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REGISTERED NUMBER: 03263909 (England and Wales)










Audited Financial Statements

for the Year Ended 31 December 2024

for

Pometon Limited

Pometon Limited (Registered number: 03263909)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pometon Limited

Company Information
for the Year Ended 31 December 2024







Directors: Mr A Banzoli
Mr R J Clayton





Registered office: The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG





Registered number: 03263909 (England and Wales)





Auditors: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Pometon Limited (Registered number: 03263909)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £
Fixed assets
Tangible assets 4 17,999 20,642
Investments 5 2,395 2,395
20,394 23,037

Current assets
Stocks 725,774 763,883
Debtors 6 656,104 563,680
Cash at bank and in hand 631,937 622,851
2,013,815 1,950,414
Creditors
Amounts falling due within one year 7 380,625 403,435
Net current assets 1,633,190 1,546,979
Total assets less current liabilities 1,653,584 1,570,016

Capital and reserves
Called up share capital 8 220,000 220,000
Retained earnings 9 1,433,584 1,350,016
Shareholders' funds 1,653,584 1,570,016

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2025 and were signed on its behalf by:





Mr R J Clayton - Director


Pometon Limited (Registered number: 03263909)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Pometon Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pometon Limited (Registered number: 03263909)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 January 2024 66,089 17,630 83,719
Additions 939 2,030 2,969
Disposals (1,230 ) - (1,230 )
At 31 December 2024 65,798 19,660 85,458
Depreciation
At 1 January 2024 45,496 17,581 63,077
Charge for year 5,045 280 5,325
Eliminated on disposal (943 ) - (943 )
At 31 December 2024 49,598 17,861 67,459
Net book value
At 31 December 2024 16,200 1,799 17,999
At 31 December 2023 20,593 49 20,642

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
Cost
At 1 January 2024
and 31 December 2024 2,395
Net book value
At 31 December 2024 2,395
At 31 December 2023 2,395

Pometon Limited (Registered number: 03263909)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 610,823 520,274
Provision for bad debts (13,784 ) (12,395 )
Prepayments and accrued income 59,065 55,801
656,104 563,680

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 288,070 250,388
Amounts owed to group undertakings - 87,639
Corporation tax 25,675 20,173
Social security and other taxes 21,583 19,320
VAT 30,438 10,009
Other creditors 384 493
Accruals and deferred income 14,475 15,413
380,625 403,435

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
220,000 Ordinary shares 1 220,000 220,000

9. RESERVES
Retained
earnings
£

At 1 January 2024 1,350,016
Profit for the year 183,568
Dividends (100,000 )
At 31 December 2024 1,433,584

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Hughes (Senior Statutory Auditor)
for and on behalf of Hughes & Co.

Pometon Limited (Registered number: 03263909)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


11. RELATED PARTY DISCLOSURES

Pometon SPA
Parent Company

Amounts owing to - £Nil (2023 - £87,639).
Sales - £Nil (2023 - £Nil).
Purchases - £1,283,720 (2023 - £1,640,261).
Commissions - £Nil (2023 - £Nil).

Pometon Spain
Group Company

Sales - £Nil (2023 - £Nil).
Purchases - £Nil (2023 - £Nil).

12. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Pometon SPA.