| Registered Number:11731726 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Prewco Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Prewco Limited
Statement of Financial Position
2023
2024
2
-
70,000
48,262
103,909
3
103,909
118,262
| Trade and other receivables |
918
5,024
4
535
| Cash and cash equivalents |
6,752
11,776
1,453
| Trade and other payables: amounts falling due within one |
| year |
(170,145)
(45,662)
5
(168,692)
(33,886)
Net current liabilities
| Total assets less current liabilities |
70,023
(50,430)
70,023
Net assets/liabilities
(50,430)
200
200
22,367
6,963
47,456
(57,593)
70,023
(50,430)
Shareholders' funds
| For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 23 December 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 December 2024
Prewco Limited
Notes to the Financial Statements
Statutory Information
| Prewco Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 11731726. |
Unit I, Encon Court
Owl Close
Northampton
Northamptonshire
NN3 6HZ
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain fixed assets. |
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Financial Instruments
| Financial instruments are recognised in the company's balance sheet when the company becomes party to the |
| contractual provisions of the instrument. |
| Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction |
| price. |
| Basic financial liabilities |
| Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing |
| transaction, where the debt instrument is measured at the present value of the future payments discounted at a |
| market rate of interest. Financial liabilities classified as payable within one year are not amortised. |
Equity Instruments
| Equity Instruments issued by the company are recorded at the proceeds received. Dividends payable on equity |
| instruments are recognised once they are no longer at the discretion of the company. |
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For the year ended 31 December 2024
Prewco Limited
Notes to the Financial Statements Continued
70,000
(70,000)
-
-
70,000
| 3. Investments held as fixed assets |
| Shares in group |
| and |
| participating |
| interests |
48,262
48,162
100
70,159
70,159
-
(11,913)
(11,913)
-
(2,599)
(2,599)
-
100
103,809
103,909
100
103,809
103,909
48,262
100
48,162
| Supports Direct Limited is the subsidiary of Prewco Limited. It's registration number is 08198266 and its registered |
| office is Unit 1 Encon Court, Moulton Park Industrial Estate, Northampton, England NN3 6HZ. 100% of the ordinary |
| share capital is owned. |
| 4. Trade and other receivables |
2023
2024
| Prepayments and accrued income |
-
424
| Amounts owed by directors |
4,801
-
| Taxation and social security |
129
-
94
494
918
5,024
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For the year ended 31 December 2024
Prewco Limited
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Amounts owed to group undertaking and undertaking in which the |
| company has a participating interest |
44,635
157,071
| Taxation and social security |
-
400
| Accruals and deferred income |
1,027
1,075
-
11,599
45,662
170,145
| 6. Directors advances and guarantees |
Loaned
D Prew
Director's Loan Account
4,801
(11,599)
16,400
4,801
(11,599)
16,400
The overdrawn director's loan account was unsecured and repayable on demand. No interest was charged.
| 7. Guarantees and other financial commitments |
| At 31 December 2024 the company had annual commitments under non-cancellable operating leases as set out |
| below: |
2023
2024
| Operating leases which expire: |
-
455
-
455
| 8. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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