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P M Flooring (Medway) Limited
 
 
Company Registration Number
05525260
 
 
Report of the Directors and
Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/08/2023
 
End date 31/07/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
P M Flooring (Medway) Limited
 
Contents of the Financial Statements
for the Period Ended 31 July 2024
 
 
Page
Company Information 3
 
Report of the Directors 4
 
Report of the Accountants 5
 
Profit and Loss Account 6
 
Balance Sheet 7 - 8
 
Notes to the Financial Statements 9 - 13
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
P M Flooring (Medway) Limited
Company Information
for the Period Ended 31 July 2024
 
Directors P G Martin
 
Company secretary B R Pusser
 
Registered office 24 Downsview
Chatham
Kent
ME5 0AP
 
Company Registration Number 05525260
 
Accountants Name B R Pusser & Co Ltd
Address 24 Downsview
Chatham
Kent
ME5 0AP
 
Bankers Name HSBC
Address Sun Pier
Medway Street
Chatham
Kent
ME4 4DN
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
P M Flooring (Medway) Limited
Directors Report
for the Period Ended 31 July 2024
The directors present their report with the financial statements of the company for the
period ended 31 July 2024
Principal activities
The principal activity of the company in the period under review was
floor laying
Directors
The director(s) shown below have held office during the whole of the period
P G Martin
Company policy on the employment of disabled persons
It is the companys policy to give employment to disabled persons wherever practicable.
Small Company Provisions
These accounts have been prepared in accordance with the provisions applicable to
companies subject to the small companies regime.
 
This report was approved by the board of directors on 2025-04-22
and signed on behalf of the board by
Name P G Martin
Status Director
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 4
P M Flooring (Medway) Limited
 
Accountants' Report
for the Period Ended 31 July 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 July 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 July 2024 as set out on pages 3 to 15 which comprise of Profit and Loss Account, the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
B R Pusser & Co Ltd
24 Downsview
Chatham
Kent
ME5 0AP
 
Date 2025-04-22
Page 5
P M Flooring (Medway) Limited
 
Profit and Loss Account
for the Period Ended 31 July 2024
2024 2,023
Notes £ £
 
Turnover 2 262,752 279,751
Cost of sales 167,158 200,533
______ ______
Gross Profit/(Loss) 95,594 79,218
 
Distribution costs 76,306 85,282
Administrative expenses 7,641 6,703
______ ______
Operating costs 83,947 91,985
 
______ ______
Operating Profit/(Loss) 3 11,647 (12,767)
______ ______
Profit/(Loss) on ordinary activities before taxation 11,647 (12,767)
 
_____ ______
Profit/(Loss) for the financial period after taxation 11,647 (12,767)
There were no recognised gains or losses other than the profit/(loss) shown attributable to the
shareholders for the period ended 31 July 2024
 
The notes form part of these financial statements
 
 
 
 
 
 
 
 
 
 
 
Page 6
P M Flooring (Medway) Limited
Balance Sheet
for the Period Ended 31 July 2024
Company registration number 05525260
2024 2,023
Notes £ £
Fixed assets
Tangible fixed assets 8 601 601
_______ _______
Total fixed assets 601 601
Current assets
Debtors 9 34,717 18,209
Cash at bank and in hand 11,987 30,857
_______ _______
Total current assets/(liabilities) 46,704 49,066
Creditors
Creditors - amounts falling
due within one year 10 51,877 57,378
_______ _______
Net current assets (5,173) (8,312)
_______ _______
Total assets less current liabilities (4,572) (7,711)
_______ _______
Creditors - amounts falling
due after more than one year 11 9,054 17,562
_______ _______
Long term creditors 9,054 17,562
______ ______
Net assets/(liabilities) (13,626) (25,273)
Capital and reserves
Called up share capital 13 1 1
Profit and loss account 14 (13,627) (25,274)
______ ______
Total shareholders funds (13,626) (25,273)
 
 
 
 
 
 
 
 
Page 7
P M Flooring (Medway) Limited
 
Balance Sheet
for the Period Ended 31 July 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
 
For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2025-04-22
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name P G Martin
 
The notes form part of these financial statements
Average number of employees during period 2
 
 
 
 
 
 
 
 
 
Page 8
P M Flooring (Medway) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Going Concern
The company has a deficit on shareholders' funds and relies upon the support of its shareholders and creditors,which has been confirmed for a period of at least twelve months from the approval of the financial statements.Accordingly the directors have prepared the financial statements on the going concern basis.
Turnover
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT.Long-term and ongoing contracts turnover represents the value of work done including estimates of amounts not yet invoiced and is recognised by reference to the stage of completion.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
P M Flooring (Medway) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
2. Turnover 2024 2,023
£ £
United Kingdom 262,752 271,126
Other 8,625
______ ______
Total 262,752 279,751
3. Operating profit/(loss) 2024 2,023
Profit before tax as stated after charging the following £ £
Accountants and audit fees 2,167 2,167
4. Directors' remuneration 2024 2,023
£ £
Directors remuneration 12,000 11,635
Value of directors pension contributions
_____ _____
Total 12,000 11,635
The number of Directors accruing pension benefits was
5. Employees 2024 2,023
£ £
Wages and salaries 15,821 17,386
_____ _____
Total staff costs 15,821 17,386
6. Taxation
The tax charge on the profit on ordinary activities 2024 2,023
for the period was as follows £ £
_ _
Tax on profit on ordinary activities
7. Dividends 2024 2,023
£ £
Dividend on ordinary shares paid in period
 
 
 
 
 
 
 
 
 
 
 
 
Page 10
P M Flooring (Medway) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
8. Tangible fixed assets
Fixtures Motor Total
and fittings vehicles
Cost £ £ £
At 1 August 2023 2,326 16,235 18,561
____ _____ _____
At 31 July 2024 2,326 16,235 18,561
Depreciation
At 1 August 2023 1,593 16,367 17,960
____ _____ _____
At 31 July 2024 1,593 16,367 17,960
Net book value
At 31 July 2024 733 (132) 601
At 31 July 2023 733 (132) 601
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 11
P M Flooring (Medway) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
9. Debtors 2024 2,023
Trade debtors 20,220 1,797
Prepayments and accrued income 14,497 16,412
_____ _____
Total 34,717 18,209
10. Creditors amounts falling due within one year 2024 2,023
Trade creditors 37,267 44,278
Other taxation and social security 14,610 13,100
_____ _____
Total 51,877 57,378
11. Creditors amounts falling due after more than one year 2024 2,023
Bank loans 9,054 17,562
____ _____
Total 9,054 17,562
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 12
P M Flooring (Medway) Limited
Notes to the Financial Statements
for the Period Ended 31 July 2024
12. Borrowings 2024 2,023
The following loans are included within creditors £ £
_ _
Total
13. Share capital 2024 2,023
Authorised type Par value £ £
Ordinary 1 1 1
_ _
Total 1 1
Allotted, called up and paid £ £
Ordinary 1 1
_ _
Total 1 1
14. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 August 2023 (25,274)
Profit/(Loss) for year 11,647
Dividends paid
______
Retained Profit/(Loss) at 31 July 2024 (13,627)
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 13