Powder and Material Handling Services - Accounts to registrar (filleted)

REGISTERED NUMBER: 13054518 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

POWDER AND MATERIAL HANDLING SERVICES

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T D Stewardson

D G Drake

L M Gascoyne

M Snell

REGISTERED OFFICE:

Room 73, Wrest House

Wrest Park

Silsoe

Bedford

Bedfordshire

MK45 4HR

REGISTERED NUMBER:

13054518 (England and Wales)

ACCOUNTANTS:

MDG Business Associates Limited

Room 73

Wrest House

Wrest Park

Silsoe

Bedfordshire

MK45 4HR

FIXED ASSETS

Tangible assets

5

30,090

29,396

CURRENT ASSETS

Debtors

6

56,458

26,139

Cash at bank

43,520

90,757

99,978

116,896

CREDITORS

Amounts falling due within one year

7

41,402

66,604

NET CURRENT ASSETS

58,576

50,292

TOTAL ASSETS LESS CURRENT
LIABILITIES

88,666

79,688

CAPITAL AND RESERVES

Called up share capital

9

100

2

Retained earnings

88,566

79,686

SHAREHOLDERS' FUNDS

88,666

79,688

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 26 September 2025 and were signed on its behalf by:

D G Drake - Director

T D Stewardson - Director

1.	STATUTORY INFORMATION

Powder and Material Handling Services Limited is a private company, limited by shares , registered in England and Wales. 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Plant and machinery

-

25% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

15% on reducing balance

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.

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 of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

Cost

At 1 January 2024

2,000

33,832

1,047

36,879

Additions

9,250

-

9,250

At 31 December 2024

11,250

33,832

1,047

46,129

Depreciation

At 1 January 2024

1,258

5,833

392

7,483

Charge for year

1,633

6,766

157

8,556

At 31 December 2024

2,891

12,599

549

16,039

Net book value

At 31 December 2024

8,359

21,233

498

30,090

At 31 December 2023

742

27,999

655

29,396

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

12,992

24,398

Amounts owed by group undertakings

38,045

-

Amounts owed by associates

-

241

Other debtors

5,200

1,500

Prepayments and accrued income

221

-

56,458

26,139

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

20,044

6,819

Tax

11,599

15,082

Social security and other taxes

2,101

1,037

VAT

4,551

17,916

Pension

520

402

Directors' loan accounts

624

-

Accruals and deferred income

1,963

25,348

41,402

66,604

The assets and undertakings of the company are secured by way of a debenture, incorporating a fixed and floating charge, in favour of the bank lender.

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

29,850

21,600

Between one and five years

27,000

5,400

56,850

27,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

2

On 26th February 2024 a further 98 Ordinary shares of £1 each were issued at par, ranking pari-passu in all respects with the existing Ordinary shares in issue.

10.	RELATED PARTY DISCLOSURES

At the year end the company owed an amount of £312 (2023: £Nil) to D G Drake, director. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.

At the year end the company owed an amount of £312 (2023: £Nil) to T D Stewardson, director. No interest has been charged on this balance during the year (2023: £Nil) and there are no set repayment terms.

At the year end the company was owed an amount of £1,700 (2023: £Nil) from M Snell, director. No interest has been charged on this balance during the year (2023: £Nil).

During the year sales of £39,088 (2023: £16,926) and purchases of £8,430 (2023: £15,849) were made by the company in respect of Ingredient Batching Systems Limited, a company under common control. Included within debtors is an amount of £Nil (2023: £241) due from Ingredient Batching Systems Limited. No interest has been charged on this balance during the year and there are no set repayment terms.

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclosure related party transactions within the group.