REGISTERED NUMBER: 07748911 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025

FOR

PECM SYSTEMS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J S Duffield

REGISTERED OFFICE:

36-40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

REGISTERED NUMBER:

07748911 (England and Wales)

ACCOUNTANTS:

Seaman Herbert & Co

36 - 40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

FIXED ASSETS

Tangible assets

4

453,710

491,294

CURRENT ASSETS

Stocks

5

72,000

67,000

Debtors

6

223,618

109,370

Cash at bank

12

24,361

295,630

200,731

CREDITORS

Amounts falling due within one year

7

158,302

86,536

NET CURRENT ASSETS

137,328

114,195

TOTAL ASSETS LESS CURRENT LIABILITIES

591,038

605,489

CREDITORS

Amounts falling due after more than one year

8

(66,252

)

(89,577

)

PROVISIONS FOR LIABILITIES

9

(79,285

)

(84,907

)

NET ASSETS

445,501

431,005

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

10

320,333

343,448

Retained earnings

125,068

87,457

SHAREHOLDERS' FUNDS

445,501

431,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th May 2026 and were signed by:

J S Duffield - Director

1.	STATUTORY INFORMATION

PECM Systems Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

5% on cost

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stock of materials is valued at the lower of cost and net realisable value.

Long term contracts

Work in Progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Long term contracts are those extending in excess of twelve months and any of a shorter duration which are material to the activity of the period. Attributable profit is recognised, once the outcome of a long term contract can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Immediate provision is made for all foreseeable losses if a contract is assessed as unprofitable.

Long term contract balances represent costs incurred on specific contracts, net of amounts transferred to cost of sales in respect of work recorded as turnover, less all foreseeable losses and payments on account not matched with turnover.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST OR VALUATION

At 1st September 2024

603,018

611

60,243

17,057

680,929

Additions

172

-

-

2,750

2,922

At 31st August 2025

603,190

611

60,243

19,807

683,851

DEPRECIATION

At 1st September 2024

158,468

208

15,447

15,512

189,635

Charge for year

29,998

41

8,959

1,508

40,506

At 31st August 2025

188,466

249

24,406

17,020

230,141

NET BOOK VALUE

At 31st August 2025

414,724

362

35,837

2,787

453,710

At 31st August 2024

444,550

403

44,796

1,545

491,294

Cost or valuation at 31st August 2025 is represented by:

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

Valuation in 2015

326,108

-

-

-

326,108

Valuation in 2024

244,650

-

-

-

244,650

Cost

32,432

611

60,243

19,807

113,093

603,190

611

60,243

19,807

683,851

5.

STOCKS

2025

2024

£

£

Stocks

72,000

67,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

137,618

44,896

Other debtors

2,600

10,587

Prepayments and accrued income

45,108

21,592

Prepayments

38,292

32,295

223,618

109,370

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

46,666

21,683

Hire purchase contracts

3,908

7,816

Trade creditors

41,575

8,928

Tax

8,974

2,937

Social security and other taxes

11,199

14,492

VAT

2,126

467

Other creditors

6,456

4,471

Directors' current accounts

22,271

675

Accrued expenses

15,127

25,067

158,302

86,536

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

17,779

23,067

Bank loans - 2-5 years

14,871

32,908

Hire purchase contracts

33,602

33,602

66,252

89,577

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

79,285

84,907

Deferred

tax

£

Balance at 1st September 2024

84,907

Provided during year

(200

)

Revaluation adjustment

(5,422

)

Balance at 31st August 2025

79,285

10.

RESERVES

Revaluation

reserve

£

At 1st September 2024

343,448

Transfer to reserves

(23,115

)

At 31st August 2025

320,333

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2025 and 31st August 2024:

2025

2024

£

£

J S Duffield

Balance outstanding at start of year

(675

)

9,624

Amounts advanced

10,812

10,109

Amounts repaid

(32,408

)

(20,408

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(22,271

)

(675

)

12.	ULTIMATE CONTROLLING PARTY

The controlling party is J S Duffield.