BrightAccountsProduction v1.0.0 v1.0.0 2023-10-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is concrete flooring. 29 November 2024 5 5 NI071170 2024-09-30 NI071170 2023-09-30 NI071170 2022-09-30 NI071170 2023-10-01 2024-09-30 NI071170 2022-10-01 2023-09-30 NI071170 uk-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 NI071170 uk-curr:PoundSterling 2023-10-01 2024-09-30 NI071170 uk-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 NI071170 uk-bus:FullAccounts 2023-10-01 2024-09-30 NI071170 uk-core:ShareCapital 2024-09-30 NI071170 uk-core:ShareCapital 2023-09-30 NI071170 uk-core:RetainedEarningsAccumulatedLosses 2024-09-30 NI071170 uk-core:RetainedEarningsAccumulatedLosses 2023-09-30 NI071170 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-09-30 NI071170 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-09-30 NI071170 uk-bus:FRS102 2023-10-01 2024-09-30 NI071170 uk-core:PlantMachinery 2023-10-01 2024-09-30 NI071170 uk-core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 NI071170 uk-core:MotorVehicles 2023-10-01 2024-09-30 NI071170 uk-core:CurrentFinancialInstruments 2024-09-30 NI071170 uk-core:CurrentFinancialInstruments 2023-09-30 NI071170 uk-core:CurrentFinancialInstruments 2024-09-30 NI071170 uk-core:CurrentFinancialInstruments 2023-09-30 NI071170 uk-core:WithinOneYear 2024-09-30 NI071170 uk-core:WithinOneYear 2023-09-30 NI071170 uk-core:WithinOneYear 2024-09-30 NI071170 uk-core:WithinOneYear 2023-09-30 NI071170 uk-core:WithinOneYear 2024-09-30 NI071170 uk-core:WithinOneYear 2023-09-30 NI071170 uk-core:AfterOneYear 2024-09-30 NI071170 uk-core:AfterOneYear 2023-09-30 NI071170 uk-core:AfterOneYear 2024-09-30 NI071170 uk-core:AfterOneYear 2023-09-30 NI071170 uk-core:AfterOneYear 2024-09-30 NI071170 uk-core:AfterOneYear 2023-09-30 NI071170 uk-core:BetweenOneTwoYears 2024-09-30 NI071170 uk-core:BetweenOneTwoYears 2023-09-30 NI071170 uk-core:BetweenTwoFiveYears 2024-09-30 NI071170 uk-core:BetweenTwoFiveYears 2023-09-30 NI071170 uk-core:MoreThanFiveYears 2024-09-30 NI071170 uk-core:MoreThanFiveYears 2023-09-30 NI071170 uk-core:BetweenOneFiveYears 2024-09-30 NI071170 uk-core:BetweenOneFiveYears 2023-09-30 NI071170 uk-core:OtherMiscellaneousReserve 2023-09-30 NI071170 uk-core:OtherMiscellaneousReserve 2023-10-01 2024-09-30 NI071170 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-09-30 NI071170 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-09-30 NI071170 uk-core:OtherDeferredTax 2024-09-30 NI071170 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-09-30 NI071170 uk-core:OtherMiscellaneousReserve 2024-09-30 NI071170 2023-10-01 2024-09-30 NI071170 uk-bus:Director1 2023-10-01 2024-09-30 NI071170 uk-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI071170
 
 
PMC Concrete Flooring Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 September 2024
PMC Concrete Flooring Ltd
Company Registration Number: NI071170
BALANCE SHEET
as at 30 September 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 502,563 449,020
───────── ─────────
 
Current Assets
Stocks 5 - 6,255
Debtors 6 265,195 229,613
Cash and cash equivalents 20,552 22
───────── ─────────
285,747 235,890
───────── ─────────
Creditors: amounts falling due within one year 7 (217,201) (185,391)
───────── ─────────
Net Current Assets 68,546 50,499
───────── ─────────
Total Assets less Current Liabilities 571,109 499,519
 
