Company Registration No. 05812985 (England and Wales)
PAMC LIMITED
Unaudited accounts
for the year ended 31 May 2023
PAMC LIMITED
Unaudited accounts
Contents
PAMC LIMITED
Company Information
for the year ended 31 May 2023
Director
Mr Patrick Christian
Company Number
05812985 (England and Wales)
Registered Office
213 EVERSHOLT STREET
LONDON
NW1 1DE
Accountants
Glynn and Co
26 Streatham High Road
Streatham
London
SW16 1DB
PAMC LIMITED
Statement of financial position
as at 31 May 2023
Tangible assets
418,032
405,847
Cash at bank and in hand
45,195
252,237
Creditors: amounts falling due within one year
(147,574)
(194,985)
Net current assets
333
161,158
Total assets less current liabilities
418,365
567,005
Creditors: amounts falling due after more than one year
(454,601)
(515,292)
Net (liabilities)/assets
(36,236)
51,713
Called up share capital
100
100
Profit and loss account
(36,336)
51,613
Shareholders' funds
(36,236)
51,713
For the year ending 31 May 2023 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 September 2023 and were signed on its behalf by
Mr Patrick Christian
Director
Company Registration No. 05812985
PAMC LIMITED
Notes to the Accounts
for the year ended 31 May 2023
PAMC LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05812985. The registered office is 213 EVERSHOLT STREET, LONDON, NW1 1DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
381,827
90,207
-
472,034
Additions
-
16,246
8,008
24,254
At 31 May 2023
381,827
106,453
8,008
496,288
At 1 June 2022
-
66,187
-
66,187
Charge for the year
-
10,067
2,002
12,069
At 31 May 2023
-
76,254
2,002
78,256
At 31 May 2023
381,827
30,199
6,006
418,032
At 31 May 2022
381,827
24,020
-
405,847
PAMC LIMITED
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
19,488
16,131
Accrued income and prepayments
1,082
17,154
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
124,980
172,982
Taxes and social security
15,192
8,101
Loans from directors
6,342
12,342
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
454,601
515,292
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Average number of employees
During the year the average number of employees was 7 (2022: 7).