Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-05-102024-05-102024-05-102024-05-102024-12-31true5No description of principal activitytruetrue2024-01-01false8falsefalse 11372302 2023-12-31 11372302 2024-01-01 2024-12-31 11372302 2023-02-01 2024-01-31 11372302 2024-12-31 11372302 2024-01-31 11372302 2023-02-01 11372302 c:Director1 2024-01-01 2024-12-31 11372302 c:Director1 2024-12-31 11372302 c:Director2 2024-01-01 2024-12-31 11372302 c:Director3 2024-01-01 2024-12-31 11372302 c:Director3 2024-12-31 11372302 c:RegisteredOffice 2024-01-01 2024-12-31 11372302 d:CurrentFinancialInstruments 2024-12-31 11372302 d:CurrentFinancialInstruments 2024-01-31 11372302 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 11372302 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 11372302 d:ReportableOperatingSegment1 2024-01-01 2024-12-31 11372302 d:ReportableOperatingSegment1 2023-02-01 2024-01-31 11372302 e:UnitedKingdom 2024-01-01 2024-12-31 11372302 e:UnitedKingdom 2023-02-01 2024-01-31 11372302 d:ShareCapital 2024-01-01 2024-12-31 11372302 d:ShareCapital 2024-12-31 11372302 d:ShareCapital 2023-02-01 2024-01-31 11372302 d:ShareCapital 2024-01-31 11372302 d:ShareCapital 2023-02-01 11372302 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 11372302 d:RetainedEarningsAccumulatedLosses 2024-12-31 11372302 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 11372302 d:RetainedEarningsAccumulatedLosses 2024-01-31 11372302 d:RetainedEarningsAccumulatedLosses 2023-02-01 11372302 c:OrdinaryShareClass1 2024-01-01 2024-12-31 11372302 c:OrdinaryShareClass1 2024-12-31 11372302 c:OrdinaryShareClass1 2024-01-31 11372302 c:FRS102 2024-01-01 2024-12-31 11372302 c:Audited 2024-01-01 2024-12-31 11372302 c:FullAccounts 2024-01-01 2024-12-31 11372302 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 11372302 2 2024-01-01 2024-12-31 11372302 f:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure
Company registration number: 11372302







ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


PMA (SERVICES) LTD






































img0f56.png                        

 


PMA (SERVICES) LTD
 


 
COMPANY INFORMATION


Directors
Leonard McDonnell (resigned 10 May 2024)
Harry Davies 
David Van Dyke (appointed 10 May 2024)




Registered number
11372302



Registered office
3000a Parkway
Whiteley

Fareham

Hampshire

PO15 7FX




Trading Address
1 St Andrew's Hill

London

EC4V 5BY






Independent auditors
MC Audit Limited
Chartered Accountants & Statutory Auditor

Station House

50 North Street

Havant

Hampshire

PO9 1QU





 


PMA (SERVICES) LTD
 



CONTENTS



Page
Strategic report
1
Directors' report
2 - 3
Independent auditors' report
4 - 7
Statement of comprehensive income
8
Statement of financial position
9
Statement of changes in equity
10
Notes to the financial statements
11 - 17


 


PMA (SERVICES) LTD
 


 
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

Business review
 
The principal activity of the company during the year continued to be that of construction services and the supply of modular buildings.
During the period, the business experienced a reduction in turnover, predominately driven by a reduction in one of the lower margin sales lines.  As a result of this change, the gross profit margin has increased on the previous period.

Principal risks and uncertainties
 
In terms of financial risk, there are few material elements.  The group must always consider and review its credit terms with customers and suppliers to ensure that the working capital cycle is not overly stretched.
The major risk comes from competition.  The director’s view is that PMA Services’ name is well established and respected in the market and therefore able to withstand an element of competition threat.

Financial key performance indicators
 
The director considers turnover to be the main key performance indicator when analysing business performance.  
                      Dec 2024    Jan 2024
  
Turnover      £18,192,076  £21,951,591
Trade Debtor Days 69       29
Trade Creditor Days 51       32
 

 



This report was approved by the board and signed on its behalf.





