PCM Decorating Services Ltd - Filleted accounts

PCM Decorating Services Ltd
Registered number:		06528832
Statement of Financial Position
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		4,775			6,367

Current assets
Stocks		6,170			8,033
Debtors	4	9,204			8,616
Cash at bank and in hand		57,410			69,727
		72,784			86,376

Creditors: amounts falling due within one year	5	(23,067)			(25,639)

Net current assets			49,717			60,737

Total assets less current liabilities			54,492			67,104


Provisions for liabilities			(907)			(1,210)


Net assets			53,585			65,894

Capital and reserves
Called up share capital			100			100
Profit and loss account			53,485			65,794

Shareholder's funds			53,585			65,894

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




PC Marshall
Director
Approved by the board on 11 September 2025

PCM Decorating Services Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% reducing balance
	Leasehold fit-outs	Over 5 years

	Inventories
	Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.



2	Employees and directors			2025		2024
Number					Number

	Average number of directors and persons employed by the company			8		7


3	Tangible fixed assets
		Plant and machinery etc		Leasehold fit outs		Total
£			£		£
	Cost
	At 1 April 2024	23,311		12,368		35,679
	At 31 March 2025	23,311		12,368		35,679

	Depreciation
	At 1 April 2024	16,944		12,368		29,312
	Charge for the year	1,592		-		1,592
	At 31 March 2025	18,536		12,368		30,904

	Net book value
	At 31 March 2025	4,775		-		4,775
	At 31 March 2024	6,367		-		6,367




4	Debtors			2025		2024
£					£

	Prepayments			1,608		772
	Other debtors			7,596		7,844
				9,204		8,616


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			15,263		15,498
	Accruals			1,424		1,405
	Corporation tax			1,733		3,496
	Other taxes and social security costs			4,572		5,159
	Other creditors			75		81
				23,067		25,639


6	Other information

	PCM Decorating Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	364 High Street
	Aldershot
	Hampshire
	GU12 4LU