Registration number: SC576446

PME (Dundee) Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

PME (Dundee) Ltd

(Registration number: SC576446)
Statement of Financial Position as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	112,897	-
Tangible assets	5	140,848	135,610
		253,745	135,610
Current assets
Debtors	6	1,771,426	1,078,230
Cash at bank and in hand		654,440	225,008
		2,425,866	1,303,238
Creditors: Amounts falling due within one year	7	(1,152,857)	(777,994)
Net current assets		1,273,009	525,244
Total assets less current liabilities		1,526,754	660,854
Creditors: Amounts falling due after more than one year	7	(30,475)	(46,076)
Net assets		1,496,279	614,778
Capital and reserves
Called up share capital		4	4
Retained earnings		1,496,275	614,774
Shareholders' funds		1,496,279	614,778

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 30 June 2026
 

PME (Dundee) Ltd

(Registration number: SC576446)
Statement of Financial Position as at 30 September 2025

......................................... Mr M Hay Director

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
1 Faraday Court
Dryburgh Industrial Estate
Dundee
DD2 3UD
Scotland

These financial statements were authorised for issue by the director on 30 June 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicle	25% reducing balance
Plant & Machinery	20% reducing balance
Office Equipment	25% reducing balance
Fixture & Fittings	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 37 (2024 - 28).

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
Additions acquired separately	115,792	115,792
At 30 September 2025	115,792	115,792
Amortisation
Amortisation charge	2,895	2,895
At 30 September 2025	2,895	2,895
Carrying amount
At 30 September 2025	112,897	112,897

5	Tangible assets

	Plant and machinery £	Motor vehicles  £	Office equipment £	Fixtures and fittings £	Total £
Cost or valuation
At 1 October 2024	15,967	133,268	8,269	29,995	187,499
Additions	7,824	31,218	1,962	-	41,004
At 30 September 2025	23,791	164,486	10,231	29,995	228,503
Depreciation
At 1 October 2024	5,458	23,977	4,845	17,609	51,889
Charge for the year	2,727	30,100	1,081	1,858	35,766
At 30 September 2025	8,185	54,077	5,926	19,467	87,655
Carrying amount
At 30 September 2025	15,606	110,409	4,305	10,528	140,848
At 30 September 2024	10,509	109,291	3,424	12,386	135,610

PME (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		947,726	666,809
Amounts owed by related parties		721,030	289,750
Other debtors		102,670	121,671
		1,771,426	1,078,230

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		19,975	23,049
Trade creditors		377,931	303,981
Amounts owed to Group undertakings and undertakings in which the Company has a participating interest		102,352	-
Taxation and social security		314,355	119,107
Accruals and deferred income		329,869	325,469
Other creditors		8,375	6,388
		1,152,857	777,994

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		30,475	46,076

8

Dividends

		2025		2024
		£		£
Final dividend of £Nil (2024 - £Nil) per ordinary share		-		-