IRIS Accounts Production v25.2.0.378 09275304 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092753042023-11-30092753042024-11-30092753042023-12-012024-11-30092753042022-11-30092753042022-12-012023-11-30092753042023-11-3009275304ns15:EnglandWales2023-12-012024-11-3009275304ns14:PoundSterling2023-12-012024-11-3009275304ns10:Director12023-12-012024-11-3009275304ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3009275304ns10:SmallEntities2023-12-012024-11-3009275304ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3009275304ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3009275304ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3009275304ns10:FullAccounts2023-12-012024-11-3009275304ns10:Director22023-12-012024-11-3009275304ns10:RegisteredOffice2023-12-012024-11-3009275304ns5:CurrentFinancialInstruments2024-11-3009275304ns5:CurrentFinancialInstruments2023-11-3009275304ns5:Non-currentFinancialInstruments2024-11-3009275304ns5:Non-currentFinancialInstruments2023-11-3009275304ns5:ShareCapital2024-11-3009275304ns5:ShareCapital2023-11-3009275304ns5:RetainedEarningsAccumulatedLosses2024-11-3009275304ns5:RetainedEarningsAccumulatedLosses2023-11-3009275304ns5:PlantMachinery2023-12-012024-11-3009275304ns5:FurnitureFittings2023-12-012024-11-3009275304ns5:MotorVehicles2023-12-012024-11-3009275304ns5:ComputerEquipment2023-12-012024-11-3009275304ns5:PlantMachinery2023-11-3009275304ns5:FurnitureFittings2023-11-3009275304ns5:MotorVehicles2023-11-3009275304ns5:ComputerEquipment2023-11-3009275304ns5:PlantMachinery2024-11-3009275304ns5:FurnitureFittings2024-11-3009275304ns5:MotorVehicles2024-11-3009275304ns5:ComputerEquipment2024-11-3009275304ns5:PlantMachinery2023-11-3009275304ns5:FurnitureFittings2023-11-3009275304ns5:MotorVehicles2023-11-3009275304ns5:ComputerEquipment2023-11-3009275304ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3009275304ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-3009275304ns5:LeasedAssetsHeldAsLessee2023-11-3009275304ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3009275304ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3009275304ns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3009275304ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-11-3009275304ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-11-3009275304ns5:LeasedAssetsHeldAsLessee2024-11-3009275304ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3009275304ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-11-3009275304ns5:LeasedAssetsHeldAsLessee2023-11-3009275304ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3009275304ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 09275304 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

PREMIBUILD (MIDLANDS) LIMITED

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIBUILD (MIDLANDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: J Neale
I Neale





REGISTERED OFFICE: Unit A Victoria Court
21 - 25 Tennant Street
Nuneaton
Warwickshire
CV11 4LZ





REGISTERED NUMBER: 09275304 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,760 167,423

CURRENT ASSETS
Stocks 150,216 70,000
Debtors 5 489,629 459,183
Cash at bank 240 153,955
640,085 683,138
CREDITORS
Amounts falling due within one year 6 486,441 450,288
NET CURRENT ASSETS 153,644 232,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,404

400,273

CREDITORS
Amounts falling due after more than one
year

7

(123,888

)

(173,522

)

PROVISIONS FOR LIABILITIES (48,690 ) (35,105 )
NET ASSETS 175,826 191,646

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 175,726 191,546
175,826 191,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

BALANCE SHEET - continued
30 NOVEMBER 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 18 August 2025 and were signed on its behalf by:





I Neale - Director


PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Premibuild (Midlands) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 16 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 117,248 9,467 131,288 5,484 263,487
Additions 37,385 - 41,284 755 79,424
At 30 November 2024 154,633 9,467 172,572 6,239 342,911
DEPRECIATION
At 1 December 2023 33,605 5,263 55,222 1,974 96,064
Charge for year 22,678 631 26,758 2,020 52,087
At 30 November 2024 56,283 5,894 81,980 3,994 148,151
NET BOOK VALUE
At 30 November 2024 98,350 3,573 90,592 2,245 194,760
At 30 November 2023 83,643 4,204 76,066 3,510 167,423

PREMIBUILD (MIDLANDS) LIMITED (REGISTERED NUMBER: 09275304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2023 60,750 60,395 121,145
Additions - 41,284 41,284
At 30 November 2024 60,750 101,679 162,429
DEPRECIATION
At 1 December 2023 19,440 13,077 32,517
Charge for year 8,262 19,571 27,833
At 30 November 2024 27,702 32,648 60,350
NET BOOK VALUE
At 30 November 2024 33,048 69,031 102,079
At 30 November 2023 41,310 47,318 88,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 72,722 209,152
Other debtors 416,907 250,031
489,629 459,183

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 57,390 57,160
Hire purchase contracts 41,853 25,435
Trade creditors 121,358 120,521
Taxation and social security 127,415 180,812
Other creditors 138,425 66,360
486,441 450,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 73,033 130,424
Hire purchase contracts 50,855 43,098
123,888 173,522