PRM Logistics Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI053684

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		850,734		907,824

			850,734		907,824
CURRENT ASSETS
Debtors	5	286,216		277,519
Cash at bank and in hand		6,833		164,514

		293,049		442,033
Creditors: Amounts Falling Due Within One Year	6	(380,339 )		(472,668 )

NET CURRENT ASSETS (LIABILITIES)			(87,290 )		(30,635 )

TOTAL ASSETS LESS CURRENT LIABILITIES			763,444		877,189

Creditors: Amounts Falling Due After More Than One Year	7		(70,000 )		(190,000 )

NET ASSETS			693,444		687,189

CAPITAL AND RESERVES
Called up share capital	8		10,001		10,001
Profit and Loss Account			683,443		677,188

SHAREHOLDERS' FUNDS			693,444		687,189

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PRM Logistics Ltd

Balance Sheet (continued)

As At 31 December 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Philip Rex Morrow

Director

27 February 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

PRM Logistics Ltd is a private company, limited by shares, incorporated in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities.

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:

Plant & Machinery

20% on cost

2.4. Leasing and Hire Purchase Contracts

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2.5. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.6. 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.

2.7. Pensions

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.

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PRM Logistics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 67 (2024: 64)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2025	1,273,611
Additions	97,440

As at 31 December 2025	1,371,051

Depreciation
As at 1 January 2025	365,787
Provided during the period	154,530

As at 31 December 2025	520,317

Net Book Value
As at 31 December 2025	850,734

As at 1 January 2025	907,824

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	237,025	227,837
Other debtors	49,191	49,682

	286,216	277,519

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	59,091	167,433
Bank loans and overdrafts	133,335	120,000
Other creditors	27,135	54,670
Taxation and social security	160,778	130,565

	380,339	472,668

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	70,000	190,000

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PRM Logistics Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10,001	10,001

9. Related Party Transactions

	Sales to Related Parties £	Purchases from Related Parties £	Interest received £	Management Charges Paid £	Loan Balances owed to/ (by) PRM Logistics Ltd at Year End £	Trade Balances owed to/ (from) PRM Logistics Ltd at Year End £
Transactions with Other Related Parties	2,385,245	496,365	350	97,544	-	(644)

10. Ultimate Controlling Party

The ultimate controlling party is the Director due to his equity shareholding in the parent company.

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