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REGISTERED NUMBER: 10700305 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PMBINES CONSULTING LIMITED

PMBINES CONSULTING LIMITED (REGISTERED NUMBER: 10700305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PMBINES CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P M Bines
Mrs P Bines





REGISTERED OFFICE: 34 Fore Street
Bradninch
Exeter
Devon
EX5 4NN





REGISTERED NUMBER: 10700305 (England and Wales)





ACCOUNTANTS: Merlin Accountancy Services Ltd
2nd Floor
33 Longbrook Street
Exeter
Devon
EX4 6AW

PMBINES CONSULTING LIMITED (REGISTERED NUMBER: 10700305)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,025 900

CURRENT ASSETS
Debtors 5 14,431 14,895
Cash at bank 2,952 23,291
17,383 38,186
CREDITORS
Amounts falling due within one year 6 692 16,203
NET CURRENT ASSETS 16,691 21,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,716

22,883

PROVISIONS FOR LIABILITIES 7 385 171
NET ASSETS 18,331 22,712

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 18,321 22,702
10 18,331 22,712

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

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

PMBINES CONSULTING LIMITED (REGISTERED NUMBER: 10700305)

BALANCE SHEET - continued
31 MARCH 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 30 October 2024 and were signed on its behalf by:




P M Bines - Director



Mrs P Bines - Director


PMBINES CONSULTING LIMITED (REGISTERED NUMBER: 10700305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

PMBines Consulting 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.
Computer equipment - 25% on reducing balance

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.

PMBINES CONSULTING LIMITED (REGISTERED NUMBER: 10700305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 1,200
Additions 1,800
At 31 March 2024 3,000
DEPRECIATION
At 1 April 2023 300
Charge for year 675
At 31 March 2024 975
NET BOOK VALUE
At 31 March 2024 2,025
At 31 March 2023 900

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 3,750 14,310
Other debtors 10,681 585
14,431 14,895

PMBINES CONSULTING LIMITED (REGISTERED NUMBER: 10700305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 174 9,920
Other creditors 518 6,283
692 16,203

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 385 171

Deferred
tax
£   
Balance at 1 April 2023 171
Charge to Income Statement during year 214
Balance at 31 March 2024 385

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2023 - £14,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is not known.

10. RECONCILIATION OF MOVEMENTS IN RESERVES
2024 2023
£    £   
(Loss)/profit for the financial year (2,381 ) 15,417
Dividends (2,000 ) (14,000 )
Net (reduction)/addition to reserves (4,381 ) 1,417
Opening reserves 22,712 21,295
Closing reserves 18,331 22,712