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REGISTERED NUMBER: 06710018 (England and Wales)















Allmarque PMS Ltd

Unaudited Financial Statements for the Year Ended 30 September 2023






Allmarque PMS Ltd (Registered number: 06710018)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Allmarque PMS Ltd

Company Information
for the Year Ended 30 September 2023







Director: M J Stanton





Registered office: Unit 9 Church Street
Usk Way
Newport
NP20 2TX





Registered number: 06710018 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Allmarque PMS Ltd (Registered number: 06710018)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £   
Fixed assets
Intangible assets 4 - -
Property, plant and equipment 5 61,772 98,452
61,772 98,452

Current assets
Inventories 19,530 30,000
Debtors 6 174,409 242,325
Cash at bank 43,974 45,532
237,913 317,857
Creditors
Amounts falling due within one year 7 (218,542 ) (317,111 )
Net current assets 19,371 746
Total assets less current liabilities 81,143 99,198

Creditors
Amounts falling due after more than one
year

8

(23,669

)

(38,591

)

Provisions for liabilities 10 (10,364 ) (14,883 )
Net assets 47,110 45,724

Capital and reserves
Called up share capital 11 10 10
Retained earnings 47,100 45,714
Shareholders' funds 47,110 45,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Allmarque PMS Ltd (Registered number: 06710018)

Statement of Financial Position - continued
30 September 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 September 2024 and were signed by:





M J Stanton - Director


Allmarque PMS Ltd (Registered number: 06710018)

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

1. Statutory information

Allmarque PMS 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class Amortisation method and rate
Goodwill Goodwill has been fully written off

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Allmarque PMS Ltd (Registered number: 06710018)

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

2. Accounting policies - continued
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
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.

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 12 (2022 - 15 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2022
and 30 September 2023 110,000
Amortisation
At 1 October 2022
and 30 September 2023 110,000
Net book value
At 30 September 2023 -
At 30 September 2022 -

Allmarque PMS Ltd (Registered number: 06710018)

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

5. Property, plant and equipment
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 October 2022 92,105 2,617 307,523 3,820 406,065
Additions 9,000 - 10,001 - 19,001
Disposals - - (79,433 ) - (79,433 )
At 30 September 2023 101,105 2,617 238,091 3,820 345,633
Depreciation
At 1 October 2022 86,575 938 217,230 2,870 307,613
Charge for year 3,034 252 15,043 147 18,476
Eliminated on disposal - - (42,228 ) - (42,228 )
At 30 September 2023 89,609 1,190 190,045 3,017 283,861
Net book value
At 30 September 2023 11,496 1,427 48,046 803 61,772
At 30 September 2022 5,530 1,679 90,293 950 98,452

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 October 2022
and 30 September 2023 33,138
Depreciation
At 1 October 2022 19,158
Charge for year 3,495
At 30 September 2023 22,653
Net book value
At 30 September 2023 10,485
At 30 September 2022 13,980

6. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 160,765 221,490
Tax - 5,509
Prepayments 13,644 15,326
174,409 242,325

Allmarque PMS Ltd (Registered number: 06710018)

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

7. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 11,666 10,000
Hire purchase contracts 4,923 4,658
Trade creditors 47,369 92,306
Tax 6,094 6,828
Social security and other taxes 4,439 9,868
Net wages - 5,584
Pension 397 2,706
VAT 13,432 19,109
Other creditors - 109
Directors' current accounts 127,472 161,643
Accrued expenses 2,750 4,300
218,542 317,111

8. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 6,667 16,667
Hire purchase contracts 7,002 11,924
23,669 38,591

9. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 11,925 16,582

The hire purchase agreement is secured on the assets to which it relates.

10. Provisions for liabilities
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 10,364 14,883

Deferred
tax
£   
Balance at 1 October 2022 14,883
Provided during year (4,519 )
Balance at 30 September 2023 10,364

11. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary £1 10 10