Accounts



















	P M CONSTRUCTION LTD



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 DECEMBER 2024

	P M CONSTRUCTION LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024


	DIRECTORS

	Mr D Howell
	Mrs M Williams-Howell
	Ms R Harper


	SECRETARY

	Mr D Howell

	REGISTERED OFFICE

	540 Sandy Lane West Thurrock Grays RM20 4BH


	COMPANY REGISTERED NUMBER

	07480265


	BANKERS

	Barclays Bank Plc


	ACCOUNTANTS

	Haartwells Limited
	Chartered Certified Accountants
	25 Park Street West Luton Bedfordshire LU1 3BE

	page 1

	P M CONSTRUCTION LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024




	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-8	Notes to the Financial Statements

	page 2

P M CONSTRUCTION LTD
Company registered number: 07480265
STATEMENT OF FINANCIAL POSITION AT 31 December 2024

	Note	2024		2023
		£	£	£
FIXED ASSETS
Property, plant and equipment	3		28,755	33,407
CURRENT ASSETS
Debtors	4	146,619		123,904
Cash at bank and in hand		199,771		96,063
		346,390		219,967
CREDITORS: Amounts falling due within one year	5	135,969		98,166
NET CURRENT ASSETS			210,421	121,801
TOTAL ASSETS LESS CURRENT LIABILITIES			239,176	155,208

CREDITORS: Amounts falling due after more than one year	6		(6,051)	(15,052)
NET ASSETS			£233,125	£140,156

CAPITAL AND RESERVES
Called up share capital			100	100
Retained earnings			233,025	140,056
SHAREHOLDERS' FUNDS			£233,125	£140,156

	The notes on pages 5-8 form part of these financial statements

	page 3

P M CONSTRUCTION LTD
Company registered number: 07480265
STATEMENT OF FINANCIAL POSITION AT 31 December 2024 (CONT.)

	Note	2024		2023
		£	£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	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: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

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

	The financial statements were approved and authorised for issue by the board of directors on 17 September 2025

	Signed on behalf of the board of directors



	Mr D Howell, Director

	The notes on pages 5-8 form part of these financial statements

	page 4

	P M CONSTRUCTION LTD
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 31 DECEMBER 2024



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	P M Construction ltd is a Private limited company incorporated in England & Wales.

	The company's registered number and registered office address can be found on the Company Information page.

	Basis of accounting

	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" and the Companies Act 2006.
	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.


1e.	Taxation


	Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.


1f.	Plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Vehicles	Reducing balance 20%
	Fixtures and fittings	Reducing balance 20%


1g.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.


1h.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.

	The notes on pages 5-8 form part of these financial statements

	page 5

	P M CONSTRUCTION LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2024



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1i.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.


1j.	Interest bearing borrowings

	All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.


1k.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2024	2023

	Management	2	2
	Adminstration	4	2
		6	4

	The notes on pages 5-8 form part of these financial statements

	page 6

	P M CONSTRUCTION LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2024


3.	PROPERTY, PLANT AND EQUIPMENT
		Plant &
		Machinery	Total
		£	£
	Cost

	At 1 January 2024	123,876	123,876
	Additions other than through business combinations	2,537	2,537

	At 31 December 2024	126,413	126,413

	Depreciation

	At 1 January 2024	90,469	90,469
	For the year	7,189	7,189
	At 31 December 2024	97,658	97,658

	Net Book Amounts

	At 31 December 2024	28,755	28,755
	At 31 December 2023	33,407	33,407



4.	DEBTORS	2024	2023
		£	£
	Trade debtors	3,000	3,000
	Social security and other taxes	141,370	120,904
	Other debtors	2,249	-
		£146,619	£123,904



5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2024	2023
		£	£
	Bank loans and overdrafts	25,966	11,031
	Finance leases and hire purchase contracts	10,567	16,081
	Trade creditors	22,491	30,181
	Corporation tax	74,431	38,914
	Other creditors	2,514	1,959
		£135,969	£98,166

	The notes on pages 5-8 form part of these financial statements

	page 7

	P M CONSTRUCTION LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 DECEMBER 2024



6.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2024	2023
		£	£
	Bank loans and overdrafts	6,051	15,052
		£6,051	£15,052



	Analysis of borrowings:

	Due within five years:
	within 1 year
	bank	25,966	11,031
	leases	10,567	16,081
	within 2-5 years
	bank	6,051	15,052
		£42,584	£42,164

	The notes on pages 5-8 form part of these financial statements

	page 8