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REGISTERED NUMBER: 06390395 (England and Wales)






















Financial Statements

for the Year Ended 31 October 2024

for

PMI Insulation Services Limited

PMI Insulation Services Limited (Registered number: 06390395)






Contents of the Financial Statements
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PMI Insulation Services Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: P J Moore
Mrs A M Moore





SECRETARY: Mrs A M Moore





REGISTERED OFFICE: 13a Duke Street
Southport
Merseyside
PR8 1LS





REGISTERED NUMBER: 06390395 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
13a Duke Street
Southport
Merseyside
PR8 1LS

PMI Insulation Services Limited (Registered number: 06390395)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £
FIXED ASSETS
Intangible assets 4 20,000 30,000
Tangible assets 5 11,600 14,646
31,600 44,646

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 62,597 34,000
Cash at bank 109,572 51,069
174,169 87,069
CREDITORS
Amounts falling due within one year 7 (152,262 ) (106,715 )
NET CURRENT ASSETS/(LIABILITIES) 21,907 (19,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,507

25,000

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Share premium 39,000 39,000
Retained earnings 13,507 (15,000 )
SHAREHOLDERS' FUNDS 53,507 25,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 26 May 2025 and were signed on its behalf by:




P J Moore - Director



Mrs A M Moore - Director


PMI Insulation Services Limited (Registered number: 06390395)

Notes to the Financial Statements
for the year ended 31 October 2024

1. STATUTORY INFORMATION

PMI Insulation Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 November 2023
and 31 October 2024 100,000
AMORTISATION
At 1 November 2023 70,000
Amortisation for year 10,000
At 31 October 2024 80,000
NET BOOK VALUE
At 31 October 2024 20,000
At 31 October 2023 30,000

PMI Insulation Services Limited (Registered number: 06390395)

Notes to the Financial Statements - continued
for the year ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 November 2023
and 31 October 2024 8,416 7,969 34,555 906 51,846
DEPRECIATION
At 1 November 2023 7,749 6,855 21,898 698 37,200
Charge for year 167 279 2,531 69 3,046
At 31 October 2024 7,916 7,134 24,429 767 40,246
NET BOOK VALUE
At 31 October 2024 500 835 10,126 139 11,600
At 31 October 2023 667 1,114 12,657 208 14,646

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade debtors 59,434 32,260
Other debtors 3,163 1,740
62,597 34,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£ £
Trade creditors 16,815 9,198
Taxation and social security 23,499 11,325
Other creditors 111,948 86,192
152,262 106,715

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £ £
1,000 Ordinary £1 1,000 1,000