Registered number
07686037
PMA BUILDERS LTD
Report and Accounts
30 June 2024
PMA BUILDERS LTD
Report and accounts
Contents
Page
Director's report 1
Accountants' report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5
PMA BUILDERS LTD
Registered number: 07686037
Director's Report
The director presents his report and accounts for the year ended 30 June 2024.
Principal activities
The company's principal activity during the year continued to be providing building works.
Directors
The following persons served as directors during the year:
Piotr Mianowany
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 18 February 2025 and signed on its behalf.
Piotr Mianowany
Director
PMA BUILDERS LTD
Accountants' Report
Accountants' report to the director of
PMA BUILDERS LTD
You consider that the company is exempt from an audit for the year ended 30 June 2024. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Omega Business Advice Services Ltd
Accountants
5 Haven Lane
London
W5 2HZ
18 February 2025
PMA BUILDERS LTD
Profit and Loss Account
for the year ended 30 June 2024
2024 2023
£ £
Turnover 1,715,245 1,848,700
Cost of sales (1,435,608) (1,184,066)
Gross profit 279,637 664,634
Administrative expenses (73,593) (175,214)
Other operating income 5 2
Operating profit 206,049 489,422
Profit/(loss) on the disposal of investments 70,574 (41,711)
Interest receivable 12,084 8,634
Interest payable (108) (46)
Profit before taxation 288,599 456,299
Tax on profit (63,208) (104,558)
Profit for the financial year 225,391 351,741
PMA BUILDERS LTD
Registered number: 07686037
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,968 10,717
Current assets
Debtors 4 220,586 7,280
Investments held as current assets 5 2,094,109 2,180,427
Cash at bank and in hand 24,189 5,724
2,338,884 2,193,431
Creditors: amounts falling due within one year 6 (248,495) (233,182)
Net current assets 2,090,389 1,960,249
Net assets 2,096,357 1,970,966
Capital and reserves
Called up share capital 10 10
Profit and loss account 2,096,347 1,970,956
Shareholders' funds 2,096,357 1,970,966
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Piotr Mianowany
Director
Approved by the board on 18 February 2025
PMA BUILDERS LTD
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 67,004
Additions 3,361
At 30 June 2024 70,365
Depreciation
At 1 July 2023 56,287
Charge for the year 8,110
At 30 June 2024 64,397
Net book value
At 30 June 2024 5,968
At 30 June 2023 10,717
4 Debtors 2024 2023
£ £
Trade debtors 216,654 7,280
Other debtors 3,932 -
220,586 7,280
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 1,675,165 1,199,245
Unlisted investments 418,944 981,182
2,094,109 2,180,427
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 62,760 45,575
Taxation and social security costs 184,650 186,729
Other creditors 1,085 878
248,495 233,182
7 Other information
PMA BUILDERS LTD is a private company limited by shares and incorporated in England. Its registered office is:
51 Shadwell Drive
London
UB5 6DD
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