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REGISTERED NUMBER: 12835610 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

PMG LOGISTICS LTD

PMG LOGISTICS LTD (REGISTERED NUMBER: 12835610)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PMG LOGISTICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: G W Bethel
M Dixon
C J Fielding





REGISTERED OFFICE: Cedar House
123 Worsley Road
Worsley
Manchester
M28 2WG





REGISTERED NUMBER: 12835610 (England and Wales)





ACCOUNTANTS: RfM Alexander Bursk
c/o Alexander Bursk Ltd
Parkgates, Bury New Road
Prestwich
Manchester
Greater Manchester
M25 0JW

PMG LOGISTICS LTD (REGISTERED NUMBER: 12835610)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 91,347 92,446

CURRENT ASSETS
Debtors 5 1,522,971 1,245,541
Cash at bank 528,385 565,775
2,051,356 1,811,316
CREDITORS
Amounts falling due within one year 6 954,769 730,086
NET CURRENT ASSETS 1,096,587 1,081,230
TOTAL ASSETS LESS CURRENT LIABILITIES 1,187,934 1,173,676

PROVISIONS FOR LIABILITIES 20,993 23,112
NET ASSETS 1,166,941 1,150,564

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,166,841 1,150,464
1,166,941 1,150,564

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PMG LOGISTICS LTD (REGISTERED NUMBER: 12835610)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:




G W Bethel - Director



C J Fielding - Director


PMG LOGISTICS LTD (REGISTERED NUMBER: 12835610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

PMG Logistics Ltd 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 etc - 50% on cost and 10% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 - 6 ) .

PMG LOGISTICS LTD (REGISTERED NUMBER: 12835610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 97,325
Additions 9,294
At 30 September 2024 106,619
DEPRECIATION
At 1 October 2023 4,879
Charge for year 10,393
At 30 September 2024 15,272
NET BOOK VALUE
At 30 September 2024 91,347
At 30 September 2023 92,446

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,474,072 1,130,021
Other debtors 48,899 115,520
1,522,971 1,245,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 441,386 246,957
Taxation and social security 222,311 197,011
Other creditors 291,072 286,118
954,769 730,086

PMG LOGISTICS LTD (REGISTERED NUMBER: 12835610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. RELATED PARTY DISCLOSURES

During the year, the company entered into transactions with BCD Logistics Ltd, a related party by virtue of common shareholders and directors. Transactions charged by BCD Logistics Ltd were £333,789 (2023 - £317,634) and transactions charged to BCD Logistics Ltd were £319,725 (2023 - £189,086). At 30/09/24, the company owed BCD Logistics Ltd £59,592 (2023 - £36,471) and was owed £59,839 (2023 - £22,331) by BCD Logistics Ltd.

During the year, the company entered into transactions with JME Transport & Distribution Ltd, a related party by virtue of common shareholders and directors. Transactions charged by JME Transport & Distribution Ltd were £850 (2023 - £3,080) and transactions charged to JME Transport & Distribution Ltd were £nil (2023 - £6,870). At 30/09/24, the company owed JME Transport & Distribution Ltd £nil (2023 - £1,680) and was owed £nil (2023 - £nil) by JME Transport & Distribution Ltd.

From 7th December 2022, the company and Solent Transport Services Ltd were nolonger related parties and therefore, the comparative period figures only reflect activity to that date. Transactions charged by Solent Transport Services Ltd were £100,530 - 2023 and transactions charged to Solent Transport Services Ltd were £2,950 - 2023.

8. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling parties.