	715	17,013
Additions	-	-	45,066	45,066
At 29 December 23	15,698	600	45,781	62,079
Depreciation and impairment
At 01 January 23	1,766	113	80	1,959
Charge for year	2,090	122	2,761	4,973
At 29 December 23	3,856	235	2,841	6,932
Net book value
At 29 December 23	11,842	365	42,940	55,147
At 31 December 22	13,932	487	635	15,054

4.	Stocks

	2023	2022
	£	£
Raw materials and consumables	575,478	25,000
Total	575,478	25,000

5.	Debtors: amounts due within one year

	2023	2022
	£	£
Trade debtors / trade receivables	315,616	564,454
Other debtors	265,982	28,937
Total	581,598	593,391

6.	Creditors: amounts due within one year

	2023	2022
	£	£
Trade creditors / trade payables	76,360	353,895
Bank borrowings and overdrafts	109,757	33,511
Taxation and social security	301,148	69,153
Other creditors	202,726	202,793
Accrued liabilities and deferred income	8,500	11,000
Total	698,491	670,352

7.	Secured creditors
	Creditors includes bank loans of £109,757 (2022 - £33,511) which are secured by means of fixed and floating charge over the assets of the company.

8.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	11,680	-
Total	11,680	-