Company No:
Contents
| DIRECTOR | M H Flack |
| SECRETARY | S C Flack |
| REGISTERED OFFICE | 6 Upper Mulgrave Road |
| Cheam | |
| Sutton | |
| England | |
| SM2 7AZ | |
| United Kingdom |
| COMPANY NUMBER | 06246627 (England and Wales) |
| ACCOUNTANT | Shaw Gibbs Limited |
| Salatin House | |
| 19 Cedar Road | |
| Sutton | |
| SM2 5DA |
The director presents his report and the financial statements for the year ended 30 September 2024.
PRINCIPAL ACTIVITIES
GOING CONCERN
Small companies provision statement
The director has taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the
director's report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.
DIRECTOR
The director, who served during the financial year and to the date of this report except as noted, was as follows:
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Approved and signed by:
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M H Flack
Director |
| 30.09.2024 | 30.09.2023 | |||
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| Gross profit |
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| Administrative expenses | (
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| Operating profit |
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| Interest receivable and similar income |
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| Interest payable and similar expenses | (
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| Profit before taxation |
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| Tax on profit | (
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| Profit for the financial year |
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| 30.09.2024 | 30.09.2023 | |||
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| Profit for the financial year |
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| Other comprehensive income | 0 | 0 | ||
| Total comprehensive income for the financial year |
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| 30.09.2024 | 30.09.2023 | |||
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| Fixed assets | ||||
| Tangible assets |
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| 169 | 954 | |||
| Current assets | ||||
| Debtors |
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| Cash at bank and in hand |
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| 252,787 | 164,179 | |||
| Creditors: amounts falling due within one year | (
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| Net current assets | 38,874 | 45,065 | ||
| Total assets less current liabilities | 39,043 | 46,019 | ||
| Creditors: amounts falling due after more than one year | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital |
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| Profit and loss account |
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| Total shareholder's funds |
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Director's responsibilities:
The financial statements of P.A.M Developments (SE) Ltd (registered number:
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M H Flack
Director |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
P.A.M Developments (SE) Ltd (the Company) is a private company, limited by shares, registered in England and Wales under the Companies Act. The address of the registered office is given on page1. The nature of the company’s operations and its principal activities are set out in the directors' report on page 2.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus she continues to adopt the going concern basis in preparing the annual financial statements.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pounds sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pounds sterling (£).
There were no key sources of estimation uncertainties or critical judgements made by the directors in the process of applying the company’s accounting policies with significant effect on the amounts
recognised in the financial statements.
Revenue comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities and is net of Value Added Tax.
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is
also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents comprise cash at bank on hand and call deposits.
Stocks are valued at the lower of cost and estimated selling price, after making due allowance for obsolete and slow moving items.
Payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
The following advance and credit to a director subsisted during the year ended 30 September 2024.
Matthew Flack is a director and shareholder of the company, The company provided loan finance to Matthew brought forward amounting to £87,387. The company provided additional loan amounting to £27,663.46. The closing balance as at 30 September 2024, £115,051.
Matthew Flack is a director/shareholder of both the company and Northey Construction Consultants Ltd. A loan to Northey brought forward amounted to £1,918.
Matthew Flack is a director of both the company and Sandy Lane Projects Ltd, the company provided loan finance to Sandy Lane Projects brought forward amounting to £24,900 and repayments during the year amounting to £15,400 making the balance as at 30 September 2024 of £9,500.
The ultimate controlling party is Matthew Flack.
| 30.09.2024 | 30.09.2023 | ||
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| Monthly average number of persons employed by the Company during the year, including the director |
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