3922349 false steel fabricators and engineers 2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/2024-04-30 http://www.companieshouse.gov.uk/cd:CompanySecretary1 2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/pt:ShareCapital 2024-04-30 http://www.companieshouse.gov.uk/cd:Director1 2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/pt:ShareCapital 2025-04-30 http://www.companieshouse.gov.uk/cd:Director2 2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/cd:RegisteredOffice 2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2025-04-30 http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments 2024-04-30 http://www.companieshouse.gov.uk/2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/2024-04-30 http://www.companieshouse.gov.uk/cd:FRS102 2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/2025-04-30 http://www.companieshouse.gov.uk/cd:FullAccounts 2024-05-01 2025-04-30 http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 3922349
PMS Fabrications Limited
ACCOUNTS
FOR THE YEAR ENDED 30/04/2025
Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

PMS Fabrications Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2025
DIRECTORS
K G Potter
D J Musgrave
SECRETARY
D J Musgrave
REGISTERED OFFICE
6 Brunswick Street
Carlisle
CA1 1PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 3922349
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

PMS Fabrications Limited

ACCOUNTS
FOR THE YEAR ENDED 30/04/2025
CONTENTS |  |
|  | Page
Directors' Report |  | -
Accountants' Report |  | -
Statement Of Comprehensive Income |  | -
Balance Sheet |  | 3
Notes To The Accounts |  | 4
The following do not form part of the statutory financial statements: |  |
Trading And Profit And Loss Account |  | -
Profit And Loss Account Summaries |  | -

PMS Fabrications Limited

BALANCE SHEET AT 30/04/2025
|  |  |  |  |  | 2025 |  |  |  | 2024
|  | Notes |  |  |  | £ |  |  |  | £
FIXED ASSETS |  |  |  |  |  |  |  |  |  |
Tangible assets |  | 2 |  |  |  | 780,594 |  |  |  | 800,627
CURRENT ASSETS |  |  |  |  |  |  |  |  |  |
Stock |  |  |  | 635,379 |  |  |  | 681,700 |  |
Debtors |  | 3 |  | 4,174,075 |  |  |  | 3,217,690 |  |
Cash at bank and in hand |  |  |  | 568,639 |  |  |  | 915,373 |  |
|  |  |  | 5,378,093 |  |  |  | 4,814,763 |  |
CREDITORS: Amounts falling due within one year |  | 4 |  | 1,348,573 |  |  |  | 1,552,235 |  |
NET CURRENT ASSETS |  |  |  |  |  | 4,029,520 |  |  |  | 3,262,528
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  |  |  | 4,810,114 |  |  |  | 4,063,155
CREDITORS: Amounts falling due after more than one year |  | 5 |  |  |  | 34,623 |  |  |  | 161,502
PROVISIONS FOR LIABILITIES AND CHARGES |  |  |  |  |  | 124,563 |  |  |  | 124,377
NET ASSETS |  |  |  |  |  | 4,650,928 |  |  |  | 3,777,276
CAPITAL AND RESERVES |  |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  |  | 100 |  |  |  | 100
Profit and loss account |  |  |  |  |  | 4,650,828 |  |  |  | 3,777,176
SHAREHOLDERS' FUNDS |  |  |  |  |  | 4,650,928 |  |  |  | 3,777,276
For the year ending 30/04/2025 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/09/2025 and signed on their behalf by |  |  |  |  |  |  |  |  |  |
............................. |  |  |  |  |  |  |  |  |  |
K G Potter |  |  |  |  |  |  |  |  |  |
Director |  |  |  |  |  |  |  |  |  |

PMS Fabrications Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/04/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention and FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the disclosure and presentation requirements of section 1A applicable to small companies.

1b. Depreciation |  |
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Property Improvements |  | straight line 4%
Plant and Equipment |  | reducing balance 25%
Motor Vehicles |  | reducing balance 25%

1c. Stocks
Stock is valued at the lower of cost and net estimated selling price less selling costs. Cost is based on a weighted average purchase price.
Work in progress includes a relevant proportion of overheads according to the stage of completion.

1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain.

