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REGISTERED NUMBER: 10559974 (England and Wales)













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: M C Holt
J A Elder





REGISTERED OFFICE: c/o Philip Barnes & Co Limited
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 10559974 (England and Wales)





AUDITORS: Philip Barnes & Co Limited
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 4 321,995 25,279

CURRENT ASSETS
Debtors 5 2,877,048 3,031,890
Cash at bank 2,818 177
2,879,866 3,032,067
CREDITORS
Amounts falling due within one year 6 265,659 103,794
NET CURRENT ASSETS 2,614,207 2,928,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,936,202

2,953,552

CAPITAL AND RESERVES
Called up share capital 132 132
Other reserves 32 32
Retained earnings 2,936,038 2,953,388
SHAREHOLDERS' FUNDS 2,936,202 2,953,552

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





J A Elder - Director


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 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.

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 3 (2023 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 September 2023 26,408
Additions 314,629
Exchange differences (19,042 )
At 29 September 2024 321,995
PROVISIONS
At 30 September 2023 1,129

Exchange differences (1,129 )
At 29 September 2024 -
NET BOOK VALUE
At 29 September 2024 321,995
At 29 September 2023 25,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,200 7,460
Amounts owed by group undertakings 2,857,823 3,023,981
Other debtors 1,025 449
2,877,048 3,031,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,463 5,102
Amounts owed to group undertakings 255,381 95,452
Taxation and social security - 1,034
Other creditors 3,815 2,206
265,659 103,794

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.

Faith Bates FCA, FCCA (Senior Statutory Auditor)
for and on behalf of Philip Barnes & Co Limited

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:
20242023
££
Purchases3,7292,257
Amount due to related parties98,25894,077

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B D I Group Limited.

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.