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REGISTERED NUMBER: 14272629 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

PGM Technologies Services Limited

PGM Technologies Services Limited (Registered number: 14272629)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PGM Technologies Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: D P Fox
S Swift





REGISTERED OFFICE: Unit 5
Whitelea Grove Trading Estate
Mexborough
South Yorkshire
S64 9QP





REGISTERED NUMBER: 14272629 (England and Wales)





ACCOUNTANTS: APC Accountancy
Chartered Accountants
73 Gilkes Street
Middlesbrough
TS1 5EH

PGM Technologies Services Limited (Registered number: 14272629)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,760 -

CURRENT ASSETS
Debtors 5 50 1,163
Cash at bank 33,570 23,724
33,620 24,887
CREDITORS
Amounts falling due within one year 6 19,577 19,104
NET CURRENT ASSETS 14,043 5,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,803

5,783

PROVISIONS FOR LIABILITIES 916 -
NET ASSETS 19,887 5,783

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,787 5,683
19,887 5,783

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

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

PGM Technologies Services Limited (Registered number: 14272629)

Balance Sheet - continued
31 August 2024


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 8 October 2024 and were signed on its behalf by:




D P Fox - Director



S Swift - Director


PGM Technologies Services Limited (Registered number: 14272629)

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

1. STATUTORY INFORMATION

PGM Technologies Services 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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual
provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

PGM Technologies Services Limited (Registered number: 14272629)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 8,176
At 31 August 2024 8,176
DEPRECIATION
Charge for year 1,416
At 31 August 2024 1,416
NET BOOK VALUE
At 31 August 2024 6,760

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 50 1,163

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 4,733 12,800
Other creditors 14,844 6,304
19,577 19,104

7. RELATED PARTY DISCLOSURES

As at 31 August 2024, the company owed its directors £5,844 (2023: £4,304).

8. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.