Silverfin false false 31/05/2024 01/06/2023 31/05/2024 David Owen Ward 01/05/2018 13 January 2025 The principal activity of the Company during the financial year was technology consultancy. 11339951 2024-05-31 11339951 bus:Director1 2024-05-31 11339951 core:CurrentFinancialInstruments 2024-05-31 11339951 core:CurrentFinancialInstruments 2023-05-31 11339951 2023-05-31 11339951 core:ShareCapital 2024-05-31 11339951 core:ShareCapital 2023-05-31 11339951 core:RetainedEarningsAccumulatedLosses 2024-05-31 11339951 core:RetainedEarningsAccumulatedLosses 2023-05-31 11339951 2023-06-01 2024-05-31 11339951 bus:FilletedAccounts 2023-06-01 2024-05-31 11339951 bus:SmallEntities 2023-06-01 2024-05-31 11339951 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11339951 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11339951 bus:Director1 2023-06-01 2024-05-31 11339951 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 11339951 (England and Wales)

PFMR LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

PFMR LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

PFMR LIMITED

BALANCE SHEET

As at 31 May 2024
PFMR LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Current assets
Debtors 3 697 2,566
Cash at bank and in hand 878 460
1,575 3,026
Creditors: amounts falling due within one year 4 ( 3,962) ( 2,344)
Net current (liabilities)/assets (2,387) 682
Total assets less current liabilities (2,387) 682
Net (liabilities)/assets ( 2,387) 682
Capital and reserves
Called-up share capital 10 10
Profit and loss account ( 2,397 ) 672
Total shareholder's (deficit)/funds ( 2,387) 682

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of PFMR Limited (registered number: 11339951) were approved and authorised for issue by the Director on 13 January 2025. They were signed on its behalf by:

David Owen Ward
Director
PFMR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
PFMR LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PFMR Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House,, 2-8 Parkstone Road,, Poole,, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Trade debtors 697 1,598
Corporation tax 0 825
Other debtors 0 143
697 2,566

4. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 75 37
Taxation and social security 612 0
Other creditors 3,275 2,307
3,962 2,344