PMD VENTURES LIMITED
REGISTERED NUMBER: 05128158
BALANCE SHEET
AS AT 28 FEBRUARY 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Notes
PMD Ventures Limited is a private company, limited by shares, registered in England and Wales. The registered office of the company is First Floor, Radius House, 51 Clarendon Road, Watford, WD17 1HP.
Average number of employees
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The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................
I Alan
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PMD VENTURES LIMITED
REGISTERED NUMBER: 05128158
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025
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Judgments in applying accounting policies and key sources of estimation uncertainty
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During the year ended 28 February 2025, PMD Ventures Limited changed its depreciation policy for motor vehicles to include a residual value for certain assets. The residual value was determined based on the open market value, reflecting the commercial treatment of these vehicles. This change better aligns with the entity’s consumption pattern of the motor vehicles over their useful lives and its vehicle replacement cycle.
The change is considered a change in accounting estimate and has been applied prospectively, affecting the current and future periods.
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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