PM Solutions Limited

Contents
	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07182248

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		71,534		78,476

			71,534		78,476
CURRENT ASSETS
Debtors	4	26,738		16,739
Cash at bank and in hand		58,776		47,841

		85,514		64,580
Creditors: Amounts Falling Due Within One Year	5	(102,332 )		(77,083 )

NET CURRENT ASSETS (LIABILITIES)			(16,818 )		(12,503 )

TOTAL ASSETS LESS CURRENT LIABILITIES			54,716		65,973

Creditors: Amounts Falling Due After More Than One Year	6		(36,829 )		(46,111 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(17,884 )		(19,619 )

NET ASSETS			3		243

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			1		241

SHAREHOLDERS' FUNDS			3		243

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PM Solutions Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 Karl Sheffield

Director

20th August 2026

The notes on pages 3 to 6 form part of these financial statements.

1. Accounting Policies

1.1. 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.

1.2. 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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. 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	25% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33% reducing balance

1.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

1.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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PM Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

1.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2 (2025: 2)

3. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2025	43,925	82,161	5,561	8,334	139,981
Additions	10,824	-	2,496	1,111	14,431

As at 31 March 2026	54,749	82,161	8,057	9,445	154,412

Depreciation
As at 1 April 2025	23,447	26,146	3,938	7,974	61,505
Provided during the period	6,045	14,004	870	454	21,373

As at 31 March 2026	29,492	40,150	4,808	8,428	82,878

Net Book Value
As at 31 March 2026	25,257	42,011	3,249	1,017	71,534

As at 1 April 2025	20,478	56,015	1,623	360	78,476

4. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	8,882	16,739
Prepayments and accrued income	655	-
Other debtors	1,119	-
Corporation tax recoverable assets	3,992	-
Other taxes and social security	260	-
Directors' loan accounts	11,830	-

	26,738	16,739

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PM Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	9,267	9,314
Trade creditors	8,689	10,644
Bank loans and overdrafts	-	4,715
Corporation tax	60,380	31,079
Other taxes and social security	-	396
VAT	18,319	19,280
Net wages	1,240	1,248
Other creditors	4,433	-
Directors' loan accounts	4	407

	102,332	77,083

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

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	36,829	46,111

	36,829	46,111

7. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The maturity of these amounts is as follows:
Within one year	9,267	9,314
Between one and five years	36,829	46,111

	46,096	55,425

	46,096	55,425

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	2	2

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2026
	£	£	£	£	£
Mr Karl Sheffield	-	11,830	-	-	11,830

The above loan is unsecured, interest free and repayable on demand.

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PM Solutions Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. General Information

PM Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07182248 . The registered office is C/O Eclipse Accountancy Ltd, Fareham Innovation Centre, Merlin House, 4 Meteor Way, Lee-on-the-Solent, Hampshire, PO13 9FU.

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