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REGISTERED NUMBER: 05486583 (England and Wales)















PMK RECYCLING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






PMK RECYCLING LIMITED (REGISTERED NUMBER: 05486583)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


PMK RECYCLING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: D R Pumpr
A Rushiti
Miss N J Phillips





SECRETARY: B T Carrick





REGISTERED OFFICE: Star Lane House
Star Lane
Stamford
Lincolnshire
PE9 1PH





REGISTERED NUMBER: 05486583 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

PMK RECYCLING LIMITED (REGISTERED NUMBER: 05486583)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,487,837 1,698,477

CURRENT ASSETS
Work in progress 252,890 143,375
Debtors 5 357,120 598,094
Cash at bank 2,030,314 1,742,022
2,640,324 2,483,491
CREDITORS
Amounts falling due within one year 6 364,297 499,857
NET CURRENT ASSETS 2,276,027 1,983,634
TOTAL ASSETS LESS CURRENT LIABILITIES 3,763,864 3,682,111

CREDITORS
Amounts falling due after more than one year 7 (18,472 ) -

PROVISIONS FOR LIABILITIES (152,885 ) (175,680 )
NET ASSETS 3,592,507 3,506,431

CAPITAL AND RESERVES
Called up share capital 9 350 350
Capital redemption reserve 650 650
Retained earnings 3,591,507 3,505,431
SHAREHOLDERS' FUNDS 3,592,507 3,506,431

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.

PMK RECYCLING LIMITED (REGISTERED NUMBER: 05486583)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:




A Rushiti - Director



D R Pumpr - Director


PMK RECYCLING LIMITED (REGISTERED NUMBER: 05486583)

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

1. STATUTORY INFORMATION

PMK Recycling 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost
Plant and machinery etc - 20% on cost, 10% on cost and 5% on cost

Property, plant and equipment is stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing work in progress to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 6 (2023 - 6 ) .

PMK RECYCLING LIMITED (REGISTERED NUMBER: 05486583)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 1,035,707 2,898,826 3,934,533
Additions - 58,978 58,978
Disposals - (42,250 ) (42,250 )
At 30 September 2024 1,035,707 2,915,554 3,951,261
DEPRECIATION
At 1 October 2023 366,829 1,869,227 2,236,056
Charge for year 51,785 192,483 244,268
Eliminated on disposal - (16,900 ) (16,900 )
At 30 September 2024 418,614 2,044,810 2,463,424
NET BOOK VALUE
At 30 September 2024 617,093 870,744 1,487,837
At 30 September 2023 668,878 1,029,599 1,698,477


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 284,561 502,738
Other debtors 2,432 2,432
Directors' current accounts 4,646 14,882
Prepayments and accrued income 65,481 78,042
357,120 598,094

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 11,667 -
Trade creditors 120,618 179,294
Taxation 81,516 137,637
Other taxes and social security 73,415 84,691
Other creditors 769 1,489
Directors' current accounts 3,648 3,648
Accruals and deferred income 72,664 93,098
364,297 499,857

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 18,472 -

PMK RECYCLING LIMITED (REGISTERED NUMBER: 05486583)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 30,139 -

Hire purchase creditors are secured over the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
350 Ordinary £1 350 350

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
A Rushiti
Balance outstanding at start of year 14,882 -
Amounts advanced - 20,000
Amounts repaid (10,236 ) (5,118 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,646 14,882

Loans to directors are interest free and repayable on demand.