Acorah Software Products - Accounts Production 16.2.850 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 NI613899 Mr Philip Rex Morrow true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure NI613899 2023-12-31 NI613899 2024-12-31 NI613899 2024-01-01 2024-12-31 NI613899 frs-core:CurrentFinancialInstruments 2024-12-31 NI613899 frs-core:ShareCapital 2024-12-31 NI613899 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 NI613899 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 NI613899 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 NI613899 frs-bus:SmallEntities 2024-01-01 2024-12-31 NI613899 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 NI613899 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 NI613899 1 2024-01-01 2024-12-31 NI613899 frs-bus:Director1 2024-01-01 2024-12-31 NI613899 frs-countries:NorthernIreland 2024-01-01 2024-12-31 NI613899 2022-12-31 NI613899 2023-12-31 NI613899 2023-01-01 2023-12-31 NI613899 frs-core:CurrentFinancialInstruments 2023-12-31 NI613899 frs-core:ShareCapital 2023-12-31 NI613899 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: NI613899
PRM Haulage Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
McCleary & Company Ltd.
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: NI613899
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 789,714 823,682
Cash at bank and in hand 838,827 511,959
1,628,541 1,335,641
Creditors: Amounts Falling Due Within One Year 5 (1,025,906 ) (819,733 )
NET CURRENT ASSETS (LIABILITIES) 602,635 515,908
TOTAL ASSETS LESS CURRENT LIABILITIES 602,635 515,908
NET ASSETS 602,635 515,908
CAPITAL AND RESERVES
Called up share capital 6 10,001 10,001
Profit and Loss Account 592,634 505,907
SHAREHOLDERS' FUNDS 602,635 515,908
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Philip Rex Morrow
Director
9 April 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PRM Haulage Ltd is a private company, limited by shares, incorporated in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page. 
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.
2.3. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.4. 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.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 668,489 598,850
Other debtors 121,225 224,832
789,714 823,682
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 270,240 294,571
Bank loans and overdrafts 347,777 352,275
Other creditors 378,531 129,044
Taxation and social security 29,358 43,843
1,025,906 819,733
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,001 10,001
7. Related Party Transactions
Sales to
Related
Parties
£
Purchases
from Related
Parties
£
Other Services
from Related
Parties
£
Loan Balances owed to/ (by)
PRM Haulage Ltd
at Year End
£
Trade Balances owed
to/ (by) PRM Haulage Ltd
at Year End
£
Transactions
with Other
Related Parties
3,044,356
4,381,878
20,265
(335,000)
31,914
8. Ultimate Controlling Party
The ultimate controlling party is the Director due to his equity shareholding in the parent company.
Page 3