REGISTERED NUMBER: 01397880 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Prefabricated Access Suppliers'

and Manufacturers' Association Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Bennett

G R Rutter

R K Fairfield

S J Booker

C S Wright

SECRETARY:

P Bennett

REGISTERED OFFICE:

10 Queen Street Place

London

EC4R 1BE

REGISTERED NUMBER:

01397880 (England and Wales)

SENIOR STATUTORY AUDITOR:

Ian McDougall

AUDITORS:

McDougall Johnstone Limited

Chartered Certified Accountants

Statutory Auditor

280a St Vincent Street

Glasgow

G2 5RL

FIXED ASSETS

Intangible assets

4

69,844

65,959

Tangible assets

5

497,512

528,054

Investments

6

100

100

567,456

594,113

CURRENT ASSETS

Stocks

13,972

28,429

Debtors

813,024

849,861

Cash at bank and in hand

1,844,951

1,777,370

2,671,947

2,655,660

CREDITORS

Amounts falling due within one year

(199,226

)

(214,274

)

NET CURRENT ASSETS

2,472,721

2,441,386

TOTAL ASSETS LESS CURRENT LIABILITIES

3,040,177

3,035,499

CREDITORS

Amounts falling due after more than one year

(7,489

)

(16,637

)

NET ASSETS

3,032,688

3,018,862

RESERVES

Income and expenditure account

3,032,688

3,018,862

3,032,688

3,018,862

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 September 2025 and were signed on its behalf by:

P Bennett - Director

1.	STATUTORY INFORMATION

Prefabricated Access Suppliers' and Manufacturers' Association Ltd is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of 4 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold Property - 2% Straight Line

Office Equipment - 25% Straight Line

Motor Vehicles - 25% Reducing Balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

112,184

Additions

26,752

At 31 December 2024

138,936

AMORTISATION

At 1 January 2024

46,225

Amortisation for year

22,867

At 31 December 2024

69,092

NET BOOK VALUE

At 31 December 2024

69,844

At 31 December 2023

65,959

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2024

1,056,598

Additions

41,396

At 31 December 2024

1,097,994

DEPRECIATION

At 1 January 2024

528,544

Charge for year

71,938

At 31 December 2024

600,482

NET BOOK VALUE

At 31 December 2024

497,512

At 31 December 2023

528,054

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Access Industry Management & Services Ltd

Registered office: England & Wales

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

2024

2023

£

£

Aggregate capital and reserves

(67,518

)

(4,046

)

Loss for the year

(63,472

)

(58,434

)

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian McDougall (Senior Statutory Auditor)

for and on behalf of McDougall Johnstone Limited

8.	RELATED PARTY DISCLOSURES

Directors in Prefabricated Access Suppliers and Manufacturers Association Limited (PASMA), are also directors in The Ladder Association Limited, Access Industry Management and Services Limited (AIMS) and Access Industry Forum (AIF), Test and Research Centre Limited and Test and Research Centre Holdings Limited.

The intercompany loan balances at the year end were as follows: Access Industry Management and Services Limited (AIMS) £164,245 (2023: £144,533). Test and Research Centre Limited £75.000 (2023: £295,078) and Test and Research Centre Holdings Limited £300,000 (2023: £300,000).

During the year, services totalling £645,678 (2023: £14,783) were purchased from the above companies.

During the year, charitable donations of £41,445 (2023: £38,889) were made to No Falls Foundation. A charity of which directors of Prefabricated Access Suppliers and Manufacturers Association Limited (PASMA), are also trustees.