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REGISTERED NUMBER: 05598901 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 December 2023

for

PMG Architecture Limited

PMG Architecture Limited (Registered number: 05598901)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PMG Architecture Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Gallie
Mrs J L Gallie





REGISTERED OFFICE: 31 Condor Way
Basingstoke
Hampshire
RG24 9YA





REGISTERED NUMBER: 05598901 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

PMG Architecture Limited (Registered number: 05598901)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,441 38,621

CURRENT ASSETS
Debtors 5 8,599 80,022
Cash at bank 89,678 89,197
98,277 169,219
CREDITORS
Amounts falling due within one year 6 54,399 68,547
NET CURRENT ASSETS 43,878 100,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,319

139,293

CREDITORS
Amounts falling due after more than one
year

7

(18,210

)

(20,330

)

PROVISIONS FOR LIABILITIES 10 (5,024 ) (7,338 )
NET ASSETS 47,085 111,625

CAPITAL AND RESERVES
Called up share capital 11 1,002 1,002
Retained earnings 46,083 110,623
SHAREHOLDERS' FUNDS 47,085 111,625

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

PMG Architecture Limited (Registered number: 05598901)

Balance Sheet - continued
31 December 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 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:





P Gallie - Director


PMG Architecture Limited (Registered number: 05598901)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

PMG Architecture 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
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.

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.


PMG Architecture Limited (Registered number: 05598901)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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
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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 2,073 274 32,450 10,558 45,355
DEPRECIATION
At 1 January 2023 794 210 - 5,730 6,734
Charge for year 519 64 8,113 3,484 12,180
At 31 December 2023 1,313 274 8,113 9,214 18,914
NET BOOK VALUE
At 31 December 2023 760 - 24,337 1,344 26,441
At 31 December 2022 1,279 64 32,450 4,828 38,621

PMG Architecture Limited (Registered number: 05598901)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 6,004 75,022
Other debtors 2,595 5,000
8,599 80,022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 8) 2,120 2,120
Trade creditors - 334
Taxation and social security 20,737 37,501
Other creditors 31,542 28,592
54,399 68,547

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Hire purchase contracts (see note 8) 18,210 20,330

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 2,120 2,120
Between one and five years 18,210 20,330
20,330 22,450

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 6,091 6,091
Between one and five years 6,091 12,183
12,182 18,274

PMG Architecture Limited (Registered number: 05598901)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 20,330 22,450

The hire purchase agreement is secured against the asset to which it relates.

10. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 5,024 7,338

Deferred
tax
£   
Balance at 1 January 2023 7,338
Accelerated capital allowances (2,314 )
Balance at 31 December 2023 5,024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1,000 Ordinary £1 1,000 1,000
1,002 1,002