Acorah Software Products - Accounts Production 16.5.460 false true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 04332844 Mr Danny Peck PMS Works Limited School Farm Buildings, School Road Langham, Colchester, Essex, England, CO4 5PB true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04332844 2024-01-31 04332844 2025-01-31 04332844 2024-02-01 2025-01-31 04332844 frs-core:CurrentFinancialInstruments 2025-01-31 04332844 frs-core:Non-currentFinancialInstruments 2025-01-31 04332844 frs-core:FurnitureFittings 2024-02-01 2025-01-31 04332844 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-01-31 04332844 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 04332844 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 04332844 frs-core:MoreThanFiveYears 2025-01-31 04332844 frs-core:MotorVehicles 2024-02-01 2025-01-31 04332844 frs-core:PlantMachinery 2025-01-31 04332844 frs-core:PlantMachinery 2024-02-01 2025-01-31 04332844 frs-core:PlantMachinery 2024-01-31 04332844 frs-core:ShareCapital 2025-01-31 04332844 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 04332844 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 04332844 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 04332844 frs-bus:SmallEntities 2024-02-01 2025-01-31 04332844 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 04332844 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 04332844 1 2024-02-01 2025-01-31 04332844 frs-bus:Director1 2024-02-01 2025-01-31 04332844 frs-bus:Director1 2024-01-31 04332844 frs-bus:Director1 2025-01-31 04332844 frs-countries:EnglandWales 2024-02-01 2025-01-31 04332844 2023-01-31 04332844 2024-01-31 04332844 2023-02-01 2024-01-31 04332844 frs-core:CurrentFinancialInstruments 2024-01-31 04332844 frs-core:Non-currentFinancialInstruments 2024-01-31 04332844 frs-core:MoreThanFiveYears 2024-01-31 04332844 frs-core:ShareCapital 2024-01-31 04332844 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 04332844
Portable Machining Services Limited
Unaudited Financial Statements
For The Year Ended 31 January 2025
Portable Machining Services Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Portable Machining Services Limited
Balance Sheet
As At 31 January 2025
Balance Sheet
Registered number: 04332844

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 274,860 |  | 289,415
|  |  | 274,860 |  | 289,415
CURRENT ASSETS
Stocks | 5 | 3,828 |  | 6,879 |
Debtors | 6 | 111,052 |  | 115,768 |
Cash at bank and in hand |  | 22,703 |  | 27,906 |
|  | 137,583 |  | 150,553 |
Creditors: Amounts Falling Due Within One Year | 7 | (201,989 ) |  | (216,146 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (64,406 ) |  | (65,593 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 210,454 |  | 223,822
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (106,467 ) |  | (136,389 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (12,265 ) |  | (14,751 )
NET ASSETS |  |  | 91,722 |  | 72,682
CAPITAL AND RESERVES
Called up share capital | 10 |  | 12 |  | 12
Profit and Loss Account |  |  | 91,710 |  | 72,670
SHAREHOLDERS' FUNDS |  |  | 91,722 |  | 72,682

Page 1
Page 2
Portable Machining Services Limited
Balance Sheet (continued)
As At 31 January 2025
For the year ending 31 January 2025 the company was entitled to exemption from audit 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Danny Peck Director
17th October 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Portable Machining Services Limited
Notes to the Financial Statements
For The Year Ended 31 January 2025
Notes to the Financial Statements
1. General Information
Portable Machining Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04332844 . The registered office is School Farm Buildings, School Road Langham, Colchester, Essex, CO4 5PB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold | 2% Reducing balance
Plant & Machinery | 15% Reducing balance
Motor Vehicles | 15% Reducing balance
Fixtures & Fittings | 20% Reducing balance

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
Page 3
Page 4
Portable Machining Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 7 (2024: 6)
7 6
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Total
| £ | £ | £
Cost
As at 1 February 2024 | 244,806 | 175,466 | 420,272
Additions | - | 8,499 | 8,499
Disposals | - | (49,890 ) | (49,890 )
As at 31 January 2025 | 244,806 | 134,075 | 378,881
Depreciation
As at 1 February 2024 | 14,396 | 116,461 | 130,857

...CONTINUED
Page 4
Page 5
Portable Machining Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025

Provided during the period | 4,608 | 9,038 | 13,646
Disposals | - | (40,482 ) | (40,482 )
As at 31 January 2025 | 19,004 | 85,017 | 104,021
Net Book Value
As at 31 January 2025 | 225,802 | 49,058 | 274,860
As at 1 February 2024 | 230,410 | 59,005 | 289,415

5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 3,828 |  | 6,879

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 93,284 |  | 115,215
Other debtors | 17,768 |  | 553
| 111,052 |  | 115,768

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 7,173 |  | 16,282
Bank loans and overdrafts | 116,957 |  | 141,229
Other creditors | 10,824 |  | 20,797
Taxation and social security | 67,035 |  | 37,838
| 201,989 |  | 216,146

Fixed and floating charges are held dated 21 December 2015 in favour of Lloyds Bank Commercial Finance Limited over all the property or undertaking of the company.
Fixed and floating charges are held dated 11 May 2015 in favour of Lloyds Bank PLC over Land and Buildings on south side of school road Langham, Colchester, Essex.
Fixed and floating charges are held dated 21 March 2015 in favour of Lloyds Bank PLC over all the property or undertaking of the company.
Page 5
Page 6
Portable Machining Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 10,264 |  | 15,169
Bank loans | 96,203 |  | 121,220
| 106,467 |  | 136,389

Fixed and floating charges are held dated 21 December 2015 in favour of Lloyds Bank Commercial Finance Limited over all the property or undertaking of the company.
Fixed and floating charges are held dated 11 May 2015 in favour of Lloyds Bank PLC over Land and Buildings on south side of school road Langham, Colchester, Essex.
Fixed and floating charges are held dated 21 March 2015 in favour of Lloyds Bank PLC over all the property or undertaking of the company.
9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Later than five years | 10,264 |  | 15,169

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 12 |  | 12

11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 February 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Danny Peck | - | 15,344 | 2,742 | - | 12,602

The above loan is unsecured, repayable on demand and interest is payable at the HM Revenue & Customs rates.
12. Related Party Transactions
The company’s parent undertaking and controlling party is PMS Works Limited, which owns 100% of the issued share capital of the company.
At 31 January 2025, the company was owed £913 by PMS Works Limited.
The balance is unsecured, interest-free, and repayable on demand.
During the year, the company also paid £41,858 to PMS Works Limited in respect of dividends declared.
Page 6
Page 7
Portable Machining Services Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 January 2025
13. Ultimate Controlling Party
The company's ultimate controlling party is PMS Works Limited by virtue of the ownership of 100% of the issued share capital in the company.
Page 7