Caseware UK (AP4) 2024.0.164 2024.0.164 2024-01-01truefalseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02832402 2024-01-01 2024-12-31 02832402 2023-01-01 2023-12-31 02832402 2024-12-31 02832402 2023-12-31 02832402 c:Director2 2024-01-01 2024-12-31 02832402 d:FurnitureFittings 2024-01-01 2024-12-31 02832402 d:OfficeEquipment 2024-01-01 2024-12-31 02832402 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 02832402 d:OtherPropertyPlantEquipment 2024-12-31 02832402 d:OtherPropertyPlantEquipment 2023-12-31 02832402 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02832402 d:CurrentFinancialInstruments 2024-12-31 02832402 d:CurrentFinancialInstruments 2023-12-31 02832402 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02832402 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02832402 d:ShareCapital 2024-12-31 02832402 d:ShareCapital 2023-12-31 02832402 d:RetainedEarningsAccumulatedLosses 2024-12-31 02832402 d:RetainedEarningsAccumulatedLosses 2023-12-31 02832402 c:FRS102 2024-01-01 2024-12-31 02832402 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 02832402 c:FullAccounts 2024-01-01 2024-12-31 02832402 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02832402 d:WithinOneYear 2024-12-31 02832402 d:WithinOneYear 2023-12-31 02832402 d:BetweenOneFiveYears 2024-12-31 02832402 d:BetweenOneFiveYears 2023-12-31 02832402 2 2024-01-01 2024-12-31 02832402 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 02832402










PMG Worldwide Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 December 2024





 
PMG Worldwide Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of PMG Worldwide Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PMG Worldwide Limited for the year ended 31 December 2024 which comprise  the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of PMG Worldwide Limited, as a body, in accordance with the terms of our engagement letter dated 12 March 2024Our work has been undertaken solely to prepare for your approval the financial statements of PMG Worldwide Limited and state those matters that we have agreed to state to the Board of directors of PMG Worldwide Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PMG Worldwide Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that PMG Worldwide Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PMG Worldwide Limited. You consider that PMG Worldwide Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of PMG Worldwide Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
28 July 2025
Page 1

 
PMG Worldwide Limited
Registered number: 02832402

Balance sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible fixed assets
  
638
177

Current assets
  

Debtors: amounts falling due within one year
 5 
64,294
90,932

Cash at bank and in hand
  
196,369
262,141

  
260,663
353,073

Creditors: amounts falling due within one year
 6 
(42,656)
(113,157)

Net current assets
  
 
 
218,007
 
 
239,916

  

Net assets
  
218,645
240,093


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
218,545
239,993

  
218,645
240,093


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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




C O'Neill
Director
Date: 28 July 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PMG Worldwide Limited
 

 
Notes to the financial statements
For the year ended 31 December 2024

1.


General information

PMG Worldwide Limited is a limited liability company incorporated in England.  The address of the registered office is 27 The Maltings, Burgess Hill, West Sussex, RH15 9XF.  

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Page 3

 
PMG Worldwide Limited
 

 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line and reducing balance methods.

Depreciation is provided on the following basis:

Fixtures & fittings
-
33%
reducing balance basis
Office equipment
-
33%
straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

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.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

 
PMG Worldwide Limited
 

 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.10

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 Balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.11

Interest income

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

Page 5

 
PMG Worldwide Limited
 

 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.12

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 balance sheet date in the countries where the company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).


4.


Tangible fixed assets





Other fixed assets

£



Cost 


At 1 January 2024
21,132


Additions
660



At 31 December 2024

21,792



Depreciation


At 1 January 2024
20,955


Charge for the year on owned assets
199



At 31 December 2024

21,154



Net book value



At 31 December 2024
638



At 31 December 2023
177

Page 6

 
PMG Worldwide Limited
 

 
Notes to the financial statements
For the year ended 31 December 2024

5.


Debtors

2024
2023
£
£


Trade debtors
56,654
76,012

Other debtors
3,904
10,633

Prepayments and accrued income
3,736
4,287

64,294
90,932



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
26,217
73,401

Other taxation and social security
2,895
2,679

Other creditors
6,894
11,639

Accruals and deferred income
6,650
25,438

42,656
113,157


There is a fixed charge over the debts of the company and a floating charge over all assets of the company dated 25 April 1994 in support of the duty deferment guarantees.


7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,932 (2023: £1,917). 


8.


Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
13,400
13,400

Later than 1 year and not later than 5 years
9,169
22,569

22,569
35,969

Page 7

 
PMG Worldwide Limited
 

 
Notes to the financial statements
For the year ended 31 December 2024

9.


Related party transactions

Included in other creditors are amounts owing to a director, Mr A O'Neill (deceased), of £1,000 (2023: £2,667).
Directors' remuneration has been paid at market rates on an arms length basis.


10.


Controlling party

The company is under the control of Mrs C O'Neill by virtue of her 100% ownership of the issued shares in the company.


Page 8