IRIS Accounts Production v24.2.0.383 06285062 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062850622023-01-31062850622024-01-31062850622023-02-012024-01-31062850622022-01-31062850622022-02-012023-01-31062850622023-01-3106285062ns15:EnglandWales2023-02-012024-01-3106285062ns14:PoundSterling2023-02-012024-01-3106285062ns10:Director12023-02-012024-01-3106285062ns10:CompanyLimitedByGuarantee2023-02-012024-01-3106285062ns10:SmallEntities2023-02-012024-01-3106285062ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106285062ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106285062ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106285062ns10:AbridgedAccounts2023-02-012024-01-3106285062ns10:Director22023-02-012024-01-3106285062ns10:Director42023-02-012024-01-3106285062ns10:Director52023-02-012024-01-3106285062ns10:Director62023-02-012024-01-3106285062ns10:Director72023-02-012024-01-3106285062ns10:Director82023-02-012024-01-3106285062ns10:Director92023-02-012024-01-3106285062ns10:CompanySecretary12023-02-012024-01-3106285062ns10:RegisteredOffice2023-02-012024-01-3106285062ns5:CurrentFinancialInstruments2024-01-3106285062ns5:CurrentFinancialInstruments2023-01-3106285062ns5:Non-currentFinancialInstruments2024-01-3106285062ns5:Non-currentFinancialInstruments2023-01-3106285062ns5:RetainedEarningsAccumulatedLosses2024-01-3106285062ns5:RetainedEarningsAccumulatedLosses2023-01-3106285062ns5:LandBuildings2023-02-012024-01-3106285062ns5:PlantMachinery2023-02-012024-01-3106285062ns5:Secured2024-01-3106285062ns5:Secured2023-01-31
REGISTERED NUMBER: 06285062 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2024

for

PMR Direct Ltd

PMR Direct Ltd (Registered number: 06285062)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PMR Direct Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: W N James
J R Phillips
A Page
I G James
S J Richards
M W Plumb
M Ferraro
A Bevan





SECRETARY:





REGISTERED OFFICE: 12 Goat Street
Haverfordwest
SA61 1PX





REGISTERED NUMBER: 06285062 (England and Wales)

PMR Direct Ltd (Registered number: 06285062)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,930 134,487

CURRENT ASSETS
Debtors 375,044 190,737
Cash at bank 102,082 88,807
477,126 279,544
CREDITORS
Amounts falling due within one year 423,026 209,331
NET CURRENT ASSETS 54,100 70,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

185,030

204,700

CREDITORS
Amounts falling due after more than one year 5 (66,170 ) (93,893 )

PROVISIONS FOR LIABILITIES (5,439 ) (4,990 )
NET ASSETS 113,421 105,817

RESERVES
Income and expenditure account 113,421 105,817
113,421 105,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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 surplus or deficit 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.

PMR Direct Ltd (Registered number: 06285062)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





J R Phillips - Director


PMR Direct Ltd (Registered number: 06285062)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

PMR Direct Ltd is a private company, limited by guarantee , 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 20% straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

PMR Direct Ltd (Registered number: 06285062)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 206,680
Additions 1,397
At 31 January 2024 208,077
DEPRECIATION
At 1 February 2023 72,193
Charge for year 4,954
At 31 January 2024 77,147
NET BOOK VALUE
At 31 January 2024 130,930
At 31 January 2023 134,487

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.1.24 31.1.23
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 37,988 60,796

6. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 75,176 102,899

The bank has a fixed charge over the freehold property and any other plant and machinery. It has a floating charge over all moveable plant and machinery.

7. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Pembrokeshire Machinery Ring Limited, a company incorporated in England and Wales.