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REGISTERED NUMBER: 09275304 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PREMIBUILD (MIDLANDS) LIMITED

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PREMIBUILD (MIDLANDS) LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: J Neale
I Neale



REGISTERED OFFICE: Unit A Victoria Court
21 - 25 Tennant Street
Nuneaton
Warwickshire
CV11 4LZ



REGISTERED NUMBER: 09275304 (England and Wales)



BANKERS: National Westminster Bank
25 Corporation Street
Corby
Northamptonshire
NN17 1NR

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

ABRIDGED BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 167,423 80,408

CURRENT ASSETS
Stocks 70,000 271,776
Debtors 459,183 381,215
Cash at bank 153,955 190,499
683,138 843,490
CREDITORS
Amounts falling due within one year 450,288 510,829
NET CURRENT ASSETS 232,850 332,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,273

413,069

CREDITORS
Amounts falling due after more than one year (173,522 ) (224,035 )

PROVISIONS FOR LIABILITIES (35,105 ) (13,933 )
NET ASSETS 191,646 175,101

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 191,546 175,001
SHAREHOLDERS' FUNDS 191,646 175,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

ABRIDGED BALANCE SHEET - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





I Neale - Director


PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Premibuild (Midlands) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 20% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 134,675
Additions 128,812
At 30 November 2023 263,487
DEPRECIATION
At 1 December 2022 54,267
Charge for year 41,797
At 30 November 2023 96,064
NET BOOK VALUE
At 30 November 2023 167,423
At 30 November 2022 80,408

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 December 2022 60,750
Additions 60,395
At 30 November 2023 121,145
DEPRECIATION
At 1 December 2022 9,113
Charge for year 23,404
At 30 November 2023 32,517
NET BOOK VALUE
At 30 November 2023 88,628
At 30 November 2022 51,637

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 25,435 10,935
Between one and five years 43,098 36,450
68,533 47,385

Non-cancellable operating leases
2023 2022
£    £   
Within one year 3,877 2,051
Between one and five years 5,492 -
9,369 2,051

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

7. PENSION COMMITMENTS

At the balance sheet date pension contributions amounting to £955 (2022 - £762) were unpaid.