PMRD Limited Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 10767721

PMRD Limited

Filleted Unaudited Financial Statements

31 May 2020

PMRD Limited

Financial Statements

Year ended 31 May 2020

Contents	Page

Officers and professional advisers	1

Chartered certified accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

PMRD Limited

Officers and Professional Advisers

Director	P Martin

Registered office	727-729 High Road
	London
	N12 0BP

Accountants	Complete Accounting Solutions
	Chartered Certified Accountants
	727-729 High Road
	London
	N12 0BP

PMRD Limited

Chartered Certified Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of PMRD Limited

Year ended 31 May 2020

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 May 2020, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Complete Accounting Solutions Chartered Certified Accountants

727-729 High Road London N12 0BP

PMRD Limited

Statement of Financial Position

31 May 2020

	2020	2019
Note	£	£

Fixed assets

Tangible assets	4	1,246	2,027

Current assets

Debtors	5	31,781	31,458
Cash at bank and in hand		50,007	102
		--------	--------
		81,788	31,560

Creditors: amounts falling due within one year	6	41,729	33,586
		--------	--------
Net current assets/(liabilities)		40,059	( 2,026)
		--------	-------
Total assets less current liabilities		41,305	1

Creditors: amounts falling due after more than one year	7	39,335	–
		--------	----
Net assets		1,970	1
		--------	----

Capital and reserves

Called up share capital	1	1
Profit and loss account	1,969	–
	-------	----
Shareholders funds	1,970	1
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PMRD Limited

Statement of Financial Position (continued)

31 May 2020

These financial statements were approved by the board of directors and authorised for issue on 3 June 2021 , and are signed on behalf of the board by:

P Martin
Director

Company registration number: 10767721

PMRD Limited

Notes to the Financial Statements

Year ended 31 May 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In my opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which I believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular I believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.

Judgements and key sources of estimation uncertainty

No significant judgements have had to be made by the directors in preparing these financial statements .

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date .

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

	Office Equipment	-	33% straight line

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

4. Tangible assets

	Equipment
	£
Cost
At 1 June 2019	2,697
Disposals	( 354)
	-------
At 31 May 2020	2,343
	-------
Depreciation
At 1 June 2019	670
Charge for the year	781
Disposals	( 354)
	-------
At 31 May 2020	1,097
	-------
Carrying amount
At 31 May 2020	1,246
	-------
At 31 May 2019	2,027
	-------

5. Debtors

	2020	2019
	£	£
Trade debtors	375	–
Other debtors	31,406	31,458
	--------	--------
	31,781	31,458
	--------	--------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	29,160	26,914
Corporation tax	3,787	2,932
Other creditors	8,782	3,740
	--------	--------
	41,729	33,586
	--------	--------

7. Creditors: amounts falling due after more than one year

	2020	2019
	£	£
Bank loans	39,335	–
	--------	----