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Registered number: 05313906
Pre-Met Holdings Limited
Unaudited
Directors' report and financial statements
for the year ended 31 August 2023
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Pre-Met Holdings Limited
Company Information
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Pre-Met Holdings Limited
Contents
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Statement of comprehensive income
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Statement of changes in equity
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Notes to the financial statements
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Pre-Met Holdings Limited
Directors' report
for the year ended 31 August 2023
The directors present their report and the financial statements for the year ended 31 August 2023.
The profit for the year, after taxation, amounted to £218,500 (2022 - £100,000).
The directors who served during the year were:
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 18 December 2023 and signed on its behalf.
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Pre-Met Holdings Limited
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Pre-Met Holdings Limited for the year ended 31 August 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pre-Met Holdings Limited for the year ended 31 August 2023 which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.
This report is made solely to the Board of directors of Pre-Met Holdings Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Pre-Met Holdings Limited and state those matters that we have agreed to state to the Board of directors of Pre-Met Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pre-Met Holdings Limited and its Board of directors, as a body, for our work or for this report.
It is your duty to ensure that Pre-Met Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Pre-Met Holdings Limited. You consider that Pre-Met Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or review of the financial statements of Pre-Met Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Kreston Reeves LLP
Chartered Accountants
Chatham Maritime
18 December 2023
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Pre-Met Holdings Limited
Statement of comprehensive income
for the year ended 31 August 2023
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Income from fixed assets investments
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Profit for the financial year
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There was no other comprehensive income for 2023 (2022:£NIL).
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Page 3
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Pre-Met Holdings Limited
Registered number: 05313906
Balance sheet
as at 31 August 2023
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
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.
The financial statements have been prepared 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 financial statements were approved and authorised for issue by the board and were signed on its behalf on 18 December 2023.
The notes on pages 6 to 7 form part of these financial statements.
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Pre-Met Holdings Limited
Statement of changes in equity
for the year ended 31 August 2023
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Comprehensive income for the year
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Contributions by and distributions to owners
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Comprehensive income for the year
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Contributions by and distributions to owners
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Page 5
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Pre-Met Holdings Limited
Notes to the financial statements
for the year ended 31 August 2023
Pre-Met Holdings Limited is a private company limited by shares, with registration number 05313906, and is incorporated in England and Wales. The address of the registered office is Montague Place, Quayside, Chatham Maritime, Chatham, Kent, ME4 4QU, and the principal place of business is Studley Road, Redditch, Worcestershire, B98 7HJ. The principal activity of the company is act as a holding company of a subsidiary that manufactures precision metal presswork and related tools.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The forecasts and projections prepared show that the subsidiary is able to operate within the level of its current facilities. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
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The average monthly number of employees, including directors, during the year was 2 (2022 - 3).
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Pre-Met Holdings Limited
Notes to the financial statements
for the year ended 31 August 2023
The company owns the entire Ordinary share capital of Pre-Met Limited. The subsidiary's registered office is Studley Road, Redditch, Worcestershire, B98 7HJ. The aggregate of share capital and reserves as at 31 August 2023 is £2,854,065. The profit for the year to 31 August 2023 is £749,819.
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