P.R.E. BUILDING SOLUTIONS LTD

P.R.E. BUILDING SOLUTIONS LTD - Company Information

2020-03-012021-02-282021-02-28false09460815P.R.E. BUILDING SOLUTIONS LTD2021-11-1141202iso4217:GBPxbrli:pure094608152020-03-01094608152021-02-28094608152020-03-012021-02-28094608152019-03-01094608152020-02-29094608152019-03-012020-02-2909460815bus:SmallEntities2020-03-012021-02-2809460815bus:AuditExempt-NoAccountantsReport2020-03-012021-02-2809460815bus:FullAccounts2020-03-012021-02-2809460815bus:PrivateLimitedCompanyLtd2020-03-012021-02-2809460815core:WithinOneYear2021-02-2809460815core:AfterOneYear2021-02-2809460815core:WithinOneYear2020-02-2909460815core:AfterOneYear2020-02-2909460815core:ShareCapital2021-02-2809460815core:SharePremium2021-02-2809460815core:RevaluationReserve2021-02-2809460815core:OtherReservesSubtotal2021-02-2809460815core:RetainedEarningsAccumulatedLosses2021-02-2809460815core:ShareCapital2020-02-2909460815core:SharePremium2020-02-2909460815core:RevaluationReserve2020-02-2909460815core:OtherReservesSubtotal2020-02-2909460815core:RetainedEarningsAccumulatedLosses2020-02-2909460815core:LandBuildings2021-02-2809460815core:PlantMachinery2021-02-2809460815core:Vehicles2021-02-2809460815core:FurnitureFittings2021-02-2809460815core:OfficeEquipment2021-02-2809460815core:NetGoodwill2021-02-2809460815core:IntangibleAssetsOtherThanGoodwill2021-02-2809460815core:ListedExchangeTraded2021-02-2809460815core:UnlistedNon-exchangeTraded2021-02-2809460815core:LandBuildings2020-02-2909460815core:PlantMachinery2020-02-2909460815core:Vehicles2020-02-2909460815core:FurnitureFittings2020-02-2909460815core:OfficeEquipment2020-02-2909460815core:NetGoodwill2020-02-2909460815core:IntangibleAssetsOtherThanGoodwill2020-02-2909460815core:ListedExchangeTraded2020-02-2909460815core:UnlistedNon-exchangeTraded2020-02-2909460815core:LandBuildings2020-03-012021-02-2809460815core:PlantMachinery2020-03-012021-02-2809460815core:Vehicles2020-03-012021-02-2809460815core:FurnitureFittings2020-03-012021-02-2809460815core:OfficeEquipment2020-03-012021-02-2809460815core:NetGoodwill2020-03-012021-02-2809460815core:IntangibleAssetsOtherThanGoodwill2020-03-012021-02-2809460815core:ListedExchangeTraded2020-03-012021-02-2809460815core:UnlistedNon-exchangeTraded2020-03-012021-02-2809460815core:MoreThanFiveYears2020-03-012021-02-2809460815core:Non-currentFinancialInstruments2021-02-2809460815core:Non-currentFinancialInstruments2020-02-2909460815dpl:CostSales2020-03-012021-02-2809460815dpl:DistributionCosts2020-03-012021-02-2809460815dpl:AdministrativeExpenses2020-03-012021-02-2809460815core:LandBuildings2020-03-012021-02-2809460815core:PlantMachinery2020-03-012021-02-2809460815core:Vehicles2020-03-012021-02-2809460815core:FurnitureFittings2020-03-012021-02-2809460815core:OfficeEquipment2020-03-012021-02-2809460815core:NetGoodwill2020-03-012021-02-2809460815core:IntangibleAssetsOtherThanGoodwill2020-03-012021-02-2809460815dpl:GroupUndertakings2020-03-012021-02-2809460815dpl:ParticipatingInterests2020-03-012021-02-2809460815dpl:GroupUndertakingscore:ListedExchangeTraded2020-03-012021-02-2809460815core:ListedExchangeTraded2020-03-012021-02-2809460815dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-03-012021-02-2809460815core:UnlistedNon-exchangeTraded2020-03-012021-02-2809460815dpl:CostSales2019-03-012020-02-2909460815dpl:DistributionCosts2019-03-012020-02-2909460815dpl:AdministrativeExpenses2019-03-012020-02-2909460815core:LandBuildings2019-03-012020-02-2909460815core:PlantMachinery2019-03-012020-02-2909460815core:Vehicles2019-03-012020-02-2909460815core:FurnitureFittings2019-03-012020-02-2909460815core:OfficeEquipment2019-03-012020-02-2909460815core:NetGoodwill2019-03-012020-02-2909460815core:IntangibleAssetsOtherThanGoodwill2019-03-012020-02-2909460815dpl:GroupUndertakings2019-03-012020-02-2909460815dpl:ParticipatingInterests2019-03-012020-02-2909460815dpl:GroupUndertakingscore:ListedExchangeTraded2019-03-012020-02-2909460815core:ListedExchangeTraded2019-03-012020-02-2909460815dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2019-03-012020-02-2909460815core:UnlistedNon-exchangeTraded2019-03-012020-02-2909460815core:NetGoodwill2021-02-2809460815core:IntangibleAssetsOtherThanGoodwill2021-02-2809460815core:LandBuildings2021-02-2809460815core:PlantMachinery2021-02-2809460815core:Vehicles2021-02-2809460815core:FurnitureFittings2021-02-2809460815core:OfficeEquipment2021-02-2809460815core:AfterOneYear2021-02-2809460815core:WithinOneYear2021-02-2809460815core:ListedExchangeTraded2021-02-2809460815core:UnlistedNon-exchangeTraded2021-02-2809460815core:ShareCapital2021-02-2809460815core:SharePremium2021-02-2809460815core:RevaluationReserve2021-02-2809460815core:OtherReservesSubtotal2021-02-2809460815core:RetainedEarningsAccumulatedLosses2021-02-2809460815core:NetGoodwill2020-02-2909460815core:IntangibleAssetsOtherThanGoodwill2020-02-2909460815core:LandBuildings2020-02-2909460815core:PlantMachinery2020-02-2909460815core:Vehicles2020-02-2909460815core:FurnitureFittings2020-02-2909460815core:OfficeEquipment2020-02-2909460815core:AfterOneYear2020-02-2909460815core:WithinOneYear2020-02-2909460815core:ListedExc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Registered Number
09460815
(England and Wales)

