Silverfin false false 31/12/2024 01/01/2024 31/12/2024 S P Dennett 18/09/2023 B J Moore 18/09/2023 H L Moore 18/09/2023 26 March 2025 The principal activity of the Company during the financial year was the sale, service and repair of recycling equipment. 15145168 2024-12-31 15145168 bus:Director1 2024-12-31 15145168 bus:Director2 2024-12-31 15145168 bus:Director3 2024-12-31 15145168 core:CurrentFinancialInstruments 2024-12-31 15145168 core:CurrentFinancialInstruments 2023-12-31 15145168 2023-12-31 15145168 core:ShareCapital 2024-12-31 15145168 core:ShareCapital 2023-12-31 15145168 core:RetainedEarningsAccumulatedLosses 2024-12-31 15145168 core:RetainedEarningsAccumulatedLosses 2023-12-31 15145168 2024-01-01 2024-12-31 15145168 bus:FilletedAccounts 2024-01-01 2024-12-31 15145168 bus:SmallEntities 2024-01-01 2024-12-31 15145168 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 15145168 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 15145168 bus:Director1 2024-01-01 2024-12-31 15145168 bus:Director2 2024-01-01 2024-12-31 15145168 bus:Director3 2024-01-01 2024-12-31 15145168 2023-09-18 2023-12-31 iso4217:GBP xbrli:pure

Company No: 15145168 (England and Wales)

PRM PROJECTS LIMITED

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

PRM PROJECTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

PRM PROJECTS LIMITED

BALANCE SHEET

As at 31 December 2024
PRM PROJECTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Current assets
Debtors 3 171,922 784,241
Cash at bank and in hand 255,087 120,000
427,009 904,241
Creditors: amounts falling due within one year 4 ( 175,212) ( 873,150)
Net current assets 251,797 31,091
Total assets less current liabilities 251,797 31,091
Net assets 251,797 31,091
Capital and reserves
Called-up share capital 1 1
Profit and loss account 251,796 31,090
Total shareholder's funds 251,797 31,091

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of PRM Projects Limited (registered number: 15145168) were approved and authorised for issue by the Board of Directors on 26 March 2025. They were signed on its behalf by:

H L Moore
Director
PRM PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
PRM PROJECTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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 period, unless otherwise stated.

General information and basis of accounting

PRM Projects 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 21 Knights Road Chelston Business Park, Wellington, TA21 9JH, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

Year ended
31.12.2024
Period from
18.09.2023 to
31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Debtors

31.12.2024 31.12.2023
£ £
Trade debtors 0 332,120
Amounts owed by Group undertakings 139,933 452,121
Other debtors 31,989 0
171,922 784,241

4. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Trade creditors 101,575 0
Taxation and social security 51,372 150,707
Other creditors 22,265 722,443
175,212 873,150

5. Ultimate controlling party

Parent Company:

PRM Waste Management Limited
21 Knights Road, Chelston Business Park, Wellington, Somerset, TA21 9 JH