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REGISTERED NUMBER: 05527214 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PMT DIGITAL LTD

PMT DIGITAL LTD (REGISTERED NUMBER: 05527214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PMT DIGITAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P Foley
D N T Ingram
Mrs C L Foley





REGISTERED OFFICE: 9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR





REGISTERED NUMBER: 05527214 (England and Wales)





ACCOUNTANTS: GreenStones Limited
9 Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR

PMT DIGITAL LTD (REGISTERED NUMBER: 05527214)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183,965 193,886

CURRENT ASSETS
Stocks 5 63,936 67,067
Debtors 6 381,167 332,837
Cash at bank and in hand 257,331 198,517
702,434 598,421
CREDITORS
Amounts falling due within one
year

7

293,507

263,400
NET CURRENT ASSETS 408,927 335,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,892

528,907

CREDITORS
Amounts falling due after more
than one year

8

(28,067

)

(69,751

)

PROVISIONS FOR LIABILITIES (35,137 ) (33,776 )
NET ASSETS 529,688 425,380

CAPITAL AND RESERVES
Called up share capital 125 125
Share buy back 10 (101,250 ) (101,250 )
Capital redemption reserve 100 100
Retained earnings 630,713 526,405
SHAREHOLDERS' FUNDS 529,688 425,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PMT DIGITAL LTD (REGISTERED NUMBER: 05527214)

BALANCE SHEET - continued
30 SEPTEMBER 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 15 January 2025 and were signed on its behalf by:





P Foley - Director


PMT DIGITAL LTD (REGISTERED NUMBER: 05527214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

PMT Digital Ltd 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.

Turnover represents the net value, excluding value added tax, of goods and services supplied to customers during the accounting period.

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 - 20% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


PMT DIGITAL LTD (REGISTERED NUMBER: 05527214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 378,533 28,525 130,617 35,747 573,422
Additions 27,341 - 33,183 5,600 66,124
Disposals - - (27,610 ) - (27,610 )
At 30 September 2024 405,874 28,525 136,190 41,347 611,936
DEPRECIATION
At 1 October 2023 286,851 16,167 48,483 28,035 379,536
Charge for year 30,742 2,401 16,196 6,861 56,200
Eliminated on disposal - - (7,765 ) - (7,765 )
At 30 September 2024 317,593 18,568 56,914 34,896 427,971
NET BOOK VALUE
At 30 September 2024 88,281 9,957 79,276 6,451 183,965
At 30 September 2023 91,682 12,358 82,134 7,712 193,886

PMT DIGITAL LTD (REGISTERED NUMBER: 05527214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. STOCKS
2024 2023
£    £   
Stocks 32,336 34,067
Work-in-progress 31,600 33,000
63,936 67,067

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 348,826 299,140
Directors' loan accounts 15,841 18,847
Prepayments 16,500 14,850
381,167 332,837

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 41,684 44,988
Trade creditors 99,428 84,360
Tax 64,936 59,343
VAT 18,515 6,679
Other creditors 51,785 35,987
Pension 1,825 3,902
Directors' loan accounts 2,180 2,300
Accrued expenses 13,154 25,841
293,507 263,400

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Hire purchase contracts 28,067 69,751

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 69,751 114,739
Invoice discounting 51,785 35,987
121,536 150,726

PMT DIGITAL LTD (REGISTERED NUMBER: 05527214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. RESERVES
Share buy
back
£   
At 1 October 2023
and 30 September 2024 (101,250 )

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
P Foley and Mrs C L Foley
Balance outstanding at start of year 18,846 (10,343 )
Amounts advanced 104,102 115,430
Amounts repaid (107,107 ) (86,241 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,841 18,846

D N T Ingram
Balance outstanding at start of year (2,300 ) (2,300 )
Amounts advanced 2,570 2,450
Amounts repaid (2,450 ) (2,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,180 ) (2,300 )

The company is under control of the directors equally. During the year the directors have withdrawn funds from the company as detailed below. These loans are unsecured.

12. ULTIMATE CONTROLLING PARTY

The controlling party is P Foley.