1 September 2023 false No description of principal activity Taxfiler 2024.6 9740116business:PrivateLimitedCompanyLtd2023-09-012024-08-31 97401162023-08-31 97401162023-09-012024-08-31 9740116business:AuditExemptWithAccountantsReport2023-09-012024-08-31 9740116business:FilletedAccounts2023-09-012024-08-31 97401162024-08-31 9740116business:Director12023-09-012024-08-31 9740116business:RegisteredOffice2023-09-012024-08-31 97401162023-08-31 9740116core:WithinOneYear2024-08-31 9740116core:WithinOneYear2023-08-31 9740116core:AfterOneYear2024-08-31 9740116core:AfterOneYear2023-08-31 9740116core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 9740116core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 9740116core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 9740116core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 9740116core:PreviouslyStatedAmount2024-08-31 9740116core:PreviouslyStatedAmount2023-08-31 9740116business:SmallEntities2023-09-012024-08-31 9740116countries:EnglandWales2023-09-012024-08-31 9740116core:PlantMachinery2023-09-012024-08-31 9740116core:Goodwill2023-08-31 9740116core:Goodwill2024-08-31 9740116core:Goodwill2023-09-012024-08-31 9740116core:LandBuildings2023-08-31 9740116core:PlantMachinery2023-08-31 9740116core:LandBuildings2023-09-012024-08-31 9740116core:LandBuildings2024-08-31 9740116core:PlantMachinery2024-08-31 97401162022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 9740116 (England and Wales)
Prehybrid Ltd Unaudited accounts for the year ended 31 August 2024
Prehybrid Ltd Unaudited accounts Contents
Page
- 2 -
Prehybrid Ltd Company Information for the year ended 31 August 2024
Director
Mr. Premakanth Uthayakumaran
Company Number
9740116 (England and Wales)
Registered Office
Broxbourne Service Station 74-76 High Road Wormley EN10 6DU United Kingdom
Accountants
Daniel Consultancy Morritt House 54-60 Station Approach South Ruislip Ruislip HA4 6SA
- 3 -
Prehybrid Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
116,667 
130,667 
Tangible assets
230,845 
256,117 
347,512 
386,784 
Current assets
Inventories
316,514 
341,026 
Debtors
667,285 
66,323 
Cash at bank and in hand
(12,875)
44,671 
970,924 
452,020 
Creditors: amounts falling due within one year
(881,829)
(635,025)
Net current assets/(liabilities)
89,095 
(183,005)
Total assets less current liabilities
436,607 
203,779 
Creditors: amounts falling due after more than one year
(238,254)
(17,529)
Provisions for liabilities
Deferred tax
(5,837)
(5,837)
Net assets
192,516 
180,413 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
192,416 
180,313 
Shareholders' funds
192,516 
180,413 
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 23 April 2025 and were signed on its behalf by
Mr. Premakanth Uthayakumaran Director Company Registration No. 9740116
- 4 -
Prehybrid Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Prehybrid Ltd is a private company, limited by shares, registered in England and Wales, registration number 9740116. The registered office is Broxbourne Service Station 74-76, High Road, Wormley, EN10 6DU, United Kingdom.
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.
Inventories
Inventories 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
Depreciated at 25% SL
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
- 5 -
Prehybrid Ltd Notes to the Accounts for the year ended 31 August 2024
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2023
140,000 
At 31 August 2024
140,000 
Amortisation
At 1 September 2023
9,333 
Charge for the year
14,000 
At 31 August 2024
23,333 
Net book value
At 31 August 2024
116,667 
At 31 August 2023
130,667 
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
150,000 
138,367 
288,367 
Additions
- 
1,478 
1,478 
At 31 August 2024
150,000 
139,845 
289,845 
Depreciation
At 1 September 2023
- 
32,250 
32,250 
Charge for the year
- 
26,750 
26,750 
At 31 August 2024
- 
59,000 
59,000 
Net book value
At 31 August 2024
150,000 
80,845 
230,845 
At 31 August 2023
150,000 
106,117 
256,117 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
69,293 
6,885 
Accrued income and prepayments
14,910 
9,893 
Other debtors
49,545 
49,545 
133,748 
66,323 
Amounts falling due after more than one year
Other debtors
533,537 
- 
- 6 -
Prehybrid Ltd Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
49,763 
25,848 
Trade creditors
301,468 
197,289 
Taxes and social security
54,883 
28,685 
Other creditors
117,748 
13,291 
Loans from directors
355,487 
369,912 
Accruals
2,480 
- 
881,829 
635,025 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
238,254 
17,529 
9
Transactions with related parties
Director is also the director of Prehybrid Holding Ltd. At the end of the reporting date, Prehybrid Holding Ltd owes the company £533,537 (2023 - NIL).
10
Average number of employees
During the year the average number of employees was 14 (2023: 11).
- 7 -