| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| FOR |
| PREMINOX GROUP LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| FOR |
| PREMINOX GROUP LIMITED |
| PREMINOX GROUP LIMITED (REGISTERED NUMBER: 10559974) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| PREMINOX GROUP LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditors |
| The Old Council Chambers |
| Halford Street |
| Tamworth |
| Staffordshire |
| B79 7RB |
| PREMINOX GROUP LIMITED (REGISTERED NUMBER: 10559974) |
| BALANCE SHEET |
| 29 SEPTEMBER 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| PREMINOX GROUP LIMITED (REGISTERED NUMBER: 10559974) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Preminox Group Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Preminox Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertakings are included by full consolidation in the consolidated financial statements of its parent, B D I Group Limited, Brooke Court, Lower Meadow Road, Handforth, Wilmslow, England, SK9 3ND.. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Investments in subsidiaries |
| Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| PREMINOX GROUP LIMITED (REGISTERED NUMBER: 10559974) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 30 September 2023 |
| Additions |
| Exchange differences | ( |
) |
| At 29 September 2024 |
| PROVISIONS |
| At 30 September 2023 | 1,129 |
| Exchange differences | (1,129 | ) |
| At 29 September 2024 | - |
| NET BOOK VALUE |
| At 29 September 2024 |
| At 29 September 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| Included in amounts due to group undertakings is an amount of £7,600 (2023 : £7,600) which is secured by way of a fixed and floating charge over the assets of the company. |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| PREMINOX GROUP LIMITED (REGISTERED NUMBER: 10559974) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 29 SEPTEMBER 2024 |
| 8. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| Transactions with entities with control, joint control or significant influence over the entity: |
| 2024 | 2023 |
| £ | £ |
| Purchases | 3,729 | 2,257 |
| Amount due to related parties | 98,258 | 94,077 |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| 10. | INTERESTS IN SUBSIDIARIES |
| At 2024 the company had interests in the following subsidiaries: |
Subsidiaries |
Type of shares held |
Proportion held (% |
) |
Registered Office |
Latest Accounting Date |
Preminox Limited |
Ordinary |
100% |
c/o Philip Barnes & Co Limited, The Old Council Chambers, Halford St, Tamworth, England, B79 7RB |
29/09/2024 |
Preminox, s.r.o. |
Ordinary |
100% |
Zlatovská cesta, 2415/33C, 911 38, Trencín, Slovakia |
30/09/2024 |
| Preminox Polska Sp. Zo.o. |
Ordinary |
100% |
ul. Pilsudskiego 130, 32-540, Trzebinia, Poland |
30/09/2024 |
Preminox s.r.l. |
Ordinary |
100% |
Rue Bon Espoir 17, 4041, Milmort, Belgium |
30/09/2024 |
HKMT Limited |
Ordinary |
100% |
Rooms 904-905 9/F Belgian Bank, Building 721-725 Nathan Rd, Mongkok, KL |
31/03/2020 |
Preminox s.l. |
Ordinary |
100% |
Centrovia, C/Los Angeles 42, 50196, La Muela, Zaragoza, Spain |
30/09/2024 |
| Liberty Tubes Mexico |
Ordinary |
99% |
The City of Monterrey, Capital of the state of Neuvo Leon, Mexico |
30/09/2024 |
Liberty Tubes USA |
Ordinary |
100% |
601 Abbot Road, East Lansing, MI 48823, USA |
30/09/2024 |
| 11. | SUPPORT TO SUBSIDIARY |
| The company has agreed to provide financial support to one of its wholly-owned subsidiaries for at least 12 months from the balance sheet approval date. |