COMPANY REGISTRATION NUMBER:
08913163
|
Filleted Unaudited Financial Statements |
|
Year ended 31 December 2024
|
Report to the board of directors on the preparation of the unaudited statutory financial statements |
4 |
|
|
|
Statement of financial position and the notes to the financial statements |
5 |
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Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended
31 December 2024
.
Principal activities
The principal activity of the company during the period was to develop and supply SCORG, software for design and analysis of screw compressors, pumps and motors to industry and academia.
Directors
The directors who served the company during the year were as follows:
|
Amar Kovacevic |
|
|
Ahmed Kovacevic |
|
|
Ermina Kovacevic |
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|
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Strategic report
Vision:
Become preferred software supplier for analysis and design of positive displacement screw machines.
Review of business in 2024
The company develops and sells SCORG, software for design and analysis of screw compressors, expanders, pumps and motors to industry and academia.
The company has started operations in early 2014 after acquiring the license from City, University of London to further develop and commercialise of SCORG software. Since then, the company has undertaken several activities to achieve its vision including extensive development and marketing activities.
The market for this type of software is challenging and competitive. Our offering is based on a strong background and experience of more than 30 years in the field.
A major release has been made in 2024 to include new features in the software. The new features include new routines to speed up calculation of claw vacuum pump profile and geometry, procedures for calculation of IGSM, facilities for calculation of clearance distribution and contact forces. In addition, the 3D design features within SCORG and CAD system were enhanced to enable customers to directly generate CAD models for their machines. Working with Gamma Technologies we developed new solution called GT-SCORG which enables modelling of systems with screw machines. Several marketing activities were performed to bring the software closer to the users. PDM Analysis exhibited at Hannover Messe in April 2024, Herrick Laboratories Engineering Conference at Purdue University in the USA, TU Dortmund screw machine conference and has improved digital marketing campaign. This led to new customers using the software. Web page www.pdmanalysis.co.uk was updated. The company was promoted through distribution of leaflets and other promotional materials in Germany, USA, Japan and China.
All this resulted in a large interest from existing and new customers and sales in 2024 have increased.
Key performance indicators:
The company manages its business using the following indicators:
1. Number of sold licenses - targets set at the beginning of the financial year.
2. Sales - Forecasts of direct and sales through distributors and targets are set immediately prior to a new financial year (corresponding to the calendar year).
3. Profit - set target to steadily grow from 0% in Y1 to 12% in Y11
4. Liquidity ratio: target 1.5:1
Risks in 2024:
Turbulent happenings in eastern Europe affects the Asian market for SCORG software.
Future developments:
The level of trade is expected to grow in line with forecasts. The company will continue with strong investments in development of the software and further marketing activities. The major release with extended design features is planned in 2025.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
20 June 2025
and signed on behalf of the board by:
|
Ahmed Kovacevic |
Ermina Kovacevic |
|
Director |
Director |
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|
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Registered office: |
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Bourne House |
|
475 Godstone Road |
|
Whyteleafe |
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Surrey |
|
England |
|
CR3 0BL |
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Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
PDM Analysis Limited |
|
Year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PDM Analysis Limited for the year ended 31 December 2024, which comprise the statement of financial position and the notes to the financial statements from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
BAILHACHE LINTON LLP
Accountants
Bourne House
475 Godstone Road
Whyteleafe
Surrey
CR3 0BL
20 June 2025
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Statement of Financial Position |
|
31 December 2024
|
2024 |
2023 |
|
£ |
£ |
£ |
|
Fixed assets |
|
74,206 |
54,415 |
|
|
-------- |
-------- |
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Current assets |
434,133 |
|
357,620 |
|
Prepayments and accrued income |
10,188 |
|
1,264 |
|
--------- |
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--------- |
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|
444,321 |
358,884 |
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|
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Creditors: amounts falling due within one year |
|
10,509 |
33,121 |
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--------- |
--------- |
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Net current assets |
|
433,812 |
325,763 |
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|
--------- |
--------- |
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Total assets less current liabilities |
|
508,018 |
380,178 |
|
|
|
|
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Accruals and deferred income |
|
292,793 |
211,421 |
|
|
--------- |
--------- |
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|
215,225 |
168,757 |
|
|
--------- |
--------- |
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|
|
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Capital and reserves |
|
215,225 |
168,757 |
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|
--------- |
--------- |
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Notes to the financial statements
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
2.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2024 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
|
|
£ |
£ |
£ |
£ |
|
Ahmed Kovacevic |
1,259 |
- |
(
5,308) |
(
4,049) |
|
|
------- |
---- |
------- |
------- |
|
|
|
|
|
|
|
2023 |
|
|
Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
|
|
£ |
£ |
£ |
£ |
|
Ahmed Kovacevic |
(
1,571) |
6,000 |
(
3,170) |
1,259 |
|
|
------- |
------- |
------- |
------- |
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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.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
20 June 2025
, and are signed on behalf of the board by:
Company registration number:
08913163
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bourne House, 475 Godstone Road, Whyteleafe, Surrey, CR3 0BL, England.