Caseware UK (AP4) 2024.0.164 2024.0.164 2025-02-282025-02-28falsefalsefalse2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-03-012No description of principal activity 05128158 2024-03-01 2025-02-28 05128158 2023-03-01 2024-02-29 05128158 2025-02-28 05128158 2024-02-29 05128158 c:Director1 2024-03-01 2025-02-28 05128158 d:CurrentFinancialInstruments 2025-02-28 05128158 d:CurrentFinancialInstruments 2024-02-29 05128158 d:Non-currentFinancialInstruments 2025-02-28 05128158 d:Non-currentFinancialInstruments 2024-02-29 05128158 c:AuditExempt-NoAccountantsReport 2024-03-01 2025-02-28 05128158 c:FullAccounts 2024-03-01 2025-02-28 05128158 c:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 05128158 c:Micro-entities 2024-03-01 2025-02-28 05128158 e:PoundSterling 2024-03-01 2025-02-28 iso4217:GBP xbrli:pure

Registered number: 05128158









PMD VENTURES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

 
PMD VENTURES LIMITED
REGISTERED NUMBER: 05128158

BALANCE SHEET
AS AT 28 FEBRUARY 2025

28 February
29 February
2025
2024
£
£


Fixed assets
170,838
122,289

Current assets
293,523
404,940

Creditors: amounts falling due within one year
(655,578)
(1,140,208)

Net current liabilities
 
 
(362,055)
 
 
(735,268)

Total assets less current liabilities
(191,217)
(612,979)

Creditors: amounts falling due after more than one year
(104,240)
(345,369)


Net liabilities
(295,457)
(958,348)



Capital and reserves
(295,457)
(958,348)


Notes


General information

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

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
Page 1

 
PMD VENTURES LIMITED
REGISTERED NUMBER: 05128158
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025

Director
Date: 11 April 2025


1.


Judgments in applying accounting policies and key sources of estimation uncertainty

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.


2.


Debtors

28 February
29 February
2025
2024
£
£


Other debtors
34,528
146,803

34,528
146,803



3.


Creditors: Amounts falling due within one year

28 February
29 February
2025
2024
£
£

Corporation tax
8,699
121,622

Other taxation and social security
676
-

Obligations under finance lease and hire purchase contracts
-
21,176

Other creditors
643,503
994,710

Accruals and deferred income
2,700
2,700

655,578
1,140,208


 
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