Registered number
02561674
PMA Recruitment Limited
Filleted Accounts
31 December 2023
PMA Recruitment Limited
Registered number: 02561674
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 44,600 35,000
Cash at bank and in hand 63,988 141,569
108,588 176,569
Creditors: amounts falling due within one year 4 (9,238) (32,079)
Net current assets 99,350 144,490
Net assets 99,350 144,490
Capital and reserves
Called up share capital 100 100
Share premium 35,000 35,000
Profit and loss account 64,250 109,390
Shareholders' funds 99,350 144,490
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Douglas John Brain
Director
Approved by the board on 31 August 2024
PMA Recruitment Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Debtors 2023 2022
£ £
Trade debtors 44,600 35,000
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 22,514 39,552
Trade creditors 6,025 6,640
Taxation and social security costs 17,221 32,748
Other creditors (36,522) (46,861)
9,238 32,079
5 Other information
PMA Recruitment Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bracken House
Chilworth Road
Southampton
Hampshire
SO16 7LP
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