REGISTERED NUMBER: SC337461 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

PMK Construction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K N Docherty

P A Docherty

P O'Brien

SECRETARY:

P O'Brien

REGISTERED OFFICE:

145 St Vincent Street

Glasgow

G2 5JF

REGISTERED NUMBER:

SC337461 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Tangible assets

4

620,636

515,932

CURRENT ASSETS

Debtors

5

1,691,114

977,075

Investments

6

2,147,525

2,028,413

Cash at bank

545,804

1,343,543

4,384,443

4,349,031

CREDITORS

Amounts falling due within one year

7

(86,568

)

(373,749

)

NET CURRENT ASSETS

4,297,875

3,975,282

TOTAL ASSETS LESS CURRENT LIABILITIES

4,918,511

4,491,214

CREDITORS

Amounts falling due after more than one year

8

(18,980

)

(1,111

)

PROVISIONS FOR LIABILITIES

(188,974

)

(82,509

)

NET ASSETS

4,710,557

4,407,594

CAPITAL AND RESERVES

Called up share capital

75

75

Capital redemption reserve

25

25

Fair value reserve

11

110,644

21,310

Retained earnings

4,599,813

4,386,184

SHAREHOLDERS' FUNDS

4,710,557

4,407,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

K N Docherty - Director

1.	STATUTORY INFORMATION

PMK Construction Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised in the balance sheet, and are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charges to the profit and loss account as they are incurred.

Investments

Investments are held at market value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

3,065,057

Additions

432,293

Disposals

(818,578

)

At 31 December 2024

2,678,772

DEPRECIATION

At 1 January 2024

2,549,125

Charge for year

206,875

Eliminated on disposal

(697,864

)

At 31 December 2024

2,058,136

NET BOOK VALUE

At 31 December 2024

620,636

At 31 December 2023

515,932

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

138,144

Additions

93,392

Transfer to ownership

(86,847

)

At 31 December 2024

144,689

DEPRECIATION

At 1 January 2024

79,857

Charge for year

37,918

Transfer to ownership

(47,889

)

At 31 December 2024

69,886

NET BOOK VALUE

At 31 December 2024

74,803

At 31 December 2023

58,287

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

387,416

974,188

Other debtors

1,303,698

2,887

1,691,114

977,075

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Unlisted investments

2,147,525

2,028,413

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

35,538

22,765

Taxation and social security

49,005

349,384

Other creditors

2,025

1,600

86,568

373,749

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts (see note 9)

18,980

1,111

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24

31.12.23

£

£

Net obligations repayable:

Within one year

35,538

22,765

Between one and five years

18,980

1,111

54,518

23,876

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

54,518

23,876

Hire purchase liabilities are secured over the assets to which they relate.

11.

RESERVES

Fair

value

reserve

£

At 1 January 2024

21,310

Fair Value

119,112

Deferred tax

(29,778

)

At 31 December 2024

110,644