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REGISTERED NUMBER: SC500434 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

PMID LTD

PMID LTD (Registered number: SC500434)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PMID LTD

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTOR: Mr P MacDonald





REGISTERED OFFICE: Admiral House
Montgomery Place
East Kilbride
Glasgow
G74 4BF





REGISTERED NUMBER: SC500434 (Scotland)





ACCOUNTANTS: R.A.M.
Unit 17, Colvilles Park
Kelvin Industrial Estate
East Kilbride
South Lanarkshire
G75 0GZ

PMID LTD (Registered number: SC500434)

STATEMENT OF FINANCIAL POSITION
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 149,900 74,148

CURRENT ASSETS
Stocks 10,138 7,207
Debtors 4 257,084 115,898
Cash at bank and in hand 42,123 54,032
309,345 177,137
CREDITORS
Amounts falling due within one year 5 233,998 158,342
NET CURRENT ASSETS 75,347 18,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,247

92,943

CREDITORS
Amounts falling due after more than one
year

6

97,156

53,936
NET ASSETS 128,091 39,007

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 128,085 39,001
SHAREHOLDERS' FUNDS 128,091 39,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PMID LTD (Registered number: SC500434)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2025


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 director and authorised for issue on 16 May 2025 and were signed by:





Mr P MacDonald - Director


PMID LTD (Registered number: SC500434)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025


1. 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

PMID LTD (Registered number: SC500434)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025


3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2024 77,404 3,667 88,651 169,722
Additions 55,216 - 41,630 96,846
Disposals - - (12,250 ) (12,250 )
At 31 March 2025 132,620 3,667 118,031 254,318
DEPRECIATION
At 1 April 2024 50,491 917 44,166 95,574
Charge for year 7,104 688 10,395 18,187
Eliminated on disposal - - (9,343 ) (9,343 )
At 31 March 2025 57,595 1,605 45,218 104,418
NET BOOK VALUE
At 31 March 2025 75,025 2,062 72,813 149,900
At 31 March 2024 26,913 2,750 44,485 74,148

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 234,909 113,116
Other debtors 22,175 2,782
257,084 115,898

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 3,333 3,450
Hire purchase contracts 41,719 20,570
Trade creditors 121,428 73,165
Taxation and social security 59,362 55,055
Other creditors 8,156 6,102
233,998 158,342

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Hire purchase contracts 85,489 32,269
Other creditors 11,667 21,667
97,156 53,936