Registration number: 04775580

PMG Services (Bristol) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 10

PMG Services (Bristol) Limited

Company Information

Directors

Bernadette McGuinness Patrick McGuinness

Registered office

Unit 1 Church Lane Severn Beach Bristol BS35 4NU

Auditors

Hazlewoods LLP Staverton Court Staverton Cheltenham GL51 0UX

PMG Services (Bristol) Limited

(Registration number: 04775580)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	-
Tangible assets	5	5,850,852	4,139,180
		5,850,852	4,139,180
Current assets
Stocks		15,440	9,798
Debtors	6	8,221,344	4,317,263
Cash at bank and in hand		1,144,466	5,241,682
		9,381,250	9,568,743
Creditors: Amounts falling due within one year	7	(1,266,264)	(1,317,991)
Net current assets		8,114,986	8,250,752
Total assets less current liabilities		13,965,838	12,389,932
Deferred tax liabilities		(853,551)	(796,081)
Net assets		13,112,287	11,593,851
Capital and reserves
Called up share capital	9	100	100
Retained earnings		13,112,187	11,593,751
Shareholders' funds		13,112,287	11,593,851

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 October 2025 and signed on its behalf by:
 

Bernadette McGuinness
Director

PMG Services (Bristol) Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 1 Church Lane
Severn Beach
Bristol
BS35 4NU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of PMG Group SW Ltd.

The financial statements of PMG Group SW Ltd may be obtained from the company's registered office.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Reclassification of comparative amounts

Equipment hire has been reclassified from a distribution expense to a direct cost of sale in the prior year, to enable comparability with the current year reporting. The adjustment has made no impact on the prior year results nor reserves brought forward.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
 

Judgements

No significant judgements have been made by management in preparing these financial statements.

PMG Services (Bristol) Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

2

Accounting policies (continued)

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and assets under construction over their estimated useful lives, as follows

Asset class	Depreciation method and rate
Motor vehicles	10% on cost
Plant and machinery	10% on cost
Fixtures and fittings	20% on reducing balance

Goodwill

Goodwill relates to the acquisition of a business in 2003 and is amortised over its useful life, which is estimated to be 10 years.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

PMG Services (Bristol) Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

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.

Dividends

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

PMG Services (Bristol) Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

2

Accounting policies (continued)

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

PMG Services (Bristol) Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 49 (2024 - 46).

4

Intangible assets

	Goodwill  £
Cost
At 1 June 2024	80,000
At 31 May 2025	80,000
Amortisation
At 1 June 2024	80,000
At 31 May 2025	80,000
Carrying amount
At 31 May 2025	-
At 31 May 2024	-

PMG Services (Bristol) Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

5

Tangible assets

	Fixtures and fittings  £	Motor vehicles  £	Assets under construction  £	Plant and machinery  £	Total £
Cost
At 1 June 2024	76,830	7,513,446	762,483	1,241,565	9,594,324
Additions	24,406	345,197	1,907,754	171,946	2,449,303
Disposals	-	(650,967)	-	(664,615)	(1,315,582)
Transfers	-	-	(2,670,237)	2,670,237	-
At 31 May 2025	101,236	7,207,676	-	3,419,133	10,728,045
Depreciation
At 1 June 2024	55,129	4,337,996	-	1,062,019	5,455,144
Charge for the year	5,180	538,374	-	107,528	651,082
Eliminated on disposal	-	(648,209)	-	(580,824)	(1,229,033)
At 31 May 2025	60,309	4,228,161	-	588,723	4,877,193
Carrying amount
At 31 May 2025	40,927	2,979,515	-	2,830,410	5,850,852
At 31 May 2024	21,701	3,175,450	762,483	179,546	4,139,180

6

Debtors

	2025 £	2024 £
Trade debtors	1,595,216	1,298,756
Receivables from related parties	6,449,176	2,791,457
Prepayments and accrued income	166,708	227,050
Other debtors	10,244	-
	8,221,344	4,317,263

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	99,996	70,721
Trade creditors		397,783	393,154
Taxation and social security		653,704	743,852
Accruals and deferred income		69,552	87,011
Other creditors		45,229	23,253
		1,266,264	1,317,991

PMG Services (Bristol) Limited

Notes to the Financial Statements for the Year Ended 31 May 2025

8

Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	5,504
Other borrowings	99,996	65,217
	99,996	70,721