Silverfin false false 31/12/2023 18/09/2023 31/12/2023 Samuel Peter Dennett 18/09/2023 Benjamin James Moore 18/09/2023 Helen Louise Moore 18/09/2023 08 April 2024 The principal activity of the Company during the financial year was the sale, service and repair of recycling equipment. 15145168 2023-12-31 15145168 bus:Director1 2023-12-31 15145168 bus:Director2 2023-12-31 15145168 bus:Director3 2023-12-31 15145168 core:CurrentFinancialInstruments 2023-12-31 15145168 core:ShareCapital 2023-12-31 15145168 core:RetainedEarningsAccumulatedLosses 2023-12-31 15145168 bus:OrdinaryShareClass1 2023-12-31 15145168 2023-09-18 2023-12-31 15145168 bus:FilletedAccounts 2023-09-18 2023-12-31 15145168 bus:SmallEntities 2023-09-18 2023-12-31 15145168 bus:AuditExemptWithAccountantsReport 2023-09-18 2023-12-31 15145168 bus:PrivateLimitedCompanyLtd 2023-09-18 2023-12-31 15145168 bus:Director1 2023-09-18 2023-12-31 15145168 bus:Director2 2023-09-18 2023-12-31 15145168 bus:Director3 2023-09-18 2023-12-31 15145168 bus:OrdinaryShareClass1 2023-09-18 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 15145168 (England and Wales)

PRM PROJECTS LIMITED

Unaudited Financial Statements
For the financial period from 18 September 2023 to 31 December 2023
Pages for filing with the registrar

PRM PROJECTS LIMITED

Unaudited Financial Statements

For the financial period from 18 September 2023 to 31 December 2023

Contents

PRM PROJECTS LIMITED

BALANCE SHEET

As at 31 December 2023
PRM PROJECTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
31.12.2023
£
Current assets
Debtors 3 784,241
Cash at bank and in hand 120,000
904,241
Creditors: amounts falling due within one year 4 ( 873,150)
Net current assets 31,091
Total assets less current liabilities 31,091
Net assets 31,091
Capital and reserves
Called-up share capital 5 1
Profit and loss account 31,090
Total shareholder's funds 31,091

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of PRM Projects Limited (registered number: 15145168) were approved and authorised for issue by the Board of Directors on 08 April 2024. They were signed on its behalf by:

Samuel Peter Dennett
Director
PRM PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 September 2023 to 31 December 2023
PRM PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 18 September 2023 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

PRM Projects Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 21 Knights Road Chelston Business Park, Wellington, TA21 9JH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Period from
18.09.2023 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 3

3. Debtors

31.12.2023
£
Trade debtors 332,120
Amounts owed by Group undertakings 452,121
784,241

4. Creditors: amounts falling due within one year

31.12.2023
£
Other taxation and social security 150,707
Other creditors 722,443
873,150

5. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

6. Ultimate controlling party

Parent Company:

PRM Waste Management Limited
21 Knights Road, Chelston Business Park, Wellington, Somerset, TA21 9 JH