PMK Construction Management Services Ltd 14253568 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is Management Consultants Digita Accounts Production Advanced 6.30.9574.0 true 14253568 2023-08-01 2024-07-31 14253568 2024-07-31 14253568 bus:Director1 1 2024-07-31 14253568 core:RetainedEarningsAccumulatedLosses 2024-07-31 14253568 core:ShareCapital 2024-07-31 14253568 core:CurrentFinancialInstruments 2024-07-31 14253568 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14253568 core:FurnitureFittingsToolsEquipment 2024-07-31 14253568 bus:SmallEntities 2023-08-01 2024-07-31 14253568 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 14253568 bus:FilletedAccounts 2023-08-01 2024-07-31 14253568 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 14253568 bus:RegisteredOffice 2023-08-01 2024-07-31 14253568 bus:Director1 2023-08-01 2024-07-31 14253568 bus:Director1 1 2023-08-01 2024-07-31 14253568 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 14253568 core:FurnitureFittings 2023-08-01 2024-07-31 14253568 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 14253568 core:OfficeEquipment 2023-08-01 2024-07-31 14253568 countries:AllCountries 2023-08-01 2024-07-31 14253568 bus:Director1 1 2023-07-31 14253568 2022-07-25 2023-07-31 14253568 2023-07-31 14253568 core:RetainedEarningsAccumulatedLosses 2023-07-31 14253568 core:ShareCapital 2023-07-31 14253568 core:CurrentFinancialInstruments 2023-07-31 14253568 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 14253568

PMK Construction Management Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

PMK Construction Management Services Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

PMK Construction Management Services Ltd

Company Information

Director

P E Warnecke

Registered office

16 Oxland Drive
Hull
HU8 9EX

 

PMK Construction Management Services Ltd

(Registration number: 14253568)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

331

-

Current assets

 

Debtors

5

67,307

48,748

Cash at bank and in hand

 

345

43

 

67,652

48,791

Creditors: Amounts falling due within one year

6

(23,362)

(11,470)

Net current assets

 

44,290

37,321

Net assets

 

44,621

37,321

Capital and reserves

 

Called up share capital

1

1

Retained earnings

44,620

37,320

Shareholders' funds

 

44,621

37,321

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

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 April 2025
 

.........................................
P E Warnecke
Director

 

PMK Construction Management Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 14253568.

The address of its registered office is:
16 Oxland Drive
Hull
HU8 9EX
England

These financial statements were authorised for issue by the director on 1 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover arises from the provision of services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of construction management services in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the provision of services is recognised when the service is performed.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Tax

Taxation for the period comprises current and deferred tax. 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or subsequently enacted by the reporting date in the countries where the company operates and generates taxable income.

 

PMK Construction Management Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measure using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% on cost

Fixtures and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the provision of services in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

PMK Construction Management Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

431

431

At 31 July 2024

431

431

Depreciation

Charge for the year

100

100

At 31 July 2024

100

100

Carrying amount

At 31 July 2024

331

331

5

Debtors

2024
£

2023
£

Trade debtors

4,928

-

Other debtors

62,379

48,748

67,307

48,748

 

PMK Construction Management Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

178

-

Taxation and social security

20,864

9,646

Accruals and deferred income

2,230

1,824

Other creditors

90

-

23,362

11,470

7

Related party transactions

Transactions with the Director

2024

At 1 August 2023
£

Advances to Director
£

Repayments by Director
£

At 31 July 2024
£

P E Warnecke

Unsecured, interest free, repayable on demand

38,326

59,596

(60,761)

37,161

Other transactions with the Director

At the year end, the director owed the company £37,161 (2023: £38,326). This amount is unsecured, interest free and repayable on demand.