REGISTERED NUMBER: 06838137 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PMW DYNAMICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E C Hunter Smart

C Olsen

REGISTERED OFFICE:

19 Newman Lane

Alton

Hampshire

GU34 2QW

REGISTERED NUMBER:

06838137 (England and Wales)

ACCOUNTANTS:

Landers Accountants Ltd

Church View Chambers

38 Market Square

Toddington

Bedfordshire

LU5 6BS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

59,357

729,943

59,357

729,943

CURRENT ASSETS

Stocks

198,107

162,176

Debtors

6

290,544

4,902,538

Cash at bank

350,504

162,065

839,155

5,226,779

CREDITORS

Amounts falling due within one year

7

425,920

276,967

NET CURRENT ASSETS

413,235

4,949,812

TOTAL ASSETS LESS CURRENT LIABILITIES

472,592

5,679,755

PROVISIONS FOR LIABILITIES

16,097

24,936

NET ASSETS

456,495

5,654,819

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

456,493

5,654,817

456,495

5,654,819

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 and authorised for issue by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

C Olsen - Director

E C Hunter Smart - Director

1.	STATUTORY INFORMATION

PMW Dynamics 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.

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.

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% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 18 (2023 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

168,763

AMORTISATION

At 1 January 2024

and 31 December 2024

168,763

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

749,414

274,342

129,489

46,899

1,200,144

Additions

-

5,468

2,520

-

7,988

Disposals

(749,414

)

-

-

-

(749,414

)

At 31 December 2024

-

279,810

132,009

46,899

458,718

DEPRECIATION

At 1 January 2024

116,910

204,060

125,781

23,450

470,201

Charge for year

-

31,430

2,916

11,724

46,070

Eliminated on disposal

(116,910

)

-

-

-

(116,910

)

At 31 December 2024

-

235,490

128,697

35,174

399,361

NET BOOK VALUE

At 31 December 2024

-

44,320

3,312

11,725

59,357

At 31 December 2023

632,504

70,282

3,708

23,449

729,943

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

222,632

331,613

Amounts owed by group undertakings

-

4,531,720

Other debtors

67,912

39,205

290,544

4,902,538

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

153,228

105,634

Taxation and social security

72,655

103,088

Other creditors

200,037

68,245

425,920

276,967