PMB TAXATION SERVICES LIMITED

Company Registration Number:
SC247712 (Scotland)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

PMB TAXATION SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

PMB TAXATION SERVICES LIMITED

Balance sheet

As at 31 August 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 24,158 29,229
Total fixed assets: 24,158 29,229
Current assets
Debtors:   36,860 33,337
Cash at bank and in hand: 262,131 232,419
Total current assets: 298,991 265,756
Creditors: amounts falling due within one year:   (86,149) (92,578)
Net current assets (liabilities): 212,842 173,178
Total assets less current liabilities: 237,000 202,407
Creditors: amounts falling due after more than one year:   (6,110) (16,163)
Total net assets (liabilities): 230,890 186,244
Capital and reserves
Called up share capital: 105 105
Profit and loss account: 230,785 186,139
Shareholders funds: 230,890 186,244

The notes form part of these financial statements

PMB TAXATION SERVICES LIMITED

Balance sheet statements

For the year ending 31 August 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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 May 2025
and signed on behalf of the board by:

Name: C Frew
Status: Director

The notes form part of these financial statements

PMB TAXATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and machinery - 25% reducing balance If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

PMB TAXATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 14 14

PMB TAXATION SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 126,825
Additions 968
At 31 August 2024 127,793
Depreciation
At 01 September 2023 97,596
Charge for year 6,039
At 31 August 2024 103,635
Net book value
At 31 August 2024 24,158
At 31 August 2023 29,229