Registered Number:05134733 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
PCM Construction Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
PCM Construction Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
80,312
65,159
2
500,209
560,833
3
641,145
565,368
1,853
1,000
4
Trade and other receivables |
88,885
113,106
5
158,213
Cash and cash equivalents |
375,122
489,228
248,951
Trade and other payables: amounts falling due within one |
year |
(35,800)
(107,296)
6
213,151
381,932
Net current assets
Total assets less current liabilities |
1,023,077
778,519
(29,319)
(29,319)
Provisions for liabilities |
993,758
Net assets
749,200
1,000
1,000
194,582
134,496
798,176
613,704
993,758
749,200
Shareholders' funds
For the year ended 31 May 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 17 November 2024 and were signed by: |
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For the year ended 31 May 2024
PCM Construction Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 May 2024
PCM Construction Ltd
Notes to the Financial Statements
Statutory Information
PCM Construction Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 05134733. |
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Intangible assets
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
The company''s freehold properties were professionally valued in 0. This valuation has been reduced by subsequent |
depreciation. Under the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective |
January 2015) the properties continue to be stated at that valuation less accumulated depreciation to date and that |
valuation has not been updated. |
The company''s freehold properties are revalued in full every five years. Interim valuations are carried out when it is |
likely that there has been a material change in value. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 May 2024
PCM Construction Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
192,261
7,509
155,643
29,109
43,383
-
40,706
2,677
-
(38,786)
-
(38,786)
31,786
157,563
7,509
196,858
Provision for depreciation and impairment |
127,102
7,137
93,814
26,151
Charge for year
26,771
93
25,269
1,409
(37,327)
-
(37,327)
-
116,546
7,230
81,756
27,560
4,226
75,807
279
80,312
2,958
61,829
372
65,159
3. Investments held as fixed assets |
500,209
500,209
538
538
60,086
60,086
560,833
560,833
560,833
560,833
500,209
500,209
2023
2024
1,000
1,853
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For the year ended 31 May 2024
PCM Construction Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2023
2024
100,000
69,000
13,106
19,885
88,885
113,106
6. Trade and other payables: amounts falling due within one year |
2023
2024
10,747
11,180
Taxation and social security |
75,590
14,860
20,959
9,760
107,296
35,800
7. Average number of persons employed |
During the year the average number of employees was 4 (2023 : 4)
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