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Company Registration No. 07308076 (England and Wales)
Probuild (East Mids) Limited Unaudited accounts for the year ended 31 July 2024
Probuild (East Mids) Limited Unaudited accounts Contents
Page
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Probuild (East Mids) Limited Company Information for the year ended 31 July 2024
Directors
Mr A Newton Mr A Baird
Company Number
07308076 (England and Wales)
Registered Office
Unit 7 Chestnut Farm Corkhill Lane Normanton Southwell Nottinghamshire NG25 0PR England
Accountants
A. R. & H. Accountancy Services Limited 1 Buckland Drive Woodborough Nottinghamshire NG14 6EU
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Probuild (East Mids) Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,900 
22,942 
Current assets
Inventories
11,492 
30,260 
Debtors
41,228 
46,645 
Cash at bank and in hand
30,545 
48,244 
83,265 
125,149 
Creditors: amounts falling due within one year
(79,566)
(97,931)
Net current assets
3,699 
27,218 
Total assets less current liabilities
31,599 
50,160 
Creditors: amounts falling due after more than one year
(17,007)
(30,812)
Provisions for liabilities
Deferred tax
(5,301)
(4,359)
Net assets
9,291 
14,989 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,191 
14,889 
Shareholders' funds
9,291 
14,989 
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
Mr A Baird Director Company Registration No. 07308076
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Probuild (East Mids) Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Probuild (East Mids) Limited is a private company, limited by shares, registered in England and Wales, registration number 07308076. The registered office is Unit 7 Chestnut Farm Corkhill Lane, Normanton, Southwell, Nottinghamshire, NG25 0PR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Probuild (East Mids) Limited Notes to the Accounts for the year ended 31 July 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2023
5,735 
36,500 
602 
570 
43,407 
Additions
13,995 
- 
- 
- 
13,995 
At 31 July 2024
19,730 
36,500 
602 
570 
57,402 
Depreciation
At 1 August 2023
3,832 
15,534 
529 
570 
20,465 
Charge for the year
3,784 
5,242 
11 
- 
9,037 
At 31 July 2024
7,616 
20,776 
540 
570 
29,502 
Net book value
At 31 July 2024
12,114 
15,724 
62 
- 
27,900 
At 31 July 2023
1,903 
20,966 
73 
- 
22,942 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,125 
43,781 
Accrued income and prepayments
1,703 
1,734 
Other debtors
400 
1,130 
41,228 
46,645 
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Probuild (East Mids) Limited Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
19,969 
12,835 
Obligations under finance leases and hire purchase contracts
3,360 
5,037 
Trade creditors
22,668 
49,302 
Taxes and social security
16,286 
14,414 
Other creditors
504 
503 
Loans from directors
4,985 
4,099 
Accruals
1,794 
1,741 
79,566 
97,931 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,167 
19,612 
Obligations under finance leases and hire purchase contracts
7,840 
11,200 
17,007 
30,812 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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