P N Agencies Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06545686 (England and Wales)

P N AGENCIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P H Niccolls

REGISTERED OFFICE:

Dipford House, Queens Square

Huddersfield Road

Honley

Holmfirth

West Yorkshire

HD9 6QZ

REGISTERED NUMBER:

06545686 (England and Wales)

ACCOUNTANTS:

STEAD ROBINSON

Dipford House, Queens Square

Huddersfield Road

Honley

Holmfirth

HD9 6QZ

FIXED ASSETS

Intangible assets

4

3,750

4,500

Tangible assets

5

1

1

3,751

4,501

CURRENT ASSETS

Debtors

6

314

287

Cash at bank

133,657

135,310

133,971

135,597

CREDITORS

Amounts falling due within one year

7

145,432

145,686

NET CURRENT LIABILITIES

(11,461

)

(10,089

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,710

)

(5,588

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(7,810

)

(5,688

)

SHAREHOLDERS' FUNDS

(7,710

)

(5,588

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 19 December 2023 and were signed by:

P H Niccolls - Director

1.	STATUTORY INFORMATION

P N Agencies Limited is a private company, limited by shares , registered in England and Wales. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

15% 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 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

15,000

AMORTISATION

At 1 April 2022

10,500

Charge for year

750

At 31 March 2023

11,250

NET BOOK VALUE

At 31 March 2023

3,750

At 31 March 2022

4,500

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2022

and 31 March 2023

200

DEPRECIATION

At 1 April 2022

and 31 March 2023

199

NET BOOK VALUE

At 31 March 2023

1

At 31 March 2022

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

314

287

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other creditors

145,432

145,686