Creditors:
amounts falling due after more than one year 8 (143,843) (180,749)
 
Provisions for liabilities 9 (112,659) (64,269)
───────── ─────────
Net Assets 314,607 254,501
═════════ ═════════
 
Equity
Called up share capital 1 1
Retained earnings 314,606 254,500
───────── ─────────
Shareholders' Funds 314,607 254,501
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges her responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 29 November 2024
           
           
________________________________          
Mrs. Imelda McCullagh          
Director          
           



PMC Concrete Flooring Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 September 2024

   
1. General Information
 
PMC Concrete Flooring Ltd is a company limited by shares incorporated in Northern Ireland. , Ireland is the registered office, which is also the principal place of business of the company. . The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 September 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 10% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Work in progress
Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 5, (2023 - 5).
 
  2024 2023
  Number Number
 
Average No of Employees 5 5
  ═════════ ═════════
           
4. Tangible assets
  Plant and Fixtures, Motor Total
  machinery fittings and vehicles  
    equipment    
  £ £ £ £
Cost
At 1 October 2023 473,028 5,160 199,850 678,038
Additions 74,381 166 70,215 144,762
Disposals (11,843) (148) (24,000) (35,991)
  ───────── ───────── ───────── ─────────
At 30 September 2024 535,566 5,178 246,065 786,809
  ───────── ───────── ───────── ─────────
Depreciation
At 1 October 2023 133,745 3,576 91,697 229,018
Charge for the financial year 42,907 350 32,602 75,859
On disposals (11,843) (148) (8,640) (20,631)
  ───────── ───────── ───────── ─────────
At 30 September 2024 164,809 3,778 115,659 284,246
  ───────── ───────── ───────── ─────────
Net book value
At 30 September 2024 370,757 1,400 130,406 502,563
  ═════════ ═════════ ═════════ ═════════
At 30 September 2023 339,283 1,584 108,153 449,020
  ═════════ ═════════ ═════════ ═════════
           
4.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2024   2023  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Plant and machinery 231,465 25,718 231,350 25,706
Motor vehicles 112,872 28,218 98,105 24,526
  ───────── ───────── ───────── ─────────
  344,337 53,936 329,455 50,232
  ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2024 2023
  £ £
 
Work in progress - 6,255
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 6,687 11,488
Amounts owed by group undertakings 234,159 159,654
Other debtors 7,716 45,552
Taxation 16,633 12,919
  ───────── ─────────
  265,195 229,613
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts - 142
Bank loan 5,486 5,555
Net obligations under finance leases
and hire purchase contracts 75,606 87,204
Trade creditors 107,297 79,399
Taxation 25,512 7,041
Other creditors (700) 2,050
Accruals 4,000 4,000
  ───────── ─────────
  217,201 185,391
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Bank loan 26,056 31,498
Other Loans 4,252 11,882
Finance leases and hire purchase contracts 108,784 136,651
Director's loan accounts 4,751 718
  ───────── ─────────
  143,843 180,749
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 5,486 5,697
Repayable between one and two years 9,626 29,412
Repayable between two and five years 15,614 13,968
Repayable in five years or more 5,068 -
  ───────── ─────────
  35,794 49,077
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 75,606 87,204
Repayable between one and five years 108,784 136,651
  ───────── ─────────
  184,390 223,855
  ═════════ ═════════
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total
  allowances    
       
  2024 2024 2023
  £ £ £
 
At financial year start 85,313 (21,044) 71,096
Charged to profit and loss 40,327 8,063 (6,827)
  ───────── ───────── ─────────
At financial year end 125,640 (12,981) 64,269
  ═════════ ═════════ ═════════
           
10. Related party transactions
The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.
 
The Director had an opening Directors Loan Account balance of £718. During the year PMC Concrete Flooring Ltd borrowed £39,697 and repaid £35,664 to the director, leaving a closing balance of £4,751 (2023: £718) which is included in the creditors section of the balance sheet.