David Van Dyke
Director

Date: 17 June 2025

Page 1

 


PMA (SERVICES) LTD
 


 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

The directors present their report and the financial statements for the year ended 31 December 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £1,873,773 (January 2024 - £1,527,031).

Directors

The directors who served during the year were:

Leonard McDonnell (resigned 10 May 2024)
Harry Davies 
David Van Dyke (appointed 10 May 2024)

Future developments

The director will continue to focus on the growth of the business, whilst ensuring they maintain a high quality of work

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the year end.

Page 2

 


PMA (SERVICES) LTD
 


 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Auditors

The auditorsMC Audit Limitedwill be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





David Van Dyke
Director

Date: 17 June 2025

Page 3

 


PMA (SERVICES) LTD
 

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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PMA (SERVICES) LTD

Opinion


We have audited the financial statements of PMA (Services) Ltd (the 'Company') for the year ended 31 December 2024, which comprise the Statement of comprehensive income, the Statement of financial position, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the Company's affairs as at 31 December 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report.  We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Page 4

 


PMA (SERVICES) LTD


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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PMA (SERVICES) LTD (CONTINUED)

Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 2, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.


Page 5

 


PMA (SERVICES) LTD


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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PMA (SERVICES) LTD (CONTINUED)

Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
From discussion with management and those charged with governance information about the entity is documented to assess the activity within the organisation. We discuss management's assessment of risk in respect of irregularities, fraud and going concern.
Based on these discussions and our own assessments we determined that the key risk areas were income recognition in respect of cut off issues, management override concerning the size of the organisation and payroll procedures.
We set financial statement materiality level based on the level of profit. As a trading company, profit is its primary focus which is why profit was used to determine the level of materiality. Our overall assessment of risk was used to determine performance materiality at an appropriate level.
Substantive audit tests were designed after assessing and testing systems and controls. The systems and controls which have been designed to act as a preventative measure against fraud and error were operating as documented. Substantive testing tested a sample of the population, representative of the population, to identify errors. The testing did not identify any material misstatements in areas tested.
Audit substantive tests concluded no material errors over the key risk areas of income recognition and management override.
The audit considers the organisation is not exposed to material risk of error as a result of assessing laws and regulations that are appropriate to the organisation.
Management assessed there is no going concern risk. The audit undertook a review of appropriate information and came to the same conclusion as management.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Page 6

 


PMA (SERVICES) LTD


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INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF PMA (SERVICES) LTD (CONTINUED)

Use of our report
 

This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Paul Underwood (Senior statutory auditor)
  
for and on behalf of
MC Audit Limited
 
Chartered Accountants
Statutory Auditor
  
Station House
50 North Street
Havant
Hampshire
PO9 1QU

24 June 2025
Page 7

 


PMA (SERVICES) LTD
 


 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2024
£
£

  

Turnover
 4 
18,192,076
21,951,591

Cost of sales
  
(14,039,409)
(19,104,802)

Gross profit
  
4,152,667
2,846,789

Administrative expenses
  
(1,642,975)
(948,939)

Operating profit
  
2,509,692
1,897,850

Interest receivable and similar income
 7 
14,941
134,883

Interest payable and similar expenses
 8 
(15,081)
(524)

Profit before tax
  
2,509,552
2,032,209

Tax on profit
  
(635,779)
(505,178)

Profit for the financial year
  
1,873,773
1,527,031

There was no other comprehensive income for 2024 (2024:£NIL).

The notes on pages 11 to 17 form part of these financial statements.

Page 8

 


PMA (SERVICES) LTD
REGISTERED NUMBER:11372302



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2024
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 10 
6,880,968
5,773,794

Cash at bank and in hand
  
142,680
7,793,464

  
7,023,648
13,567,258

Creditors: amounts falling due within one year
 11 
(4,327,591)
(10,169,018)

Net current assets
  
 
 
2,696,057
 
 
3,398,240

Total assets less current liabilities
  
2,696,057
3,398,240

  

Net assets
  
2,696,057
3,398,240


Capital and reserves
  

Called up share capital 
 12 
100
100

Profit and loss account
 13 
2,695,957
3,398,140

  
2,696,057
3,398,240


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




David Van Dyke
Director

Date: 17 June 2025

The notes on pages 11 to 17 form part of these financial statements.

