PMI Commercial Ltd - Filleted accounts

Registered number

09830681

PMI Commercial Ltd

Filleted Accounts

31 October 2025

PMI Commercial Ltd
Registered number:		09830681
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		79,790			52,229

Current assets
Debtors	4	43,536			42,134
Cash at bank and in hand		2,254			20,059
		45,790			62,193

Creditors: amounts falling due within one year	5	(41,213)			(63,251)

Net current assets/(liabilities)			4,577			(1,058)

Total assets less current liabilities			84,367			51,171

Creditors: amounts falling due after more than one year	6		(44,390)			-

Provisions for liabilities			(6,890)			(3,644)

Net assets			33,087			47,527

Capital and reserves
Called up share capital			2			2
Profit and loss account			33,085			47,525

Shareholders' funds			33,087			47,527

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




P. A. Young, Esq
Director
Approved by the board on 30 July 2026

PMI Commercial Ltd
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from services provided and related sale of goods and is recognised on the completion of work done.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Motor vehicles	over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 November 2024	52,477		94,902		147,379
	Additions	6,500		55,087		61,587
	Disposals	-		(62,060)		(62,060)
	At 31 October 2025	58,977		87,929		146,906

	Depreciation
	At 1 November 2024	28,235		66,915		95,150
	Charge for the year	9,884		17,584		27,468
	On disposals	-		(55,502)		(55,502)
	At 31 October 2025	38,119		28,997		67,116

	Net book value
	At 31 October 2025	20,858		58,932		79,790
	At 31 October 2024	24,242		27,987		52,229


4	Debtors			2025		2024
£					£

	Trade debtors			39,203		42,134
	Other debtors			4,333		-
				43,536		42,134


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			11,097		-
	Trade creditors			4,256		5,336
	Taxation and social security costs			12,517		35,314
	Other creditors			13,343		22,601
				41,213		63,251



6	Creditors: amounts falling due after one year			2025		2024
£					£

	Obligations under finance lease and hire purchase contracts			44,390		-

	Included in creditors is £2,418 (2024: £19,976) owing to the directors. The loans are interest-free and there is no fixed date of repayment. The directors have confirmed that the loans will only be repaid as and when cash flow permits.

7	Events after the reporting date

	Following the year-end, the share capital of the company was increased by £200 by the issue of 200 Ordinary shares of 1 pound each.


8	Controlling party

	The company is controlled by the directors who own the entire share capital of the company equally.

9	Other information

	PMI Commercial Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	Devonshire House
	Manor Way
	Borehamwood
	Hertfordshire
	WD6 1QQ