1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

PMS Fabrications Limited

1g. Leases
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The related obligations, net of future finance charges, are included in creditors. The interest element of payments is charged to the profit and loss account over the period of the lease.
All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

2. TANGIBLE FIXED ASSETS |  |  |  |  |  |  |  |
|  | Property |  | Plant and |  |  |  |
|  | Improvements |  | Equipment |  | Motor Vehicles |  | Total
|  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |
At 01/05/2024 |  | 381,684 |  | 1,753,733 |  | 409,649 |  | 2,545,066
Additions |  | 15,961 |  | 99,437 |  | 65,046 |  | 180,444
Disposals |  | - |  | (69,638) |  | (5,750) |  | (75,388)
At 30/04/2025 |  | 397,645 |  | 1,783,532 |  | 468,945 |  | 2,650,122
Depreciation |  |  |  |  |  |  |  |
At 01/05/2024 |  | 154,468 |  | 1,305,758 |  | 284,213 |  | 1,744,439
Disposals |  | - |  | (68,980) |  | (5,426) |  | (74,406)
For the year |  | 15,267 |  | 136,689 |  | 47,539 |  | 199,495
At 30/04/2025 |  | 169,735 |  | 1,373,467 |  | 326,326 |  | 1,869,528
Net Book Amounts |  |  |  |  |  |  |  |
At 30/04/2025 |  | 227,910 |  | 410,065 |  | 142,619 |  | 780,594
At 30/04/2024 |  | 227,216 |  | 447,975 |  | 125,436 |  | 800,627

3. DEBTORS |  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amounts falling due within one year |  |  |  |  |  |
Trade debtors |  |  |  | 1,860,506 |  | 1,535,942
Other debtors |  |  |  | 2,208,134 |  | 1,605,142
Prepayments |  |  |  | 2,960 |  | -
Directors current account - D J Musgrave |  |  |  | 16,039 |  | 14,529
Directors current account - K G Potter |  |  |  | 86,436 |  | 62,077
|  |  |  | 4,174,075 |  | 3,217,690

PMS Fabrications Limited

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
UK corporation tax |  |  |  | 343,701 |  | 273,227
VAT |  |  |  | 81,770 |  | 163,219
Other tax and social security creditors |  |  |  | 2,819 |  | 3,029
Hire purchase |  |  |  | 126,882 |  | 165,057
Trade creditors |  |  |  | 715,059 |  | 919,843
Other creditors |  |  |  | 68,392 |  | 19,360
Accruals |  |  |  | 9,950 |  | 8,500
|  |  |  | 1,348,573 |  | 1,552,235

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Hire purchase >1yr |  |  |  | 34,623 |  | 161,502
|  |  |  | 34,623 |  | 161,502

6. SECURED CREDITORS |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | £ |  | £
Amount of other creditors which are secured |  |  |  | 161,505 |  | 326,559
Hire purchase creditors are secured on the assets to which the liabilities relate.

7. EMPLOYEES |  |  |  |  |  |
|  |  |  | 2025 |  | 2024
|  |  |  | No. |  | No.
Average number of employees |  |  |  | - |  | 36

PMS Fabrications Limited

8. RELATED PARTY TRANSACTIONS
The company occupies property owned by a director for which no rent is paid (2024 - Same).
During the year total dividends of £140,000 were paid to the directors and members with a participating interest (2024 - £130,000). During the year no salary was paid to the directors (2024 - £6,822 to a certain director).
At the balance sheet date total loans of £102,475 were owed by the directors to the company (2024 - £76,606). The loans are interest free, unsecured and repayable on demand.

9. GUARANTEES AND OTHER FINANCIAL COMMITMENTS
Total amount of commitments, guarantees and contingencies at the balance sheet date was £108,150.

10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England and Wales.
The company's registered number is 3922349.
The company's registered office is 6 Brunswick Street, Carlisle CA1 1PN.

11. TRANSACTIONS WITH DIRECTORS
At 1 May 2024 a loan of £14,529 was owed by a diirector which was repaid in full. Further advances of £16,039 were made to that director which remain outstanding at the balance sheet date.
Futhermore, at 1 May 2024 £62,077 was owed to the company by another director which was repaid in full. Further advances of £86,436 were made to that director during the year which remain outstanding at the balance sheet date.
The loans are unsecured, interest free and repayable on demand.