Unaudited Financial Statements for the Year Ended
28 February 2021

P.R.E. BUILDING SOLUTIONS LTD

Company Information
for the year from 1 March 2020 to 28 February 2021


Directors	EDWARDS, Philip Roy


Registered Address	Rb Chartered Accountant Meeson House
	76 Pinfold Lane
	Penkridge
	ST19 5AP


Registered Number	09460815 (England and Wales)

P.R.E. BUILDING SOLUTIONS LTD

Statement of Financial Position
28 February 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	5		31,586		25,253
			31,586		25,253
Current assets
Debtors	6	6,433		4,767
Cash at bank and on hand		8,585		13,814
		15,018		18,581
Creditors amounts falling due within one year	7	(30,442)		(38,864)
Net current assets (liabilities)			(15,424)		(20,283)
Total assets less current liabilities			16,162		4,970
Creditors amounts falling due after one year	8		(9,711)		-
Provisions for liabilities	9		(6,001)		(4,798)
Net assets			450		172
Capital and reserves
Called up share capital			10		10
Profit and loss account			440		162
Shareholders' funds			450		172

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 11 November 2021, and are signed on its behalf by:

EDWARDS, Philip Roy
Director
Registered Company No. 09460815

P.R.E. BUILDING SOLUTIONS LTD

Notes to the Financial Statements
for the year ended 28 February 2021

1.	STATUTORY INFORMATION
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	COMPLIANCE WITH APPLICABLE REPORTING FRAMEWORK
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	ACCOUNTING POLICIES

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

4.	EMPLOYEE INFORMATION

		2021		2020
	Average number of employees during the year	1		1

5.	PROPERTY, PLANT AND EQUIPMENT

	Plant & machinery £	Vehicles £	Total £
Cost or valuation
At 01 March 20	19,013	20,900	39,913
Additions	17,204	2,500	19,704
At 28 February 21	36,217	23,400	59,617
Depreciation and impairment
At 01 March 20	12,918	1,742	14,660
Charge for year	7,938	5,433	13,371
At 28 February 21	20,856	7,175	28,031
Net book value
At 28 February 21	15,361	16,225	31,586
At 29 February 20	6,095	19,158	25,253

6.	DEBTORS
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

DEBTORS

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	2021 £	2020 £
Trade debtors / trade receivables	417	-
Other debtors	6,016	4,695
Prepayments and accrued income	-	72
Total	6,433	4,767

7.	CREDITORS WITHIN ONE YEAR
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	2021 £	2020 £
Trade creditors / trade payables	8,087	6,419
Bank borrowings and overdrafts	2,988	1,105
Taxation and social security	8,492	6,321
Other creditors	9,731	23,828
Accrued liabilities and deferred income	1,144	1,191
Total	30,442	38,864

8.	CREDITORS AFTER ONE YEAR

		2021 £		2020 £
	Bank borrowings and overdrafts	9,711		-
	Total	9,711		-

9.	PROVISIONS FOR LIABILITIES

		2021 £		2020 £
	Net deferred tax liability (asset)	6,001		4,798
	Total	6,001		4,798