PME (Dundee) Ltd SC576446 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is Electrical Instalation Digita Accounts Production Advanced 6.30.9574.0 true SC576446 2022-10-01 2023-09-30 SC576446 2023-09-30 SC576446 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC576446 core:ShareCapital 2023-09-30 SC576446 core:CurrentFinancialInstruments 2023-09-30 SC576446 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC576446 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 SC576446 core:FurnitureFittings 2023-09-30 SC576446 core:MotorVehicles 2023-09-30 SC576446 core:OfficeEquipment 2023-09-30 SC576446 core:PlantMachinery 2023-09-30 SC576446 bus:SmallEntities 2022-10-01 2023-09-30 SC576446 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SC576446 bus:FullAccounts 2022-10-01 2023-09-30 SC576446 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 SC576446 bus:RegisteredOffice 2022-10-01 2023-09-30 SC576446 bus:Director1 2022-10-01 2023-09-30 SC576446 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 SC576446 core:FurnitureFittings 2022-10-01 2023-09-30 SC576446 core:MotorVehicles 2022-10-01 2023-09-30 SC576446 core:OfficeEquipment 2022-10-01 2023-09-30 SC576446 core:PlantMachinery 2022-10-01 2023-09-30 SC576446 countries:Scotland 2022-10-01 2023-09-30 SC576446 2022-09-30 SC576446 core:FurnitureFittings 2022-09-30 SC576446 core:MotorVehicles 2022-09-30 SC576446 core:OfficeEquipment 2022-09-30 SC576446 core:PlantMachinery 2022-09-30 SC576446 2021-10-01 2022-09-30 SC576446 2022-09-30 SC576446 core:RetainedEarningsAccumulatedLosses 2022-09-30 SC576446 core:ShareCapital 2022-09-30 SC576446 core:CurrentFinancialInstruments 2022-09-30 SC576446 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 SC576446 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 SC576446 core:FurnitureFittings 2022-09-30 SC576446 core:MotorVehicles 2022-09-30 SC576446 core:OfficeEquipment 2022-09-30 SC576446 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure

Registration number: SC576446

PME (Dundee) Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2023

 

PME (Dundee) Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

PME (Dundee) Ltd

(Registration number: SC576446)
Statement of Financial Position as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

38,680

27,894

Current assets

 

Debtors

5

667,155

270,340

Cash at bank and in hand

 

149,530

297,592

 

816,685

567,932

Creditors: Amounts falling due within one year

6

(578,506)

(348,077)

Net current assets

 

238,179

219,855

Total assets less current liabilities

 

276,859

247,749

Creditors: Amounts falling due after more than one year

6

(16,677)

(25,355)

Net assets

 

260,182

222,394

Capital and reserves

 

Called up share capital

4

3

Retained earnings

260,178

222,391

Shareholders' funds

 

260,182

222,394

For the financial year ending 30 September 2023 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 accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 19 April 2024
 

 

PME (Dundee) Ltd

(Registration number: SC576446)
Statement of Financial Position as at 30 September 2023

.........................................
Mr M Hay
Director

 

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
1 Faraday Court
Dryburgh Industrial Estate
Dundee
DD2 3UD
Scotland

These financial statements were authorised for issue by the director on 19 April 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

 

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicle

25% reducing balance

Plant & Machinery

20% reducing balance

Office Equipment

25% reducing balance

Fixture & Fittings

25% reducing balance

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

 

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 27 (2022 - 24).

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Office equipment
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2022

8,040

18,875

6,074

27,841

60,830

Additions

700

20,000

-

-

20,700

At 30 September 2023

8,740

38,875

6,074

27,841

81,530

Depreciation

At 1 October 2022

2,988

12,891

3,537

13,520

32,936

Charge for the year

1,011

6,121

634

2,148

9,914

At 30 September 2023

3,999

19,012

4,171

15,668

42,850

Carrying amount

At 30 September 2023

4,741

19,863

1,903

12,173

38,680

At 30 September 2022

5,052

5,984

2,537

14,321

27,894

5

Debtors

Current

2023
£

2022
£

Trade debtors

646,027

224,408

Other debtors

21,128

45,932

 

667,155

270,340

 

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

10,823

11,073

Trade creditors

 

208,936

163,176

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

221,453

-

Taxation and social security

 

82,539

46,580

Accruals and deferred income

 

37,757

30,008

Other creditors

 

16,998

97,240

 

578,506

348,077

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

16,677

25,355

7

Dividends

   

2023

 

2022

   

£

 

£

Final dividend of £50,000 (2022 - £13,781) per ordinary share

 

200,000

 

55,122