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REGISTERED NUMBER: 08628853 (England and Wales)










Financial Statements

for the Year Ended 31 July 2024

for

PMC Scaffold & Access Ltd

PMC Scaffold & Access Ltd (Registered number: 08628853)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PMC Scaffold & Access Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P M Cullen
A J Thompson
W A Dee





REGISTERED OFFICE: 392 Cromwell Road
Grimsby
N E Lincolnshire
DN31 2BN





REGISTERED NUMBER: 08628853 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

PMC Scaffold & Access Ltd (Registered number: 08628853)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 527,146 515,048

CURRENT ASSETS
Stocks 14,926 15,140
Debtors 5 686,888 988,525
Cash at bank and in hand 427,664 636,905
1,129,478 1,640,570
CREDITORS
Amounts falling due within one year 6 (885,360 ) (687,714 )
NET CURRENT ASSETS 244,118 952,856
TOTAL ASSETS LESS CURRENT
LIABILITIES

771,264

1,467,904

CREDITORS
Amounts falling due after more than one year 7 (262,192 ) (114,564 )

PROVISIONS FOR LIABILITIES (33,040 ) (30,741 )
NET ASSETS 476,032 1,322,599

CAPITAL AND RESERVES
Called up share capital 9 65 126
Retained earnings 10 475,967 1,322,473
SHAREHOLDERS' FUNDS 476,032 1,322,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PMC Scaffold & Access Ltd (Registered number: 08628853)

Balance Sheet - continued
31 July 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 16 June 2025 and were signed on its behalf by:





P M Cullen - Director


PMC Scaffold & Access Ltd (Registered number: 08628853)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

PMC Scaffold & Access Ltd 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.

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.

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 - 10% on cost
Motor vehicles - 15% on reducing balance
Computer equipment - 10% on cost

STOCKS
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 stocks 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

PMC Scaffold & Access Ltd (Registered number: 08628853)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 21 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 353,254 445,197 - 18,874 817,325
Additions - 625 57,995 4,519 63,139
At 31 July 2024 353,254 445,822 57,995 23,393 880,464
DEPRECIATION
At 1 August 2023 - 289,891 - 12,386 302,277
Charge for year - 44,539 4,350 2,152 51,041
At 31 July 2024 - 334,430 4,350 14,538 353,318
NET BOOK VALUE
At 31 July 2024 353,254 111,392 53,645 8,855 527,146
At 31 July 2023 353,254 155,306 - 6,488 515,048

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 598,633 963,625
Tax 45,101 -
Prepayments 43,154 24,900
686,888 988,525

PMC Scaffold & Access Ltd (Registered number: 08628853)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 51,438 14,796
Other loans (see note 8) 24,913 38,198
Trade creditors 217,325 153,965
Corporation tax - 138,289
Social security and other tax 16,894 25,818
VAT 34,377 132,998
Other creditors 529,939 172,950
Directors' current accounts 6,455 6,455
Accrued expenses 4,019 4,245
885,360 687,714

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 225,699 84,068
Other loans (see note 8) 36,493 30,496
262,192 114,564

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 51,438 14,796
Other loans 24,913 38,198
76,351 52,994

Amounts falling due between one and two years:
Bank loans - 1-2 years 52,098 15,438
Other loans - 1-2 years 24,733 22,162
76,831 37,600

Amounts falling due between two and five years:
Bank loans - 2-5 years 173,601 68,630
Other loans - 2-5 years 11,760 8,334
185,361 76,964

PMC Scaffold & Access Ltd (Registered number: 08628853)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
64 Ordinary £1 64 100
NIL Ordinary A £1 - 25
1 Ordinary B £1 1 1
65 126

10. RESERVES
Retained
earnings
£   

At 1 August 2023 1,322,473
Profit for the year 197,233
Dividends (393,800 )
Transfer to reserve fund (649,939 )
At 31 July 2024 475,967

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £110,000 were paid to the director throughout the year ended 31st July 2024 (£211,400 - 2023). The Company owed the director £6,455 as at 31st July 2024 (£6,455 - 2023).

12. RELATED PARTY DISCLOSURES

As at 31st July 2024 the Company has a loan outstanding totalling £6,507 to Safeside Netting Limited and £393,848 to PMC Safety Netting Ltd, a Company in which the director Paul M Cullen is a director.