REGISTERED NUMBER: 09217553 (England and Wales)

PREFABRICATED SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G S Lawton

Mr A Ormond

Mr O Brooks

REGISTERED OFFICE:

Unit 20

Norquest Industrial Park

Birstall

Batley

WF17 9NE

REGISTERED NUMBER:

09217553 (England and Wales)

ACCOUNTANTS:

KTC

Chartered Certified Accountants

80 West View

Barlby Road

Selby

North Yorkshire

YO8 5BD

FIXED ASSETS

Tangible assets

4

254,331

89,490

CURRENT ASSETS

Stocks

16,997

67,951

Debtors

5

894,053

475,460

Cash at bank

814,622

193,801

1,725,672

737,212

CREDITORS

Amounts falling due within one year

6

986,905

419,590

NET CURRENT ASSETS

738,767

317,622

TOTAL ASSETS LESS CURRENT LIABILITIES

993,098

407,112

CREDITORS

Amounts falling due after more than one year

7

(134,947

)

(179,959

)

PROVISIONS FOR LIABILITIES

(58,583

)

(22,373

)

NET ASSETS

799,568

204,780

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

799,368

204,580

799,568

204,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 14 July 2025 and were signed on its behalf by:

Mr G S Lawton - Director

1.	STATUTORY INFORMATION

Prefabricated Solutions 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.

Short leasehold

-

in accordance with the property

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

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

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.

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 22 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

Computer

leasehold

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

17,503

115,606

34,226

3,913

171,248

Additions

17,721

75,404

78,000

9,200

180,325

At 31 January 2025

35,224

191,010

112,226

13,113

351,573

DEPRECIATION

At 1 February 2024

17,503

28,382

34,226

1,647

81,758

Charge for year

-

12,205

-

3,279

15,484

At 31 January 2025

17,503

40,587

34,226

4,926

97,242

NET BOOK VALUE

At 31 January 2025

17,721

150,423

78,000

8,187

254,331

At 31 January 2024

-

87,224

-

2,266

89,490

The net book value of tangible fixed assets includes £ 78,000 in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

863,017

441,291

Prepayments and accrued income

31,036

34,169

894,053

475,460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

38,182

38,182

Other loans

52,894

49,822

Hire purchase contracts

12,437

-

Trade creditors

304,627

251,380

Tax

209,518

30,017

Social security and other taxes

28,855

13,741

VAT

103,992

32,848

Accrued expenses

236,400

3,600

986,905

419,590

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

32,727

70,909

Other loans

56,157

109,050

Hire purchase contracts

46,063

-

134,947

179,959

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

70,909

109,091

Hire purchase contracts

58,500

-

129,409

109,091

9.	OTHER FINANCIAL COMMITMENTS

At 31 January 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £1,150 (2024 - £93,048).