2023-06-01 05134733 2024-05-31 05134733 2023-06-01 2024-05-31 05134733 2023-05-31 05134733 2022-06-01 2023-05-31 05134733 uk-core:WithinOneYear 2023-05-31 05134733 uk-core:WithinOneYear 2024-05-31 05134733 uk-core:ShareCapital 2024-05-31 05134733 uk-core:ShareCapital 2023-05-31 05134733 uk-core:InvestmentPropertiesRevaluationReserve 2024-05-31 05134733 uk-core:InvestmentPropertiesRevaluationReserve 2023-05-31 05134733 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 05134733 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 05134733 uk-bus:Director1 2023-06-01 2024-05-31 05134733 uk-bus:Director2 2023-06-01 2024-05-31 05134733 uk-core:PlantMachinery 2023-06-01 2024-05-31 05134733 uk-core:ToolsEquipment 2023-06-01 2024-05-31 05134733 uk-core:CommercialMotorVehicles 2023-06-01 2024-05-31 05134733 uk-core:ToolsEquipment 2023-05-31 05134733 uk-core:CommercialMotorVehicles 2023-05-31 05134733 uk-core:PlantMachinery 2023-05-31 05134733 uk-core:PlantMachinery 2024-05-31 05134733 uk-core:CommercialMotorVehicles 2024-05-31 05134733 uk-core:ToolsEquipment 2024-05-31 05134733 uk-core:CostValuation 2023-05-31 05134733 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-05-31 05134733 uk-core:AdditionsToInvestments 2024-05-31 05134733 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-05-31 05134733 uk-core:RevaluationsIncreaseDecreaseInInvestments 2024-05-31 05134733 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2024-05-31 05134733 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-05-31 05134733 uk-core:CostValuation 2024-05-31 05134733 uk-core:Non-currentFinancialInstruments 2024-05-31 05134733 uk-core:Non-currentFinancialInstruments 2023-05-31 iso4217:GBP xbrli:pure 05134733 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05134733 uk-bus:FRS102 2023-06-01 2024-05-31 05134733 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 05134733 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
PCM Construction Ltd
Registered Number:05134733
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
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
3
Registered Number :
05134733
As at 31 May 2024
PCM Construction Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
80,312
65,159
2
Financial assets
500,209
560,833
3
641,145
565,368
Current assets
Inventories
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
Capital and reserves
Called up share capital
1,000
1,000
Fair value reserve
194,582
134,496
Retained earnings
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.
C McManamon Director
P McManamon Director
These financial statements were approved and authorised for issue by the Board on 17 November 2024 and were signed by:
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4
Registered Number :
05134733
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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5
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.
Registered address:
8 Peterborough Road
Harrow
Middlesex
HA1 2BQ
The presentation currency is £ sterling.
1. Accounting policies
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
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
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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6
For the year ended 31 May 2024
PCM Construction Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 June 2023
192,261
7,509
155,643
29,109
43,383
-
40,706
2,677
Additions
-
(38,786)
-
Disposals
(38,786)
At 31 May 2024
31,786
157,563
7,509
196,858
Provision for depreciation and impairment
At 01 June 2023
127,102
7,137
93,814
26,151
Charge for year
26,771
93
25,269
1,409
(37,327)
-
(37,327)
-
On disposal
At 31 May 2024
116,546
7,230
81,756
27,560
At 31 May 2024
Net book value
4,226
75,807
279
80,312
At 31 May 2023
2,958
61,829
372
65,159
3. Investments held as fixed assets
Other investments
Total
At 01 June 2023
500,209
500,209
Cost
£
£
538
538
Additions
60,086
60,086
Revaluations
At 31 May 2024
560,833
560,833
At 31 May 2024
Net book value
560,833
560,833
At 01 June 2023
500,209
500,209
4. Inventories
2023
2024
£
£
Stocks
1,000
1,853
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7
For the year ended 31 May 2024
PCM Construction Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
100,000
69,000
Other debtors
13,106
19,885
88,885
113,106
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
10,747
11,180
Taxation and social security
75,590
14,860
Other creditors
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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