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PMG (PLASTRONIC) LIMITED

Registered Number
03580148
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

PMG (PLASTRONIC) LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

ACKARY, Teena
BEVAN, Rosheen
HAYTON, Barbara Elizabeth
MILLER, Justin
WILLIAMS, Amanda

Company Secretary

ACKARY, Teena

Registered Address

Building 2a, D Site Kemble Airfield
Kemble
Cirencester
GL7 6BA

Registered Number

03580148 (England and Wales)
PMG (PLASTRONIC) LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets351,4669,734
51,4669,734
Current assets
Debtors876,251772,153
Cash at bank and on hand210,460294,269
1,086,7111,066,422
Creditors amounts falling due within one year4(692,319)(555,963)
Net current assets (liabilities)394,392510,459
Total assets less current liabilities445,858520,193
Creditors amounts falling due after one year5(172,832)(217,508)
Net assets273,026302,685
Capital and reserves
Called up share capital114113
Profit and loss account272,912302,572
Shareholders' funds273,026302,685
The financial statements were approved and authorised for issue by the Board of Directors on 30 July 2025, and are signed on its behalf by:
ACKARY, Teena
Director
Registered Company No. 03580148
PMG (PLASTRONIC) LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
2.Average number of employees

20242023
Average number of employees during the year1313
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 24128,516--128,516
Additions35,16914,74065050,559
At 31 December 24163,68514,740650179,075
Depreciation and impairment
At 01 January 24118,782--118,782
Charge for year8,827--8,827
At 31 December 24127,609--127,609
Net book value
At 31 December 2436,07614,74065051,466
At 31 December 239,734--9,734
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables519,613321,021
Bank borrowings and overdrafts131,781126,601
Taxation and social security18,69042,756
Accrued liabilities and deferred income22,23565,585
Total692,319555,963
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts172,832217,508
Total172,832217,508
6.Secured creditors
The debenture charge is secured against the property the mortgage relates to.