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Registered number: 07546479
PMCA Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Paul Monaghan Chartered Accountant
ICAEW
18 Hartshill Close
Uxbridge
Middlesex
UB10 9LH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07546479
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 544 820
544 820
CURRENT ASSETS
Stocks 6 9,068 5,486
Debtors 7 8,943 6,602
Cash at bank and in hand 185,368 135,000
203,379 147,088
Creditors: Amounts Falling Due Within One Year 8 (58,729 ) (32,521 )
NET CURRENT ASSETS (LIABILITIES) 144,650 114,567
TOTAL ASSETS LESS CURRENT LIABILITIES 145,194 115,387
NET ASSETS 145,194 115,387
CAPITAL AND RESERVES
Called up share capital 9 10,100 10,100
Profit and Loss Account 135,094 105,287
SHAREHOLDERS' FUNDS 145,194 115,387
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Paul Monaghan
Director
25 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PMCA Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07546479 . The registered office is 18 Hartshill Close, Uxbridge, Middlesex, UB10 9LH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
The turnover shown in the profit and loss account represents revenue earned during the period measured at the fair value of work done for clients, excluding VAT.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Intangible fixed assets, including Goodwill are stated at cost, less accumulated amortisation. Goodwill is only capitalised insofar as it is purchased goodwill; representing the difference between the fair value of the net assets acquired and the price paid for those net assets. Goodwill balances are amortised over a period of 5 years. The expected useful lives of intangible assets are reviewed annually by the Director.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 3 years
Fixtures & Fittings 3 years
Computer Equipment 3 years
2.5. Stocks and Work in Progress
Work in progress is valued at fair value and represents the recoverable value of recorded service completion at the year end which has not been invoiced to clients at the year end. As such, the value of Work in Progress includes a proportionate amount of the expected profit on the client work at completion.
2.6. Taxation
Income tax expense represents the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Practice staff 3 3
3 3
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Amortisation
As at 1 April 2023 10,000
As at 31 March 2024 10,000
Net Book Value
As at 31 March 2024 -
As at 1 April 2023 -
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 549 2,544 3,093
As at 31 March 2024 549 2,544 3,093
Depreciation
As at 1 April 2023 549 1,724 2,273
Provided during the period - 276 276
As at 31 March 2024 549 2,000 2,549
Net Book Value
As at 31 March 2024 - 544 544
As at 1 April 2023 - 820 820
6. Stocks
2024 2023
£ £
Work in progress 9,068 5,486
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,943 6,602
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 13,638 10,466
Other taxes and social security 736 1,067
VAT 7,827 6,935
Accruals and deferred income 3,999 3,999
Director's loan account 32,529 10,054
58,729 32,521
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,100 10,100
10. Directors Advances, Credits and Guarantees
Dividends paid to directors
2024 2023
£ £
Mr Paul Monaghan 21,800 37,400
11. Ultimate Controlling Party
The company's ultimate controlling party is Paul Monaghan by virtue of his ownership of 100% of the issued share capital in the company.
Page 5