PME (Dundee) Ltd SC576446 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is Electrical Instalation Digita Accounts Production Advanced 6.30.9574.0 true SC576446 2023-10-01 2024-09-30 SC576446 2024-09-30 SC576446 core:RetainedEarningsAccumulatedLosses 2024-09-30 SC576446 core:ShareCapital 2024-09-30 SC576446 core:CurrentFinancialInstruments 2024-09-30 SC576446 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 SC576446 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 SC576446 core:FurnitureFittings 2024-09-30 SC576446 core:MotorVehicles 2024-09-30 SC576446 core:OfficeEquipment 2024-09-30 SC576446 core:PlantMachinery 2024-09-30 SC576446 bus:SmallEntities 2023-10-01 2024-09-30 SC576446 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 SC576446 bus:FilletedAccounts 2023-10-01 2024-09-30 SC576446 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 SC576446 bus:RegisteredOffice 2023-10-01 2024-09-30 SC576446 bus:Director1 2023-10-01 2024-09-30 SC576446 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 SC576446 core:FurnitureFittings 2023-10-01 2024-09-30 SC576446 core:MotorVehicles 2023-10-01 2024-09-30 SC576446 core:OfficeEquipment 2023-10-01 2024-09-30 SC576446 core:PlantMachinery 2023-10-01 2024-09-30 SC576446 countries:Scotland 2023-10-01 2024-09-30 SC576446 2023-09-30 SC576446 core:FurnitureFittings 2023-09-30 SC576446 core:MotorVehicles 2023-09-30 SC576446 core:OfficeEquipment 2023-09-30 SC576446 core:PlantMachinery 2023-09-30 SC576446 2022-10-01 2023-09-30 SC576446 2023-09-30 SC576446 core:RetainedEarningsAccumulatedLosses 2023-09-30 SC576446 core:ShareCapital 2023-09-30 SC576446 core:CurrentFinancialInstruments 2023-09-30 SC576446 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 SC576446 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 SC576446 core:FurnitureFittings 2023-09-30 SC576446 core:MotorVehicles 2023-09-30 SC576446 core:OfficeEquipment 2023-09-30 SC576446 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: SC576446

PME (Dundee) Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

PME (Dundee) Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

PME (Dundee) Ltd

(Registration number: SC576446)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

135,610

38,680

Current assets

 

Debtors

5

1,078,230

667,155

Cash at bank and in hand

 

225,008

149,530

 

1,303,238

816,685

Creditors: Amounts falling due within one year

6

(777,994)

(578,506)

Net current assets

 

525,244

238,179

Total assets less current liabilities

 

660,854

276,859

Creditors: Amounts falling due after more than one year

6

(46,076)

(16,677)

Net assets

 

614,778

260,182

Capital and reserves

 

Called up share capital

4

4

Retained earnings

614,774

260,178

Shareholders' funds

 

614,778

260,182

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 23 July 2025
 

 

PME (Dundee) Ltd

(Registration number: SC576446)
Statement of Financial Position as at 30 September 2024

.........................................
Mr M Hay
Director

 

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
1 Faraday Court
Dryburgh Industrial Estate
Dundee
DD2 3UD
Scotland

These financial statements were authorised for issue by the director on 23 July 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

 

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicle

25% reducing balance

Plant & Machinery

20% reducing balance

Office Equipment

25% reducing balance

Fixture & Fittings

25% reducing balance

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

 

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 28 (2023 - 27).

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Office equipment
£

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

8,740

38,875

6,074

27,841

81,530

Additions

7,227

94,393

2,195

2,154

105,969

At 30 September 2024

15,967

133,268

8,269

29,995

187,499

Depreciation

At 1 October 2023

3,999

19,012

4,171

15,668

42,850

Charge for the year

1,459

4,965

674

1,941

9,039

At 30 September 2024

5,458

23,977

4,845

17,609

51,889

Carrying amount

At 30 September 2024

10,509

109,291

3,424

12,386

135,610

At 30 September 2023

4,741

19,863

1,903

12,173

38,680

5

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

666,809

646,027

Amounts owed by related parties

289,750

-

Other debtors

 

121,671

21,128

   

1,078,230

667,155

 

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

23,049

10,823

Trade creditors

 

303,981

208,936

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

-

221,453

Taxation and social security

 

119,107

82,539

Accruals and deferred income

 

325,469

37,757

Other creditors

 

6,388

16,998

 

777,994

578,506

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

46,076

16,677

7

Dividends

2024

2023

£

£

Final dividend of £Nil (2023 - £50,000) per ordinary share

-

200,000