Company Registration No. 02864193 (England and Wales)
PREFORM INSULATIONS LIMITED
Unaudited accounts
for the year ended 31 October 2025
PREFORM INSULATIONS LIMITED
Unaudited accounts
Contents
PREFORM INSULATIONS LIMITED
Company Information
for the year ended 31 October 2025
Directors
Colin Fell
Denise Fell
Matthew Fell
Katherine Fletcher
Company Number
02864193 (England and Wales)
Registered Office
58 HELLESDON PARK ROAD
NORWICH
NR6 5DR
ENGLAND
Accountants
Accountancy Plus & Payroll People Ltd
9 Langley Street
Langley
Norwich
Norfolk
NR14 6DE
PREFORM INSULATIONS LIMITED
Statement of financial position
as at 31 October 2025
Tangible assets
270,970
68,785
Cash at bank and in hand
234,006
330,269
Creditors: amounts falling due within one year
(195,077)
(171,601)
Net current assets
318,880
373,683
Total assets less current liabilities
589,850
442,468
Creditors: amounts falling due after more than one year
(212,821)
(99,594)
Provisions for liabilities
Deferred tax
(13,778)
(17,196)
Net assets
363,251
325,678
Called up share capital
103
103
Profit and loss account
363,148
325,575
Shareholders' funds
363,251
325,678
For the year ending 31 October 2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by
Matthew Fell
Director
Company Registration No. 02864193
PREFORM INSULATIONS LIMITED
Notes to the Accounts
for the year ended 31 October 2025
PREFORM INSULATIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02864193. The registered office is 58 HELLESDON PARK ROAD, NORWICH, NR6 5DR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is recognised to the extent that is it probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
All borrowing costs are recognised in the profit or loss in the in which they are incurred.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% straight line
Computer equipment
25% straight line
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable within penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible know amounts of cash with insignificant risk of change in value.
PREFORM INSULATIONS LIMITED
Notes to the Accounts
for the year ended 31 October 2025
Short term creditors are measured at transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transactions costs, and are measure subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments in ordinary shares.
Equity dividends are recognised when they become legally payable. Interim dividends are recognised when paid. Final dividends are recognised when approved by the shareholders.
The Directors have considered the Company's position at the time of signing of the financial statements, and based on this, the Directors have concluded that they have a reasonable expectation the Company will have adequate resources to continue in operation existence for the foreseeable future and there therefore continue to adopt the going concern basis of the accounting in preparing thee financial statements.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2024
-
2,956
158,129
6,856
167,941
Additions
215,856
-
7,874
424
224,154
At 31 October 2025
215,856
2,956
166,003
7,280
392,095
At 1 November 2024
-
1,343
91,997
5,816
99,156
Charge for the year
-
323
21,276
370
21,969
At 31 October 2025
-
1,666
113,273
6,186
121,125
At 31 October 2025
215,856
1,290
52,730
1,094
270,970
At 31 October 2024
-
1,613
66,132
1,040
68,785
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
26,909
61,026
Amounts falling due within one year
Trade debtors
191,781
148,588
Accrued income and prepayments
10,873
8,004
Other debtors
33,458
27,824
PREFORM INSULATIONS LIMITED
Notes to the Accounts
for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
22,288
10,000
Obligations under finance leases and hire purchase contracts
28,792
26,504
Trade creditors
72,654
47,098
Taxes and social security
51,080
57,062
Other creditors
19,883
17,801
Loans from directors
-
13,136
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
50,036
78,827
Other creditors
9,200
11,600
Allotted, called up and fully paid:
100 Ordinary A shares of £1 each
100
100
1 Ordinary B shares of £1 each
1
1
1 Ordinary C shares of £1 each
1
1
1 Ordinary D shares of £1 each
1
1
The company operates a defined contributions pension scheme. The pension cost charge contributions payable by the company to the fund amounted to £4,316 (£2023: £3,626). All contributions due for the period, were paid by the company year end.
10
Average number of employees
During the year the average number of employees was 11 (2024: 10).