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REGISTERED NUMBER: NI024198 (Northern Ireland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED

P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED (REGISTERED NUMBER: NI024198)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTORS: Andrew Callan
Linda Jane Callan
William George McAllister





REGISTERED OFFICE: Unit 3
40 Duncrue Crescent
Belfast
BT3 9BW





REGISTERED NUMBER: NI024198 (Northern Ireland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED (REGISTERED NUMBER: NI024198)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 626 3,109
Tangible assets 5 78,401 99,396
79,027 102,505

CURRENT ASSETS
Stocks 26,000 22,500
Debtors 6 807,048 620,749
Cash at bank and in hand 308,056 443,411
1,141,104 1,086,660
CREDITORS
Amounts falling due within one year 7 783,696 747,389
NET CURRENT ASSETS 357,408 339,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,435

441,776

PROVISIONS FOR LIABILITIES 8 13,807 16,437
NET ASSETS 422,628 425,339

CAPITAL AND RESERVES
Called up share capital 5,030 5,030
Retained earnings 417,598 420,309
SHAREHOLDERS' FUNDS 422,628 425,339

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

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

P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED (REGISTERED NUMBER: NI024198)

BALANCE SHEET - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





Andrew Callan - Director


P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED (REGISTERED NUMBER: NI024198)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024

1. STATUTORY INFORMATION

P.C.M. Engineering Services (Belfast) Limited is a private company, limited by shares , registered in Northern Ireland. 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax for the design, manufacture and repair of machinery and equipment.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% per annum on cost
Plant and machinery - 15% per annum reducing balance
Fixtures and fittings - 15% per annum reducing balance
Motor vehicles - 25% per annum reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out basis. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments including loans and other accounts receivable and payable, are initially measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED (REGISTERED NUMBER: NI024198)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

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.

PROVISIONS FOR LIABILITIES
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.
Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

IMPAIRMENT
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amplification and any accumulated impairment losses.

Website is being amortisation evenly over its estimated useful life of three years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED (REGISTERED NUMBER: NI024198)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 November 2023
and 31 October 2024 7,450
AMORTISATION
At 1 November 2023 4,341
Amortisation for year 2,483
At 31 October 2024 6,824
NET BOOK VALUE
At 31 October 2024 626
At 31 October 2023 3,109

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 63,821 66,269 25,253 78,430 233,773
Additions - - 288 - 288
At 31 October 2024 63,821 66,269 25,541 78,430 234,061
DEPRECIATION
At 1 November 2023 43,675 47,664 16,420 26,618 134,377
Charge for year 6,382 2,791 1,328 10,782 21,283
At 31 October 2024 50,057 50,455 17,748 37,400 155,660
NET BOOK VALUE
At 31 October 2024 13,764 15,814 7,793 41,030 78,401
At 31 October 2023 20,146 18,605 8,833 51,812 99,396

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 785,084 596,771
Prepayments 21,964 23,978
807,048 620,749

P.C.M. ENGINEERING SERVICES (BELFAST)
LIMITED (REGISTERED NUMBER: NI024198)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 54,189 -
Trade creditors 315,807 285,218
Taxation and social security 106,896 91,674
Other creditors 306,804 370,497
783,696 747,389

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,807 16,437

Deferred
tax
£   
Balance at 1 November 2023 16,437
Credit to Statement of Income and Retained Earnings during year (2,630 )
Balance at 31 October 2024 13,807

The provision for deferred taxation is made up of accelerated capital allowances.

9. RELATED PARTY DISCLOSURES

Included in "Other creditors" is an amount of £296,865 (2023 - £357,881) due to the directors from the company. This loan is interest free and has no fixed terms of repayment.