Company Registration No. 07920565 (England and Wales)
PNH International Limited
Unaudited accounts
for the year ended 31 March 2019
PNH International Limited
Statement of financial position
as at 31 March 2019
Intangible assets
3,075
4,100
Tangible assets
5,503
4,404
Cash at bank and in hand
1,032,084
712,366
Creditors: amounts falling due within one year
(78,990)
(110,656)
Net current assets
1,238,966
977,070
Net assets
1,247,544
985,574
Called up share capital
100
100
Profit and loss account
1,247,444
985,474
Shareholders' funds
1,247,544
985,574
For the year ending 31 March 2019 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.
Approved by the Board on 13 December 2019.
Mr S Patel
Director
Company Registration No. 07920565
PNH International Limited
Notes to the Accounts
for the year ended 31 March 2019
PNH International Limited is a private company, limited by shares, registered in England and Wales, registration number 07920565. The registered office is 85 Great Portland Street, First Floor, London , W1W 7LT.
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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:
Fixtures & fittings
15% Reducing Balance Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill, being the amounts paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.
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Intangible fixed assets
Goodwill
PNH International Limited
Notes to the Accounts
for the year ended 31 March 2019
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Tangible fixed assets
Fixtures & fittings
Other debtors
285,872
289,893
Amounts due after more than one year
275,000
275,000
7
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
70,207
64,173
Other creditors
1,256
1,277
Loans from directors
7,527
45,206
8
Average number of employees
During the year the average number of employees was 3 (2018: 1).
