PREUSED LTD

Company Registration Number:
13432004 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

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Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

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Company Information

for the Period Ended 31 December 2024




Registered office: Unit 1
Cilmedw Way
Llangollen
GB-WLS
LL20 8AG
Company Registration Number: 13432004 (England and Wales)

PREUSED LTD

Balance sheet

As at 31 December 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 0
Tangible assets: 4 3,861 0
Total fixed assets: 3,861 0
Current assets
Stocks: 204,180 2
Debtors: 5 8,265 0
Cash at bank and in hand: 112,528 0
Total current assets: 324,973 2
Prepayments and accrued income: 0
Creditors: amounts falling due within one year: 6 ( 62,672 ) ( 0 )
Net current assets (liabilities): 262,301 2
Total assets less current liabilities: 266,162 2
Creditors: amounts falling due after more than one year: 7 ( 14,000 ) ( 0 )
Provision for liabilities: ( 0 )
Total net assets (liabilities): 252,162 2

The notes form part of these financial statements

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Balance sheet continued

As at 31 December 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 2
Revaluation reserve: 8 0 0
Profit and loss account: 252,062 0
Shareholders funds: 252,162 2

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 23 May 2025
And Signed On Behalf Of The Board By:

Name: John Crayford
Status: Director

The notes form part of these financial statements

PREUSED LTD

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 depreciation policy

    Depreciation was provided at the rate of 10% per annum on cost, using the straight-line method, in order to write off each asset over its estimated useful life..

    Depreciation was applied monthly on a pro-rata basis

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

    Net realisable value is based on estimated selling price, less any further costs expected to be incurred to complete the sale.

    Cost includes all expenditure incurred in bringing the goods to their present location and condition

    Provision is made for obsolete, damaged, or slow-moving items where appropriate

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Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 40 2

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Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 3. Off balance sheet disclosure

    No

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Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 January 2024 0 0
Additions 4,290 4,290
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2024 4,290 4,290
Depreciation
At 01 January 2024 0 0
Charge for year 429 429
On disposals - -
Other adjustments 0 0
At 31 December 2024 429 429
Net book value
At 31 December 2024 3,861 3,861
At 31 December 2023 0 0

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Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors


2024
£

2023
£
Trade debtors 8,265 0
Prepayments and accrued income 0 0
Other debtors 0 0
Total 8,265 0
Debtors due after more than one year: 0 0

Debtors due under normal trading activities

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Notes to the Financial Statements

for the Period Ended 31 December 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0
Amounts due under finance leases and hire purchase contracts 0
Trade creditors 56,982 0
Taxation and social security 5,290 0
Accruals and deferred income 0
Other creditors 400 0
Total 62,672 0

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Notes to the Financial Statements

for the Period Ended 31 December 2024

7.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 14,000 0
Total 14,000 0

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Notes to the Financial Statements

for the Period Ended 31 December 2024

8. Revaluation reserve


2024
£
Balance at 01 January 2024 0
Surplus or deficit after revaluation 0
Balance at 31 December 2024 0

NA