Company registration number 03186409 (England and Wales)
Prosell Building Products Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 December 2024
PAGES FOR FILING WITH REGISTRAR
Prosell Building Products Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Prosell Building Products Ltd
Statement of financial position
as at 31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
106,974
118,711
Current assets
Stocks
581,387
654,979
Debtors
510,335
536,262
Cash at bank and in hand
42,341
47,024
1,134,063
1,238,265
Creditors: amounts falling due within one year
(1,120,690)
(1,137,778)
Net current assets
13,373
100,487
Total assets less current liabilities
120,347
219,198
Creditors: amounts falling due after more than one year
(19,044)
(30,526)
Provisions for liabilities
(27,400)
(15,862)
Net assets
73,903
172,810
Capital and reserves
Called up share capital
5
100
100
Profit and loss reserves
73,803
172,710
Total equity
73,903
172,810

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

Prosell Building Products Ltd
Statement of financial position (continued)
as at 31 December 2024
- 2 -

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 18 March 2025
A J Skelton
Director
Company Registration No. 03186409
Prosell Building Products Ltd
Notes to the financial statements
for the year ended 31 December 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised on the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and machinery
-     20% reducing balance and 33.33% straight line
Fixtures, fittings & equipment
-     20% reducing balance and 33.33% straight line
Motor vehicles
-     25% reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Prosell Building Products Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2024
1
Accounting policies
(continued)
- 4 -
Hire purchases

Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account on a straight line basis over the period of the agreement.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
22
28
3
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 January 2024
94,220
117,033
131,025
342,278
Additions
-
0
-
0
21,000
21,000
Disposals
-
0
-
0
(7,500)
(7,500)
At 31 December 2024
94,220
117,033
144,525
355,778
Depreciation and impairment
At 1 January 2024
88,199
56,131
79,237
223,567
Depreciation charged in the year
1,200
12,180
15,138
28,518
Eliminated in respect of disposals
-
0
-
0
(3,281)
(3,281)
At 31 December 2024
89,399
68,311
91,094
248,804
Carrying amount
At 31 December 2024
4,821
48,722
53,431
106,974
At 31 December 2023
6,021
60,902
51,788
118,711
4
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
27,400
15,862
Prosell Building Products Ltd
Notes to the financial statements (continued)
for the year ended 31 December 2024
- 5 -
5
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
6
Parent company

The parent company of Prosell Building Products Limited is Prosell Holdings Ltd and its registered office is West House, King Cross Road, Halifax, HX1 1EB.

7
Company information

Prosell Building Products Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Queens Square Mill, Huddersfield Road, Honley, Holmfirth, West Yorkshire, HD9 6QZ.

2024-12-312024-01-01falsefalsefalse18 March 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityA J SkeltonA J Skelton031864092024-01-012024-12-31031864092024-12-31031864092023-12-3103186409core:PlantMachinery2024-12-3103186409core:FurnitureFittings2024-12-3103186409core:MotorVehicles2024-12-3103186409core:PlantMachinery2023-12-3103186409core:FurnitureFittings2023-12-3103186409core:MotorVehicles2023-12-3103186409core:CurrentFinancialInstruments2024-12-3103186409core:CurrentFinancialInstruments2023-12-3103186409core:Non-currentFinancialInstruments2024-12-3103186409core:Non-currentFinancialInstruments2023-12-3103186409core:ShareCapital2024-12-3103186409core:ShareCapital2023-12-3103186409core:RetainedEarningsAccumulatedLosses2024-12-3103186409core:RetainedEarningsAccumulatedLosses2023-12-3103186409bus:CompanySecretaryDirector12024-01-012024-12-3103186409core:PlantMachinery2024-01-012024-12-3103186409core:FurnitureFittings2024-01-012024-12-3103186409core:MotorVehicles2024-01-012024-12-31031864092023-01-012023-12-3103186409core:PlantMachinery2023-12-3103186409core:FurnitureFittings2023-12-3103186409core:MotorVehicles2023-12-31031864092023-12-3103186409bus:PrivateLimitedCompanyLtd2024-01-012024-12-3103186409bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3103186409bus:FRS1022024-01-012024-12-3103186409bus:AuditExemptWithAccountantsReport2024-01-012024-12-3103186409bus:Director12024-01-012024-12-3103186409bus:CompanySecretary12024-01-012024-12-3103186409bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP