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 07505365 Mr Patrick Durkan Mr Mark Durkan true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07505365 2024-01-31 07505365 2025-01-31 07505365 2024-02-01 2025-01-31 07505365 frs-core:CurrentFinancialInstruments 2025-01-31 07505365 frs-core:PlantMachinery 2025-01-31 07505365 frs-core:PlantMachinery 2024-02-01 2025-01-31 07505365 frs-core:PlantMachinery 2024-01-31 07505365 frs-core:ShareCapital 2025-01-31 07505365 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 07505365 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 07505365 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 07505365 frs-bus:SmallEntities 2024-02-01 2025-01-31 07505365 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 07505365 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 07505365 1 2024-02-01 2025-01-31 07505365 frs-bus:Director1 2024-02-01 2025-01-31 07505365 frs-bus:Director2 2024-02-01 2025-01-31 07505365 frs-countries:EnglandWales 2024-02-01 2025-01-31 07505365 2023-01-31 07505365 2024-01-31 07505365 2023-02-01 2024-01-31 07505365 frs-core:CurrentFinancialInstruments 2024-01-31 07505365 frs-core:ShareCapital 2024-01-31 07505365 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
PNM Electrical Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
D & K Accountancy Services
Solar House
915 High Road
London
N12 8QJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 07505365
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,639 4,852
3,639 4,852
CURRENT ASSETS
Debtors 5 143 -
Cash at bank and in hand 25,374 93,877
25,517 93,877
Creditors: Amounts Falling Due Within One Year 6 (7,814 ) (25,128 )
NET CURRENT ASSETS (LIABILITIES) 17,703 68,749
TOTAL ASSETS LESS CURRENT LIABILITIES 21,342 73,601
NET ASSETS 21,342 73,601
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 21,340 73,599
SHAREHOLDERS' FUNDS 21,342 73,601
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 Patrick Durkan
Director
28/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
PNM Electrical Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07505365 . The registered office is 32 Montgomery Road, Edgware, London, HA8 6NT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Plant & Machinery 25% reducing balance
2.4. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also 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:
2025 2024
Office and administration 1 2
1 2
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4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 February 2024 20,335
As at 31 January 2025 20,335
Depreciation
As at 1 February 2024 15,483
Provided during the period 1,213
As at 31 January 2025 16,696
Net Book Value
As at 31 January 2025 3,639
As at 1 February 2024 4,852
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 143 -
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 4,658
Corporation tax 3,684 9,081
Other taxes and social security 155 904
VAT 1,351 4,997
Accruals and deferred income 2,475 4,150
Directors' loan accounts 149 1,338
7,814 25,128
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
8. Directors Advances, Credits and Guarantees
Dividends paid to directors
9. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 66,750 135,375
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Page 4
10. Ultimate Controlling Party Not Known
The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.
Page 4