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Registered number: 12472238
PMA Thanet Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
MK Accountancy
160 Margate Road
Ramsgate
CT12 6AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12472238
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,282 14,450
12,282 14,450
CURRENT ASSETS
Cash at bank and in hand 27 47
27 47
Creditors: Amounts Falling Due Within One Year 5 (1,829 ) (1,974 )
NET CURRENT ASSETS (LIABILITIES) (1,802 ) (1,927 )
TOTAL ASSETS LESS CURRENT LIABILITIES 10,480 12,523
Creditors: Amounts Falling Due After More Than One Year 6 (9,335 ) (10,672 )
NET ASSETS 1,145 1,851
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 1,144 1,850
SHAREHOLDERS' FUNDS 1,145 1,851
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Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Matthew Milchard
Director
04/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
PMA Thanet Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12472238 . The registered office is Under 1 Roof Kids Thanet Ltd, Pysons Road, Ramsgate, Kent, CT12 6RL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15%
2.4. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 20,000
As at 28 February 2024 20,000
Depreciation
As at 1 March 2023 5,550
Provided during the period 2,168
As at 28 February 2024 7,718
Net Book Value
As at 28 February 2024 12,282
As at 1 March 2023 14,450
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 828 396
Director's loan account 1,001 1,578
1,829 1,974
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Government grants after one year 9,335 10,672
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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