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REGISTERED NUMBER: 06390395 (England and Wales)






















Financial Statements

for the Year Ended 31 October 2023

for

PMI Insulation Services Limited

PMI Insulation Services Limited (Registered number: 06390395)






Contents of the Financial Statements
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PMI Insulation Services Limited

Company Information
for the year ended 31 October 2023







DIRECTORS: P J Moore
Mrs A M Moore





SECRETARY: Mrs A M Moore





REGISTERED OFFICE: Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ





REGISTERED NUMBER: 06390395 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Adelphi Chambers
30 Hoghton Street
Southport
Merseyside
PR9 0NZ

PMI Insulation Services Limited (Registered number: 06390395)

Balance Sheet
31 October 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 30,000 40,000
Tangible assets 5 14,646 18,255
44,646 58,255

CURRENT ASSETS
Stocks 2,000 1,180
Debtors 6 34,000 14,269
Cash at bank 51,069 64,165
87,069 79,614
CREDITORS
Amounts falling due within one year 7 (106,715 ) (85,733 )
NET CURRENT LIABILITIES (19,646 ) (6,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,000

52,136

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium 39,000 39,000
Retained earnings (15,000 ) 12,136
SHAREHOLDERS' FUNDS 25,000 52,136

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 10 April 2024 and were signed on its behalf by:




P J Moore - Director



Mrs A M Moore - Director


PMI Insulation Services Limited (Registered number: 06390395)

Notes to the Financial Statements
for the year ended 31 October 2023

1. STATUTORY INFORMATION

PMI Insulation Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2007, 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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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

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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 November 2022
and 31 October 2023 100,000
AMORTISATION
At 1 November 2022 60,000
Amortisation for year 10,000
At 31 October 2023 70,000
NET BOOK VALUE
At 31 October 2023 30,000
At 31 October 2022 40,000

PMI Insulation Services Limited (Registered number: 06390395)

Notes to the Financial Statements - continued
for the year ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 November 2022 8,166 7,969 34,555 906 51,596
Additions 250 - - - 250
At 31 October 2023 8,416 7,969 34,555 906 51,846
DEPRECIATION
At 1 November 2022 7,527 6,484 18,734 596 33,341
Charge for year 222 371 3,164 102 3,859
At 31 October 2023 7,749 6,855 21,898 698 37,200
NET BOOK VALUE
At 31 October 2023 667 1,114 12,657 208 14,646
At 31 October 2022 639 1,485 15,821 310 18,255

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 32,260 12,237
Other debtors 1,740 2,032
34,000 14,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 9,198 8,954
Taxation and social security 11,325 718
Other creditors 86,192 76,061
106,715 85,733

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1 1,000 1,000