REGISTERED NUMBER: 07621928 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PRO-BUILD 360 LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs T T Parinchy

B Parinchy

REGISTERED OFFICE:

1 Phoenix Business Park

Avenue Close

Birmingham

West Midlands

B7 4NU

REGISTERED NUMBER:

07621928 (England and Wales)

FIXED ASSETS

Intangible assets

4

300,269

330,269

Tangible assets

5

196,452

263,972

496,721

594,241

CURRENT ASSETS

Stocks

167,160

472,660

Debtors

3,120,200

3,314,237

Cash at bank and in hand

198,499

319,500

3,485,859

4,106,397

CREDITORS

Amounts falling due within one year

1,759,251

1,868,596

NET CURRENT ASSETS

1,726,608

2,237,801

TOTAL ASSETS LESS CURRENT LIABILITIES

2,223,329

2,832,042

CREDITORS

Amounts falling due after more than one year

(130,250

)

(294,953

)

PROVISIONS FOR LIABILITIES

-

(25,223

)

NET ASSETS

2,093,079

2,511,866

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

6

300,000

330,000

Retained earnings

1,792,979

2,181,766

2,093,079

2,511,866

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

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 September 2025 and were signed on its behalf by:

Mrs T T Parinchy - Director

1.	STATUTORY INFORMATION

Pro-Build 360 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 accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Goodwill

Goodwill is being amortised over its estimated useful life of 20 years.

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.

Trademarks are being amortised evenly over their estimated useful life of five years.

Development costs are being amortised evenly over their estimated useful life of five years.

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.

Fixtures and fittings

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

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.

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.

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 24 (2023 - 25 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

and 31 December 2024

619,370

AMORTISATION

At 1 January 2024

289,101

Amortisation for year

30,000

At 31 December 2024

319,101

NET BOOK VALUE

At 31 December 2024

300,269

At 31 December 2023

330,269

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

875,867

Additions

6,987

Disposals

(33,047

)

At 31 December 2024

849,807

DEPRECIATION

At 1 January 2024

611,895

Charge for year

64,231

Eliminated on disposal

(22,771

)

At 31 December 2024

653,355

NET BOOK VALUE

At 31 December 2024

196,452

At 31 December 2023

263,972

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2024

222,936

Disposals

(32,888

)

At 31 December 2024

190,048

DEPRECIATION

At 1 January 2024

109,209

Charge for year

27,064

Eliminated on disposal

(22,771

)

At 31 December 2024

113,502

NET BOOK VALUE

At 31 December 2024

76,546

At 31 December 2023

113,727

6.

RESERVES

Revaluation

reserve

£

At 1 January 2024

330,000

Realised amortisation

(30,000

)

At 31 December 2024

300,000

7.	PENSION COMMITMENTS

Pension commitments outstanding at the year end totalled £4,529 (2023 - £5,970).

8.	CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.