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REGISTERED NUMBER: 02243727 (England and Wales)















PI Global Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






PI Global Limited (Registered number: 02243727)

Contents of the Financial Statements
for the year ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PI Global Limited

Company Information
for the year ended 31 March 2023







Directors: C J Griffin
D W R Williams





Secretary: C J Griffin





Registered office: c/o Museum of Brands
111-117 Lancaster Road
London
W11 1QT





Registered number: 02243727 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

PI Global Limited (Registered number: 02243727)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 - 6,000
Tangible assets 5 17,743 20,635
Investments 6 11,349 11,353
29,092 37,988

Current assets
Debtors 7 307,687 439,750
Cash at bank and in hand 233,719 225,956
541,406 665,706
Creditors
Amounts falling due within one year 8 310,845 387,601
Net current assets 230,561 278,105
Total assets less current liabilities 259,653 316,093

Creditors
Amounts falling due after more than one
year

9

106,250

134,583
Net assets 153,403 181,510

Capital and reserves
Called up share capital 100 100
Retained earnings 153,303 181,410
Shareholders' funds 153,403 181,510

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 directors acknowledge their 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.

PI Global Limited (Registered number: 02243727)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:





C J Griffin - Director


PI Global Limited (Registered number: 02243727)

Notes to the Financial Statements
for the year ended 31 March 2023


1. Statutory information

PI Global 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.

Going Concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Preparation of consolidated financial statements
The financial statements contain information about PI Global Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically. This disclosure excludes uncertainty over future events and judgement in respect of measuring financial instruments.

Intangible assets are at cost less accumulated amortisation. Amortisation is charged on a straight line basis over the estimated economic life of the assets.

The company's tangible assets are depreciated on a reducing balance over their useful economic lives. Management reviews the appropriateness of assets' useful economic lives at least annually and any changes could affect prospective depreciation rates and asset carrying values.

The company engages in projects which can take more than a year to complete. The directors therefore must make estimations in terms of the level of revenue to recognise within each set of annual financial statements. These calculations are determined by the estimated level of completion on these projects and the expected profitability. Such estimations are by their nature judgemental but are backed by reviews of correspondence and resourcing forecasts performed post year end.

Turnover
Turnover is measured at the fair value of the consideration received or receivable at the completion of set stages, excluding discounts, rebates and VAT.

Goodwill
Goodwill is the difference between amounts paid on the transfer of a business and the fair value of the identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life.

Goodwill is being amortised evenly over its estimated useful life of 5 years

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

Fixtures and fittings - 25% reducing balance

PI Global Limited (Registered number: 02243727)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


2. Accounting policies - continued

Investments in subsidiaries
Investments held as fixed assets are shown at cost less provision for impairment.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 9 (2022 - 10 ) .

4. Intangible fixed assets
Goodwill
£
Cost
At 1 April 2022
and 31 March 2023 30,000
Amortisation
At 1 April 2022 24,000
Amortisation for year 6,000
At 31 March 2023 30,000
Net book value
At 31 March 2023 -
At 31 March 2022 6,000

PI Global Limited (Registered number: 02243727)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


5. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 April 2022 41,951
Additions 3,029
Disposals (806 )
At 31 March 2023 44,174
Depreciation
At 1 April 2022 21,316
Charge for year 5,914
Eliminated on disposal (799 )
At 31 March 2023 26,431
Net book value
At 31 March 2023 17,743
At 31 March 2022 20,635

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 April 2022 11,353
Disposals (4 )
At 31 March 2023 11,349
Net book value
At 31 March 2023 11,349
At 31 March 2022 11,353

7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 213,385 223,973
Amounts owed by group undertakings 31,458 160,369
Other debtors 62,844 55,408
307,687 439,750

PI Global Limited (Registered number: 02243727)

Notes to the Financial Statements - continued
for the year ended 31 March 2023


8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 28,333 28,333
Trade creditors 63,603 63,266
Amounts owed to group undertakings 81,639 212,989
Taxation and social security 18,645 34,670
Other creditors 118,625 48,343
310,845 387,601

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 106,250 134,583

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 21,250