REGISTERED NUMBER: NI024198 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

P.C.M. ENGINEERING SERVICES (BELFAST)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Andrew Callan

Linda Jane Callan

William George McAllister

REGISTERED OFFICE:

Unit 3

40 Duncrue Crescent

Belfast

BT3 9BW

REGISTERED NUMBER:

NI024198 (Northern Ireland)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Q Court

3 Quality Street

Edinburgh

EH4 5BP

FIXED ASSETS

Intangible assets

4

667

626

Tangible assets

5

64,575

78,401

65,242

79,027

CURRENT ASSETS

Stocks

28,500

26,000

Debtors

6

534,936

807,048

Cash at bank and in hand

413,658

308,056

977,094

1,141,104

CREDITORS

Amounts falling due within one year

7

(631,797

)

(783,696

)

NET CURRENT ASSETS

345,297

357,408

TOTAL ASSETS LESS CURRENT LIABILITIES

410,539

436,435

PROVISIONS FOR LIABILITIES

8

(14,120

)

(13,807

)

NET ASSETS

396,419

422,628

CAPITAL AND RESERVES

Called up share capital

5,030

5,030

Retained earnings

391,389

417,598

SHAREHOLDERS' FUNDS

396,419

422,628

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Andrew Callan - Director

1.	STATUTORY INFORMATION

P.C.M. Engineering Services (Belfast) Limited is a private company, limited by shares , registered in Northern Ireland. 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

TURNOVER

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

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax for the design, manufacture and repair of machinery and equipment.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

10% per annum on cost

Plant and machinery

-

15% per annum reducing balance

Fixtures and fittings

-

15% per annum reducing balance

Motor vehicles

-

25% per annum reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS

Stocks are stated 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 stock to its present location and condition. Cost is calculated using the first-in, first-out basis. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

PROVISIONS FOR LIABILITIES

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

IMPAIRMENT

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amplification and any accumulated impairment losses.

Website is being amortisation evenly over its estimated useful life of three years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 November 2024

7,450

Additions

1,000

At 31 October 2025

8,450

AMORTISATION

At 1 November 2024

6,824

Amortisation for year

959

At 31 October 2025

7,783

NET BOOK VALUE

At 31 October 2025

667

At 31 October 2024

626

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 November 2024

63,821

66,269

25,541

78,430

234,061

Additions

-

-

5,289

-

5,289

At 31 October 2025

63,821

66,269

30,830

78,430

239,350

DEPRECIATION

At 1 November 2024

50,057

50,455

17,748

37,400

155,660

Charge for year

6,382

2,372

1,949

8,412

19,115

At 31 October 2025

56,439

52,827

19,697

45,812

174,775

NET BOOK VALUE

At 31 October 2025

7,382

13,442

11,133

32,618

64,575

At 31 October 2024

13,764

15,814

7,793

41,030

78,401

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

469,080

785,084

Other debtors

55,012

-

Prepayments

10,844

21,964

534,936

807,048

Trade debtors are stated after deducting a provision for doubtful debts of £95,555 (2024: £Nil). The provision is based on management's assessment of recoverability of the outstanding balances.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

54,189

Trade creditors

400,079

315,807

Taxation and social security

82,394

106,896

Other creditors

149,324

306,804

631,797

783,696

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

14,120

13,807

Deferred

tax

£

Balance at 1 November 2024

13,807

Provided during year

313

Balance at 31 October 2025

14,120

The provision for deferred taxation is made up of accelerated capital allowances.

9.	RELATED PARTY DISCLOSURES

Included in "Other creditors" is an amount of £126,871 (2024 - £296,865) due to the directors from the company. This loan is interest free and has no fixed terms of repayment.