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Registration number: 13044015

PGM Minerals Limited

Annual Report and Unaudited Financial Statements

For The Year Ended 30 November 2024

 

PGM Minerals Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

PGM Minerals Limited

(Registration number: 13044015)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

           

Current assets

   

 

Debtors

4

 

105

 

100

Cash at bank and in hand

   

2,182

 

9,960

   

2,287

 

10,060

Creditors: Amounts falling due within one year

5

 

(600)

 

(2,244)

Net assets

   

1,687

 

7,816

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

1,587

 

7,716

 

Total equity

   

1,687

 

7,816

For the financial year ending 30 November 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 and 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 Profit and Loss Account.

Approved and authorised by the director on 4 August 2025
 

.........................................
Mr P.G. Morgan
Director

 

PGM Minerals Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 11, Fusion Court
Aberford Road
Garforth
Leeds
LS25 2GH

These financial statements were authorised for issue by the director on 4 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

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.

Basis of preparation

The financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern

The financial statements have not been prepared on the going concern basis as the Director intends to strike off the Company in the current financial year. No adjustments to the carrying amounts in the balance sheet are considered necessary.

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 value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

PGM Minerals Limited

Notes to the Unaudited Financial Statements For The Year Ended 30 November 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Debtors

Debtors: amounts falling due within one year

2024
£

2023
£

Other debtors

105

100

 

105

100

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

-

1,644

Other creditors

600

600

600

2,244