Company registration number 12083849 (England and Wales)
PRIME BUILD SOUTH WEST LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
PAGES FOR FILING WITH REGISTRAR
PRIME BUILD SOUTH WEST LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
PRIME BUILD SOUTH WEST LIMITED
BALANCE SHEET
AS AT
31 JULY 2025
31 July 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
99,393
42,500
Current assets
Stocks
150,117
293,537
Debtors
4
592,785
48,076
Cash at bank and in hand
181,706
312,576
924,608
654,189
Creditors: amounts falling due within one year
5
(945,826)
(592,698)
Net current (liabilities)/assets
(21,218)
61,491
Total assets less current liabilities
78,175
103,991
Creditors: amounts falling due after more than one year
6
-
0
(9,212)
Provisions for liabilities
(18,885)
(10,494)
Net assets
59,290
84,285
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
59,288
84,283
Total equity
59,290
84,285
PRIME BUILD SOUTH WEST LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JULY 2025
31 July 2025
2025
2024
Notes
£
£
£
£
- 2 -

For the financial year ended 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 April 2026 and are signed on its behalf by:
Mr A Lloyd
Mr W Smith
Director
Director
Company registration number 12083849 (England and Wales)
PRIME BUILD SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2025
- 3 -
1
Accounting policies
Company information

Prime Build South West Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit D1, London Road, Whimple, Exeter, Devon, United Kingdom, EX5 2NL.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
33.33% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

PRIME BUILD SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 4 -
1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

PRIME BUILD SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
1
Accounting policies
(Continued)
- 5 -
1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 August 2024
7,188
13,641
65,103
85,932
Additions
-
0
9,650
75,301
84,951
Disposals
-
0
-
0
(27,583)
(27,583)
At 31 July 2025
7,188
23,291
112,821
143,300
Depreciation and impairment
At 1 August 2024
4,851
10,457
28,124
43,432
Depreciation charged in the year
584
2,310
9,885
12,779
Eliminated in respect of disposals
-
0
-
0
(12,304)
(12,304)
At 31 July 2025
5,435
12,767
25,705
43,907
Carrying amount
At 31 July 2025
1,753
10,524
87,116
99,393
At 31 July 2024
2,337
3,184
36,979
42,500
PRIME BUILD SOUTH WEST LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2025
- 6 -
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
583,927
43,304
Other debtors
8,858
4,772
592,785
48,076
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
41,036
9,960
Trade creditors
638,516
495,792
Corporation tax
5,044
56,980
Other taxation and social security
77,174
29,428
Other creditors
184,056
538
945,826
592,698
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
9,212
7
Related party transactions
2025
2024
Amounts due to related parties
£
£
Key management personnel
-
7
8
Directors' transactions
Loans
% Rate
Opening balance
Amounts advanced
Closing balance
£
£
£
Directors loan balance
-
-
1,243
1,243
-
1,243
1,243
2025-07-31 2024-08-01 false false false 02 April 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A Lloyd Mr W Smith 12083849 2024-08-01 2025-07-31 12083849 2025-07-31 12083849 2024-07-31 12083849 core:PlantMachinery 2025-07-31 12083849 core:ComputerEquipment 2025-07-31 12083849 core:MotorVehicles 2025-07-31 12083849 core:PlantMachinery 2024-07-31 12083849 core:ComputerEquipment 2024-07-31 12083849 core:MotorVehicles 2024-07-31 12083849 core:CurrentFinancialInstruments core:WithinOneYear 2025-07-31 12083849 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12083849 core:WithinOneYear 2025-07-31 12083849 core:WithinOneYear 2024-07-31 12083849 core:AfterOneYear 2025-07-31 12083849 core:AfterOneYear 2024-07-31 12083849 core:CurrentFinancialInstruments 2025-07-31 12083849 core:CurrentFinancialInstruments 2024-07-31 12083849 core:ShareCapital 2025-07-31 12083849 core:ShareCapital 2024-07-31 12083849 core:RetainedEarningsAccumulatedLosses 2025-07-31 12083849 core:RetainedEarningsAccumulatedLosses 2024-07-31 12083849 bus:Director1 2024-08-01 2025-07-31 12083849 bus:Director2 2024-08-01 2025-07-31 12083849 core:PlantMachinery 2024-08-01 2025-07-31 12083849 core:ComputerEquipment 2024-08-01 2025-07-31 12083849 core:MotorVehicles 2024-08-01 2025-07-31 12083849 2023-08-01 2024-07-31 12083849 core:PlantMachinery 2024-07-31 12083849 core:ComputerEquipment 2024-07-31 12083849 core:MotorVehicles 2024-07-31 12083849 2024-07-31 12083849 core:Non-currentFinancialInstruments 2025-07-31 12083849 core:Non-currentFinancialInstruments 2024-07-31 12083849 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 12083849 bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 12083849 bus:FRS102 2024-08-01 2025-07-31 12083849 bus:AuditExemptWithAccountantsReport 2024-08-01 2025-07-31 12083849 bus:FullAccounts 2024-08-01 2025-07-31 xbrli:pure xbrli:shares iso4217:GBP