PMG (Notts) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05882928

PMG (Notts) Limited

Filleted Unaudited Abridged Financial Statements

31 July 2025

PMG (Notts) Limited

Abridged Financial Statements

Year Ended 31 July 2025

Contents	Pages

Abridged statement of financial position	1 to 2

Notes to the abridged financial statements	3 to 5

PMG (Notts) Limited

Abridged Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed Assets

Tangible assets	5	13,454	18,473

Current Assets

Stocks	1,031,408	1,043,570
Debtors	52,150	50,150
Cash at bank and in hand	287,396	96,739
	------------	------------
	1,370,954	1,190,459

Creditors: amounts falling due within one year	795,851	819,769
	------------	------------
Net Current Assets	575,103	370,690
	---------	---------
Total Assets Less Current Liabilities	588,557	389,163

Creditors: amounts falling due after more than one year	302,918	139,042

Provisions

Taxation including deferred tax	2,556	3,510
	---------	---------
Net Assets	283,083	246,611
	---------	---------

Capital and Reserves

Called up share capital	7	100	100
Profit and loss account		282,983	246,511
		---------	---------
Shareholders Funds		283,083	246,611
		---------	---------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

PMG (Notts) Limited

Abridged Statement of Financial Position (continued)

31 July 2025

These abridged financial statements were approved by the board of directors and authorised for issue on 29 April 2026 , and are signed on behalf of the board by:

Mr R Simpson

Director

Company registration number: 05882928

PMG (Notts) Limited

Notes to the Abridged Financial Statements

Year Ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 Mansfield Road, Edwinstowe, Mansfield, Nottinghamshire, NG21 9NJ.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.

Revenue recognition

The turnover shown in the profit and loss account represents amounts earned during the year, exclusive of Value Added Tax.

Income tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Improvements	-	20% Straight line
Fixtures, Fittings & Equipment	-	25% Reducing balance / 33% Straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 10 ).

5. Tangible assets

	£
Cost
At 1 August 2024 and 31 July 2025	158,673
	---------
Depreciation
At 1 August 2024	140,200
Charge for the year	5,019
	---------
At 31 July 2025	145,219
	---------
Carrying amount
At 31 July 2025	13,454
	---------
At 31 July 2024	18,473
	---------

6. Securitised liabilities

Included within creditors is £336,986 (2024: £348,155), which is secured by the retention of title to the vehicles the finance was used to purchase and guarantees given by the directors.

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Directors' advances, credits and guarantees

There are no directors' advances, credits or guarantees that require disclosure.