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REGISTERED NUMBER: 08628853 (England and Wales)










Financial Statements

for the Year Ended 31 July 2023

for

PMC Scaffold & Access Ltd

PMC Scaffold & Access Ltd (Registered number: 08628853)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PMC Scaffold & Access Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G Collins
P M Cullen





REGISTERED OFFICE: 392 Cromwell Road
Grimsby
N E Lincolnshire
DN31 2BN





REGISTERED NUMBER: 08628853 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

PMC Scaffold & Access Ltd (Registered number: 08628853)

Statement of Financial Position
31 July 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 515,048 559,829

CURRENT ASSETS
Stocks 15,140 12,290
Debtors 5 988,525 832,032
Cash at bank and in hand 636,905 315,757
1,640,570 1,160,079
CREDITORS
Amounts falling due within one year 6 (687,714 ) (445,477 )
NET CURRENT ASSETS 952,856 714,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,467,904

1,274,431

CREDITORS
Amounts falling due after more than one year 7 (114,564 ) (167,558 )

PROVISIONS FOR LIABILITIES (30,741 ) (39,249 )
NET ASSETS 1,322,599 1,067,624

CAPITAL AND RESERVES
Called up share capital 126 126
Retained earnings 9 1,322,473 1,067,498
SHAREHOLDERS' FUNDS 1,322,599 1,067,624

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PMC Scaffold & Access Ltd (Registered number: 08628853)

Statement of Financial Position - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2023 and were signed on its behalf by:





P M Cullen - Director


PMC Scaffold & Access Ltd (Registered number: 08628853)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

PMC Scaffold & Access Ltd 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 - 10% on cost
Computer equipment - 10% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PMC Scaffold & Access Ltd (Registered number: 08628853)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

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 17 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 August 2022 353,254 445,197 17,302 815,753
Additions - - 1,572 1,572
At 31 July 2023 353,254 445,197 18,874 817,325
DEPRECIATION
At 1 August 2022 - 245,369 10,555 255,924
Charge for year - 44,522 1,831 46,353
At 31 July 2023 - 289,891 12,386 302,277
NET BOOK VALUE
At 31 July 2023 353,254 155,306 6,488 515,048
At 31 July 2022 353,254 199,828 6,747 559,829

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 963,625 803,782
Other debtors - 3,152
Prepayments 24,900 25,098
988,525 832,032

PMC Scaffold & Access Ltd (Registered number: 08628853)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 14,796 14,212
Other loans (see note 8) 38,198 36,853
Trade creditors 153,965 198,197
Corporation tax 138,289 97,508
Social security and other tax 25,818 20,265
VAT 132,998 66,459
Other creditors 172,950 2,960
Directors' current accounts 6,455 6,455
Accrued expenses 4,245 2,568
687,714 445,477

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 8) 84,068 98,864
Other loans (see note 8) 30,496 68,694
114,564 167,558

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 14,796 14,212
Other loans 38,198 36,853
52,994 51,065

Amounts falling due between one and two years:
Bank loans - 1-2 years 15,438 14,796
Other loans - 1-2 years 22,162 38,198
37,600 52,994

Amounts falling due between two and five years:
Bank loans - 2-5 years 68,630 84,068
Other loans - 2-5 years 8,334 30,496
76,964 114,564

PMC Scaffold & Access Ltd (Registered number: 08628853)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RESERVES
Retained
earnings
£   

At 1 August 2022 1,067,498
Profit for the year 466,375
Dividends (211,400 )
At 31 July 2023 1,322,473