Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 OC356751 Mrs S McConville Mr P McConville iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure OC356751 2023-03-31 OC356751 2024-03-31 OC356751 2023-04-01 2024-03-31 OC356751 frs-core:CurrentFinancialInstruments 2024-03-31 OC356751 frs-core:Non-currentFinancialInstruments 2024-03-31 OC356751 frs-core:BetweenOneFiveYears 2024-03-31 OC356751 frs-core:MotorVehicles 2024-03-31 OC356751 frs-core:MotorVehicles 2023-04-01 2024-03-31 OC356751 frs-core:MotorVehicles 2023-03-31 OC356751 frs-core:WithinOneYear 2024-03-31 OC356751 frs-bus:LimitedLiabilityPartnershipLLP 2023-04-01 2024-03-31 OC356751 frs-bus:LimitedLiabilityPartnershipsSORP 2023-04-01 2024-03-31 OC356751 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 OC356751 frs-bus:SmallEntities 2023-04-01 2024-03-31 OC356751 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 OC356751 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 OC356751 frs-countries:EnglandWales 2023-04-01 2024-03-31 OC356751 frs-bus:PartnerLLP1 2023-04-01 2024-03-31 OC356751 frs-bus:PartnerLLP2 2023-04-01 2024-03-31 OC356751 2022-03-31 OC356751 2023-03-31 OC356751 2022-04-01 2023-03-31 OC356751 frs-core:CurrentFinancialInstruments 2023-03-31 OC356751 frs-core:Non-currentFinancialInstruments 2023-03-31 OC356751 frs-core:BetweenOneFiveYears 2023-03-31 OC356751 frs-core:WithinOneYear 2023-03-31
Registered number: OC356751
PMC Lead Logistics LLP
Financial Statements
For The Year Ended 31 March 2024
Accounts Unlocked Limited
Office 43, The Cobalt Building
1600 Eureka Park, Lower Pemberton
Ashford
Kent
TN25 4BF
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: OC356751
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,833 48,600
22,833 48,600
CURRENT ASSETS
Debtors 5 47,299 50,908
Cash at bank and in hand 5,605 2,267
52,904 53,175
Creditors: Amounts Falling Due Within One Year 6 (238,229 ) (100,170 )
NET CURRENT ASSETS (LIABILITIES) (185,325 ) (46,995 )
TOTAL ASSETS LESS CURRENT LIABILITIES (162,492 ) 1,605
Creditors: Amounts Falling Due After More Than One Year 7 (9,469 ) (32,111 )
NET LIABILITIES ATTRIBUTABLE TO MEMBERS (171,961 ) (30,506 )
REPRESENTED BY:
Loans and other debts due to members
Members' capital classified as a liability (171,961) (30,506)
(171,961) (30,506)
(171,961) (30,506)
TOTAL MEMBERS' INTEREST
Loans and other debts due to members (171,961) (30,506)
(171,961) (30,506)
Page 1
Page 2
For the year ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 applicable to LLPs subject to the small LLPs regime.)
The members acknowledge their responsibilities for complying with the requirements of the Act (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.
The LLP has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the LLP's Income Statement.
On behalf of the members
Mr P McConville
Designated Member
7 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PMC Lead Logistics LLP is a limited liability partnership, incorporated in England & Wales, registered number OC356751 . The Registered Office is Office 43, The Cobalt Building, 1600 Eureka Park, Lower Pemberton, Ashford, TN25 4BF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 for small limited liability partnerships regime - The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), The Statement of Recommended Practice 'Accounting by Limited Liability Partnerships' issued in December 2021 (SORP) and the Companies Act 2006 (as applied to LLPs).
The financial statements are prepared in sterling which is the functional currency of the LLP.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Motor Vehicles 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the LLP. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
3. Average Number of Employees
Average number of employees, including members with contracts of employment, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 April 2023 128,834
As at 31 March 2024 128,834
Depreciation
As at 1 April 2023 80,234
Provided during the period 25,767
As at 31 March 2024 106,001
Net Book Value
As at 31 March 2024 22,833
As at 1 April 2023 48,600
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 37,797 41,879
Other debtors 9,502 9,029
47,299 50,908
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,675 21,245
Trade creditors 15,363 7,212
Bank loans and overdrafts 10,929 10,929
Other creditors 174,857 40,899
Taxation and social security 24,405 19,885
238,229 100,170
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,294 13,256
Bank loans 8,175 18,855
9,469 32,111
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,675 21,245
Later than one year and not later than five years 1,294 13,256
13,969 34,501
13,969 34,501
9. Related Party Transactions
At 31 March 2024, the company owed £141,983 (2023 - (£3,207) ) to PMC International Logistics Ltd in which Mr P McConville, a member, has a significant interest. 
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