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REGISTERED NUMBER: 07859834 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th November 2023

for

PFM Management Solutions Limited

PFM Management Solutions Limited (Registered number: 07859834)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PFM Management Solutions Limited

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mr P McGarry
Mrs M A McGarry





SECRETARY: Mrs M A McGarry





REGISTERED OFFICE: Pavilion House
168 Rawlinson Lane
Heath Charnock
Chorley
Lancashire
PR7 4DJ





REGISTERED NUMBER: 07859834 (England and Wales)





ACCOUNTANTS: Stephen Andrews & Co Limited
186 Eaves Lane
Chorley
Lancashire
PR6 0AU

PFM Management Solutions Limited (Registered number: 07859834)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 277 556

CURRENT ASSETS
Debtors 5 13,517 25,378
Cash at bank 311,722 280,490
325,239 305,868
CREDITORS
Amounts falling due within one year 6 16,281 9,159
NET CURRENT ASSETS 308,958 296,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

309,235

297,265

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 309,135 297,165
SHAREHOLDERS' FUNDS 309,235 297,265

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th January 2024 and were signed on its behalf by:





Mr P McGarry - Director


PFM Management Solutions Limited (Registered number: 07859834)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

PFM Management Solutions 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.

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 - 33% on cost and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2022 - 2 ) .

PFM Management Solutions Limited (Registered number: 07859834)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2022
and 30th November 2023 19,088
DEPRECIATION
At 1st December 2022 18,532
Charge for year 279
At 30th November 2023 18,811
NET BOOK VALUE
At 30th November 2023 277
At 30th November 2022 556

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 13,517 25,378

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Taxation and social security 14,368 834
Other creditors 1,913 8,325
16,281 9,159

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100