PNL Agency Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02495245

PNL Agency Limited

Unaudited Financial Statements for the Year Ended 31st December 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Stojcevic

REGISTERED OFFICE:

8 Blandfield Road

London

SW12 8BG

REGISTERED NUMBER:

02495245

ACCOUNTANTS:

The Decimal Place

8 Blandfield Road

London

SW12 8BG

BANKERS:

Lloyds TSB

West Dulwich

London

SE21

FIXED ASSETS

Tangible assets

4

44,521

46,530

CURRENT ASSETS

Debtors

5

520

520

Cash at bank and in hand

4,146

5,665

4,666

6,185

CREDITORS

Amounts falling due within one year

6

170,589

166,668

NET CURRENT LIABILITIES

(165,923

)

(160,483

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(121,402

)

(113,953

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(121,502

)

(114,053

)

SHAREHOLDERS' FUNDS

(121,402

)

(113,953

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27th September 2023 and were signed by:

P Stojcevic - Director

1.	STATUTORY INFORMATION

PNL Agency Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Taxation

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

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1st January 2022

and 31st December 2022

100,405

12,256

45,462

158,123

DEPRECIATION

At 1st January 2022

53,875

12,256

45,462

111,593

Charge for year

2,009

-

-

2,009

At 31st December 2022

55,884

12,256

45,462

113,602

NET BOOK VALUE

At 31st December 2022

44,521

-

-

44,521

At 31st December 2021

46,530

-

-

46,530

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

520

520

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

3,179

3,180

Social security and other taxes

177

177

VAT

142

293

Other creditors

107,370

107,370

Directors' current accounts

59,121

55,048

Accruals and deferred income

600

600

170,589

166,668

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1st January 2022

(114,053

)

Deficit for the year

(7,449

)

At 31st December 2022

(121,502

)