PMC Services (North East) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: SC426632 (Scotland)

Unaudited Financial Statements for the Year Ended 30 June 2023

for

PMC Services (North East) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P McConnachie

REGISTERED OFFICE:

16 Sunnyside View

Kintore

Inverurie

AB51 0SX

REGISTERED NUMBER:

SC426632 (Scotland)

ACCOUNTANTS:

My Accountant Friend

50 St. Marys Road

Hemel Hempstead

Hertfordshire

HP2 5HL

FIXED ASSETS

Tangible assets

4

8,163

10,884

CURRENT ASSETS

Debtors

5

49,868

64,102

Cash at bank

10,050

2,756

59,918

66,858

CREDITORS

Amounts falling due within one year

6

57,789

60,251

NET CURRENT ASSETS

2,129

6,607

TOTAL ASSETS LESS CURRENT LIABILITIES

10,292

17,491

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10,290

17,489

SHAREHOLDERS' FUNDS

10,292

17,491

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:

P McConnachie - Director

1.	STATUTORY INFORMATION

PMC Services (North East) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 July 2022

and 30 June 2023

25,800

DEPRECIATION

At 1 July 2022

14,916

Charge for year

2,721

At 30 June 2023

17,637

NET BOOK VALUE

At 30 June 2023

8,163

At 30 June 2022

10,884

5.

DEBTORS

30.6.23

30.6.22

£

£

Amounts falling due within one year:

Trade debtors

5,868

5,102

Amounts falling due after more than one year:

Loan

44,000

59,000

Aggregate amounts

49,868

64,102

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Bank loans and overdrafts

16,250

21,250

Tax

12,624

11,009

Social security and other taxes

288

(168

)

VAT

8,639

7,544

Directors' current accounts

18,764

19,147

Accrued expenses

1,224

1,469

57,789

60,251