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REGISTERED NUMBER: 07621928 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PRO-BUILD 360 LIMITED

PRO-BUILD 360 LIMITED (REGISTERED NUMBER: 07621928)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PRO-BUILD 360 LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mrs T T Parinchy
B Parinchy





REGISTERED OFFICE: 1 Phoenix Business Park
Avenue Close
Birmingham
West Midlands
B7 4NU





REGISTERED NUMBER: 07621928 (England and Wales)






PRO-BUILD 360 LIMITED (REGISTERED NUMBER: 07621928)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 330,269 379,370
Tangible assets 5 263,972 344,728
594,241 724,098

CURRENT ASSETS
Stocks 472,660 653,066
Debtors 3,314,237 3,261,849
Cash at bank and in hand 319,500 651,886
4,106,397 4,566,801
CREDITORS
Amounts falling due within one year 1,868,596 1,849,845
NET CURRENT ASSETS 2,237,801 2,716,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,832,042

3,441,054

CREDITORS
Amounts falling due after more than one
year

(294,953

)

(464,392

)

PROVISIONS FOR LIABILITIES (25,223 ) (58,761 )
NET ASSETS 2,511,866 2,917,901

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 6 330,000 360,000
Retained earnings 2,181,766 2,557,801
2,511,866 2,917,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PRO-BUILD 360 LIMITED (REGISTERED NUMBER: 07621928)

ABRIDGED BALANCE SHEET - continued
31 December 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 31 December 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 26 September 2024 and were signed on its behalf by:





B Parinchy - Director


PRO-BUILD 360 LIMITED (REGISTERED NUMBER: 07621928)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Pro-Build 360 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.

Goodwill
Goodwill is being amortised over its estimated useful life of 20 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of five years.

Development costs are being fully amortised in the current year.

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.
Fixtures and fittings - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
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 items.

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.


PRO-BUILD 360 LIMITED (REGISTERED NUMBER: 07621928)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 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.

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 25 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 619,370
AMORTISATION
At 1 January 2023 240,000
Amortisation for year 49,101
At 31 December 2023 289,101
NET BOOK VALUE

At 31 December 2023 330,269
At 31 December 2022 379,370

PRO-BUILD 360 LIMITED (REGISTERED NUMBER: 07621928)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 871,486
Additions 4,381
At 31 December 2023 875,867
DEPRECIATION
At 1 January 2023 526,758
Charge for year 85,137
At 31 December 2023 611,895
NET BOOK VALUE
At 31 December 2023 263,972
At 31 December 2022 344,728

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

Totals
£   
COST
At 1 January 2023
and 31 December 2023 222,936
DEPRECIATION
At 1 January 2023 71,775
Charge for year 37,434
At 31 December 2023 109,209
NET BOOK VALUE
At 31 December 2023 113,727
At 31 December 2022 151,161

6. RESERVES
Revaluation
reserve
£   
At 1 January 2023 360,000
Realised amortisation (30,000 )

At 31 December 2023 330,000

7. PENSION COMMITMENTS

Pension commitments outstanding at the year end totalled £5,970 (2022 - £4,541).

PRO-BUILD 360 LIMITED (REGISTERED NUMBER: 07621928)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.