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REGISTERED NUMBER: 10840407 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

PMB SOUTH LIMITED

PMB SOUTH LIMITED (REGISTERED NUMBER: 10840407)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PMB SOUTH LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTOR: P Barlow





REGISTERED OFFICE: The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP





REGISTERED NUMBER: 10840407 (England and Wales)





ACCOUNTANTS: Lees Chartered Accountants
The Granary
Brewer Street
Bletchingley
Surrey
RH1 4QP

PMB SOUTH LIMITED (REGISTERED NUMBER: 10840407)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 19,868 24,835
Tangible assets 5 18,041 27,127
37,909 51,962

CURRENT ASSETS
Stocks 14,500 12,458
Debtors 6 54,369 45,291
Cash at bank 5,287 6,854
74,156 64,603
CREDITORS
Amounts falling due within one year 7 90,809 71,537
NET CURRENT LIABILITIES (16,653 ) (6,934 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,256

45,028

CREDITORS
Amounts falling due after more than one
year

8

21,110

41,662
NET ASSETS 146 3,366

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 145 3,365
146 3,366

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.

PMB SOUTH LIMITED (REGISTERED NUMBER: 10840407)

Statement of Financial Position - continued
30 June 2023


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 24 January 2024 and were signed by:





P Barlow - Director


PMB SOUTH LIMITED (REGISTERED NUMBER: 10840407)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

PMB South Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


PMB SOUTH LIMITED (REGISTERED NUMBER: 10840407)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 37,170 12,500 49,670
AMORTISATION
At 1 July 2022 18,585 6,250 24,835
Charge for year 3,717 1,250 4,967
At 30 June 2023 22,302 7,500 29,802
NET BOOK VALUE
At 30 June 2023 14,868 5,000 19,868
At 30 June 2022 18,585 6,250 24,835

PMB SOUTH LIMITED (REGISTERED NUMBER: 10840407)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 54,864
Additions 2,613
At 30 June 2023 57,477
DEPRECIATION
At 1 July 2022 27,737
Charge for year 11,699
At 30 June 2023 39,436
NET BOOK VALUE
At 30 June 2023 18,041
At 30 June 2022 27,127

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 54,369 45,291

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 4,654 4,654
Trade creditors 29,779 17,540
Taxation and social security 19,956 16,418
Other creditors 25,772 22,277
90,809 71,537

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 4,305 14,953
Hire purchase contracts 5,429 10,083
Other creditors 11,376 16,626
21,110 41,662