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REGISTERED NUMBER: 06000066 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

PWM UK Limited

PWM UK Limited (Registered number: 06000066)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

PWM UK Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: RM Cullen
Mrs SE Cullen





SECRETARY: Mrs SE Cullen





REGISTERED OFFICE: 26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN





REGISTERED NUMBER: 06000066 (England and Wales)





ACCOUNTANTS: Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN

PWM UK Limited (Registered number: 06000066)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,748 64,569

CURRENT ASSETS
Debtors 5 254,077 300,884
Prepayments and accrued income 15,271 15,271
Cash at bank 384,027 331,081
653,375 647,236
CREDITORS
Amounts falling due within one year 6 587,369 361,122
NET CURRENT ASSETS 66,006 286,114
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,754

350,683

CREDITORS
Amounts falling due after more than one
year

7

64,497

-
NET ASSETS 142,257 350,683

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 142,157 350,583
SHAREHOLDERS' FUNDS 142,257 350,683

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

PWM UK Limited (Registered number: 06000066)

Balance Sheet - continued
30 November 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 22 March 2024 and were signed on its behalf by:





RM Cullen - Director


PWM UK Limited (Registered number: 06000066)

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

1. STATUTORY INFORMATION

PWM UK 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

PWM UK Limited (Registered number: 06000066)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 16 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 86,723 3,201 - 33,547 123,471
Additions 19,246 1,195 133,979 2,468 156,888
Disposals - - (18,500 ) - (18,500 )
At 30 November 2023 105,969 4,396 115,479 36,015 261,859
DEPRECIATION
At 1 December 2022 36,550 800 - 21,552 58,902
Charge for year 26,491 1,099 28,008 6,611 62,209
At 30 November 2023 63,041 1,899 28,008 28,163 121,111
NET BOOK VALUE
At 30 November 2023 42,928 2,497 87,471 7,852 140,748
At 30 November 2022 50,173 2,401 - 11,995 64,569

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 133,979
Disposals (18,500 )
At 30 November 2023 115,479
DEPRECIATION
Charge for year 28,008
At 30 November 2023 28,008
NET BOOK VALUE
At 30 November 2023 87,471

PWM UK Limited (Registered number: 06000066)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 230,002 300,884
Tax from earlier year 24,075 -
254,077 300,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 82,080 -
Hire purchase contracts 28,487 -
Trade creditors 382,663 216,107
Taxation - 69,200
Social security and other taxes 77,611 59,599
Directors' current accounts 14,028 13,716
Accrued expenses 2,500 2,500
587,369 361,122

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 64,497 -

8. RESERVES
Retained
earnings
£   

At 1 December 2022 350,583
Deficit for the year (37,426 )
Dividends (171,000 )
At 30 November 2023 142,157

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £171,000 (2022 - £143,800) were paid to the directors .

The directors control the company by virtue of a direct controlling interest of 100% of the issued ordinary share capital. Transactions on the directors loan account during the year were as follows:-


Balance Advanced to Balance
B/fwd the company C/fwd

£13,716 £312 £14,028

PWM UK Limited

Report of the Accountants to the Directors of
PWM UK Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Lawrence & Company
Chartered Certified Accountants
26 Bell Street
Sawbridgeworth
Hertfordshire
CM21 9AN


22 March 2024