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Registration number: 10134328

Pro Build Composites Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Pro Build Composites Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 11

Pro Build Composites Limited

Company Information

Directors | Mr Ryan Courtney Taylor Mr Martin Mynne

Registered office | The Athenaeum Kimberley Place Falmouth Cornwall TR11 3QL

Accountants | Paul & Maundrell The Athenaeum Kimberley Place Falmouth Cornwall TR11 3QL

Pro Build Composites Limited

(Registration number: 10134328)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 33,839 | 38,879
Current assets |  |  |
Stocks | 5 | 27,496 | 50,698
Debtors | 6 | 25,871 | 3,968
Cash at bank and in hand |  | 202,529 | 206,923
|  | 255,896 | 261,589
Creditors: Amounts falling due within one year | 7 | (87,612) | (129,558)
Net current assets |  | 168,284 | 132,031
Total assets less current liabilities |  | 202,123 | 170,910
Creditors: Amounts falling due after more than one year | 7 | (852) | (26,019)
Provisions for liabilities |  | (6,429) | (2,233)
Net assets |  | 194,842 | 142,658
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | 194,840 | 142,656
Shareholders' funds |  | 194,842 | 142,658

For the financial year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 February 2026 and signed on its behalf by:

Pro Build Composites Limited

(Registration number: 10134328)
Balance Sheet as at 30 April 2025

......................................... Mr Ryan Courtney Taylor Director

Pro Build Composites Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The Athenaeum
Kimberley Place
Falmouth
Cornwall
TR11 3QL
England

These financial statements were authorised for issue by the Board on 13 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods
and provision of services in the ordinary course of the company’s activities. Turnover is shown net of
sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Pro Build Composites Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at relevant amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reserves a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset, Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of the asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% straight line
Office equipment | 25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Pro Build Composites Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Pro Build Composites Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Pro Build Composites Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible assets

| Fixtures, fittings and equipment £ | Plant and machinery £ | Total £
Cost or valuation
At 1 May 2024 | 11,990 | 35,522 | 47,512
Additions | 2,214 | - | 2,214
At 30 April 2025 | 14,204 | 35,522 | 49,726
Depreciation
At 1 May 2024 | 3,304 | 5,329 | 8,633
Charge for the year | 2,725 | 4,529 | 7,254
At 30 April 2025 | 6,029 | 9,858 | 15,887
Carrying amount
At 30 April 2025 | 8,175 | 25,664 | 33,839
At 30 April 2024 | 8,686 | 30,193 | 38,879

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 27,496 | 50,698

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 20,316 | (1)
Prepayments | 5,163 | 3,969
Other debtors | 392 | -
| 25,871 | 3,968

Pro Build Composites Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 478 | 257
Taxation and social security | 55,876 | 75,661
Accruals and deferred income | 25,468 | 35,011
Other creditors | 5,790 | 18,629
| 87,612 | 129,558

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings |  | 852 | 26,019

Pro Build Composites Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8 | Related party transactions

Transactions with directors

2025 | At 1 May 2024 £ | Advances to director £ | Repayments by director £ | At 30 April 2025 £
Mr Ryan Courtney Taylor
| (25,541) | 26,681 | (749) | 391
Mr Martin Mynne
| (478) | 17,250 | (17,624) | (852)

2024 | At 1 May 2023 £ | Advances to director £ | Repayments by director £ | At 30 April 2024 £
Mr Ryan Courtney Taylor
| (3,124) | 15,583 | (38,000) | (25,541)
Mr Martin Mynne
| (681) | 203 | - | (478)

Pro Build Composites Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Directors' remuneration

The directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 227,741 | 233,399
Contributions paid to money purchase schemes | 32,000 | 13,000
| 259,741 | 246,399

Summary of transactions with all entities with joint control or significant interest

Boat Developments (UK) Ltd & Bespoke Composites Ltd. Mr R Taylor was also a director of Boat Developments (UK) Ltd during the year, whilst Mr Mynne was also a director of Bespoke Composites Ltd during the year.
During the year, £200 was paid to Boat Developments (UK) Ltd. £Nil was owed to/(from) Boat Developments (UK) Ltd at 30 April 2025.
During the year, £400 was paid to Bespoke Composites Ltd. £Nil was owed to/(from) Bespoke Composites Ltd as at 30 April 2025.