PRM Haulage Ltd

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

Registered number: NI613899

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Stocks	4	7,285		-
Debtors	5	697,426		789,714
Cash at bank and in hand		920,171		838,827

		1,624,882		1,628,541
Creditors: Amounts Falling Due Within One Year	6	(842,718 )		(1,025,906 )

NET CURRENT ASSETS (LIABILITIES)			782,164		602,635

TOTAL ASSETS LESS CURRENT LIABILITIES			782,164		602,635

NET ASSETS			782,164		602,635

CAPITAL AND RESERVES
Called up share capital	7		10,001		10,001
Profit and Loss Account			772,163		592,634

SHAREHOLDERS' FUNDS			782,164		602,635

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

16 April 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

PRM Haulage 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. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.4. 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.

2.5. 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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 34 (2024: 4)

4. Stocks

	2025	2024
	£	£
Stock	7,285	-

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PRM Haulage Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	653,162	668,489
Other debtors	44,264	121,225

	697,426	789,714

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	379,002	270,240
Bank loans and overdrafts	367,034	347,777
Other creditors	44,689	378,531
Taxation and social security	51,993	29,358

	842,718	1,025,906

7. Share Capital

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

8. Related Party Transactions

	Sales to Related Parties £	Purchases from Related Parties £	Other Services from Related Parties £	Loan Balances owed to/ (by) PRM Haulage Ltd at Year End £	Trade Balances owed to/ (by) PRM Haulage Ltd at Year End £
Transactions with Other Related Parties	4,751,999	2,032,920	73,795	6,250	(959)

9. Ultimate Controlling Party

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

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