Registered number
13114395
P.M.C. Trading Limited
Filleted Accounts
31 January 2025
P.M.C. Trading Limited
Registered number: 13114395
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 12,231 13,669
Current assets
Stocks 80,000 80,000
Debtors 4 5,126 4,640
Cash at bank and in hand - 29,533
85,126 114,173
Creditors: amounts falling due within one year 5 (93,776) (85,051)
Net current assets (8,650) 29,122
Net assets 3,581 42,791
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,580 42,790
Shareholder's funds 3,581 42,791
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Peter McCabe
Director
Approved by the board on 10 June 2025
P.M.C. Trading Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% reducing balance
Motor vehicles 10% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2024 1,108 16,000 17,108
At 31 January 2025 1,108 16,000 17,108
Depreciation
At 1 February 2024 399 3,040 3,439
Charge for the year 142 1,296 1,438
At 31 January 2025 541 4,336 4,877
Net book value
At 31 January 2025 567 11,664 12,231
At 31 January 2024 709 12,960 13,669
4 Debtors 2025 2024
£ £
Trade debtors 4,626 4,140
Other debtors 500 500
5,126 4,640
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 2,477 -
Trade creditors - 1,686
Taxation and social security costs 5,028 5,797
Other creditors 86,271 77,568
93,776 85,051
6 Other information
P.M.C. Trading Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
Merseyside
CH44 4BT
P.M.C. Trading Limited 13114395 false 2024-02-01 2025-01-31 2025-01-31 VT Final Accounts April 2025 Peter McCabe No description of principal activity 13114395 2023-02-01 2024-01-31 13114395 core:WithinOneYear 2024-01-31 13114395 core:ShareCapital 2024-01-31 13114395 core:RetainedEarningsAccumulatedLosses 2024-01-31 13114395 2024-02-01 2025-01-31 13114395 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13114395 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 13114395 bus:Director40 2024-02-01 2025-01-31 13114395 1 2024-02-01 2025-01-31 13114395 2 2024-02-01 2025-01-31 13114395 core:PlantMachinery 2024-02-01 2025-01-31 13114395 core:Vehicles 2024-02-01 2025-01-31 13114395 countries:England 2024-02-01 2025-01-31 13114395 bus:FRS102 2024-02-01 2025-01-31 13114395 bus:FilletedAccounts 2024-02-01 2025-01-31 13114395 2025-01-31 13114395 core:WithinOneYear 2025-01-31 13114395 core:ShareCapital 2025-01-31 13114395 core:RetainedEarningsAccumulatedLosses 2025-01-31 13114395 core:PlantMachinery 2025-01-31 13114395 core:Vehicles 2025-01-31 13114395 2024-01-31 13114395 core:PlantMachinery 2024-01-31 13114395 core:Vehicles 2024-01-31 iso4217:GBP xbrli:pure