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REGISTERED NUMBER: 14396227 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 August 2024

for

Permaframe Home Improvements Limited

Permaframe Home Improvements Limited (Registered number: 14396227)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Permaframe Home Improvements Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M Giscombe
G Kane
S L Van Haazel
J Heaton
A M Hill





REGISTERED OFFICE: Unit B4 Southgate
Commerce Park
Frome
Somerset
BA11 2RY





REGISTERED NUMBER: 14396227 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

Permaframe Home Improvements Limited (Registered number: 14396227)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 45,150 24,081
45,150 24,081

CURRENT ASSETS
Stocks 168,240 81,294
Debtors 6 170,784 97,434
Cash at bank and in hand 70,889 86,186
409,913 264,914
CREDITORS
Amounts falling due within one year 7 615,999 388,865
NET CURRENT LIABILITIES (206,086 ) (123,951 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(160,936

)

(99,870

)

CREDITORS
Amounts falling due after more than one
year

8

21,983

-
NET LIABILITIES (182,919 ) (99,870 )

CAPITAL AND RESERVES
Called up share capital 20 10
Retained earnings (182,939 ) (99,880 )
(182,919 ) (99,870 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Permaframe Home Improvements Limited (Registered number: 14396227)

Balance Sheet - continued
31 August 2024


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

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 28 May 2025 and were signed on its behalf by:





G Kane - Director


Permaframe Home Improvements Limited (Registered number: 14396227)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Permaframe Home Improvements 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The company acquired the goodwill from a third party in November 2022, the directors deem the goodwill to have no long term value, therefore it has been amortised fully in the year of acquisition.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

Permaframe Home Improvements Limited (Registered number: 14396227)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 19,566
AMORTISATION
At 1 September 2023
and 31 August 2024 19,566
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 September 2023 25,686
Additions 32,990
At 31 August 2024 58,676
DEPRECIATION
At 1 September 2023 1,605
Charge for year 11,921
At 31 August 2024 13,526
NET BOOK VALUE
At 31 August 2024 45,150
At 31 August 2023 24,081

Permaframe Home Improvements Limited (Registered number: 14396227)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 67,838 28,205
VAT - 8,316
Deferred tax asset 59,051 30,033
Prepayments and accrued income 43,895 30,880
170,784 97,434

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 9) 7,747 -
Trade creditors 124,627 142,314
Amounts owed to group undertakings 116,871 117,257
Social security and other taxes 20,487 11,989
VAT 23,512 -
Other creditors 43,302 26,899
Accruals and deferred income 279,453 90,406
615,999 388,865

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Hire purchase contracts (see note 9) 21,983 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.8.24 31.8.23
£    £   
Net obligations repayable:
Within one year 7,747 -
Between one and five years 21,983 -
29,730 -

Non-cancellable operating leases
31.8.24 31.8.23
£    £   
Within one year 43,025 34,400
Between one and five years 162,034 137,600
In more than five years - 26,201
205,059 198,201