Page 9

 
PMA (SERVICES) LTD

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 February 2023
100
1,871,109
1,871,209



Comprehensive income for the year


Profit for the year
-
1,527,031
1,527,031

Total comprehensive income for the year
-
1,527,031
1,527,031



Total transactions with owners
-
-
-





At 1 January 2024
100
3,398,140
3,398,240



Comprehensive income for the year


Profit for the year
-
1,873,773
1,873,773

Total comprehensive income for the year
-
1,873,773
1,873,773



Contributions by and distributions to owners


Dividends: Equity capital
-
(2,575,956)
(2,575,956)



Total transactions with owners
-
(2,575,956)
(2,575,956)



At 31 December 2024
100
2,695,957
2,696,057



The notes on pages 11 to 17 form part of these financial statements.

Page 10
 


PMA (SERVICES) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

PMA (Services) Limited is a private company limited by shares, registered in England and Wales. The address of its
registered office is disclosed on the company information page.
The accounting period has been shortened to the 31st December 2024 to bring in line with other companies owned by the new director.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of PMA Group Limited as at 31 December 2024 and these financial statements may be obtained from 3000a Parkway, Whiteley, Fareham, United Kingdom, PO15 7FX.

Page 11

 


PMA (SERVICES) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 12

 


PMA (SERVICES) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.


 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 13

 


PMA (SERVICES) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions
that affect the amounts reported. These estimates and judgements are continually reviewed and are based on
experience and other factors, including expectations of future events that are believed to be reasonable under the
circumstances.


4.


Turnover

An analysis of turnover by class of business is as follows:


2024
2024
£
£

Services
18,192,076
21,951,591

18,192,076
21,951,591


Analysis of turnover by country of destination:

2024
2024
£
£

United Kingdom
18,192,076
21,951,591

18,192,076
21,951,591



5.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors:


2024
2024
£
£

Fees payable to the Company's auditors for the audit of the Company's financial statements
17,000
17,000

Page 14

 


PMA (SERVICES) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Employees

Staff costs were as follows:


2024
2024
£
£

Wages and salaries
384,250
192,930

Social security costs
39,736
20,864

Cost of defined contribution scheme
6,103
2,818

430,089
216,612


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
8
5


7.


Interest receivable

2024
2024
£
£


Other interest receivable
14,941
134,883

14,941
134,883


8.


Interest payable and similar expenses

2024
2024
£
£


Other interest payable
15,081
524

15,081
524


9.


Dividends

2024
2024
£
£


Dividends
2,575,956
-

2,575,956
-

Page 15

 


PMA (SERVICES) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Debtors

2024
2024
£
£


Trade debtors
3,462,525
1,721,725

Amounts owed by group undertakings
3,043,560
1,900,588

Other debtors
345,137
2,132,145

Prepayments and accrued income
29,746
19,336

6,880,968
5,773,794



11.


Creditors: Amounts falling due within one year

2024
2024
£
£

Trade creditors
1,955,528
1,662,203

Amounts owed to group undertakings
1,824,008
6,717,287

Corporation tax
33,921
763,025

Other taxation and social security
71,280
46,203

Other creditors
251,803
361,121

Accruals and deferred income
191,051
619,179

4,327,591
10,169,018


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PMA (SERVICES) LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

12.


Share capital

2024
2024
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100

Each ordinary share has equal voting and dividend rights.



13.


Reserves

Profit and loss account

The profit and loss account represents accumulated profits and losses made by the Company. 


14.


Related party transactions

Under the provisions of Section 33 of Financial Reporting Standard 102, the company is exempt from disclosing transactions with fellow Group Companies.


15.


Controlling party

The ultimate controlling party is Arthur John Capital Limited.
The company is wholly owned subsidiary of PMA Group Limited whose registered office is 3000a, Parkway, Whiteley, Hampshire, PO15 7FX.
The smallest and largest company which prepares consolidated accounts in which these figures are included is PMA Group Limited. The consolidated accounts can be found online at Companies House.
 
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