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REGISTERED NUMBER: NI045638 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 March 2023

for

PENTAGON SOLUTIONS (NI) LIMITED

PENTAGON SOLUTIONS (NI) LIMITED (REGISTERED NUMBER: NI045638)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PENTAGON SOLUTIONS (NI) LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr D Gawley
Mr B Greene
Mr C McVicker
Mr E Morgan





SECRETARY: Mr B Greene





REGISTERED OFFICE: Suite 3 Teal Pavilion
Portside Business Park
189 Airport Road West
Belfast
BT3 9ED





REGISTERED NUMBER: NI045638 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

PENTAGON SOLUTIONS (NI) LIMITED (REGISTERED NUMBER: NI045638)

Abridged Balance Sheet
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,782 7,240
Tangible assets 5 616,205 610,826
Investments 6 100 100
627,087 618,166

CURRENT ASSETS
Stocks 15,678 34,212
Debtors 391,017 384,760
Cash at bank and in hand 666,357 810,389
1,073,052 1,229,361
CREDITORS
Amounts falling due within one year 1,303,163 1,463,431
NET CURRENT LIABILITIES (230,111 ) (234,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

396,976

384,096

CREDITORS
Amounts falling due after more than one
year

(54,688

)

(75,330

)

PROVISIONS FOR LIABILITIES (5,421 ) (3,854 )
NET ASSETS 336,867 304,912

CAPITAL AND RESERVES
Called up share capital 810 810
Capital redemption reserve 190 190
Retained earnings 335,867 303,912
336,867 304,912

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.

PENTAGON SOLUTIONS (NI) LIMITED (REGISTERED NUMBER: NI045638)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2023 and were signed on its behalf by:





Mr E Morgan - Director


PENTAGON SOLUTIONS (NI) LIMITED (REGISTERED NUMBER: NI045638)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Pentagon Solutions (Ni) Limited is a private company, limited by shares , registered in Northern Ireland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

PENTAGON SOLUTIONS (NI) LIMITED (REGISTERED NUMBER: NI045638)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 42 (2022 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 9,050
Additions 6,690
At 31 March 2023 15,740
AMORTISATION
At 1 April 2022 1,810
Amortisation for year 3,148
At 31 March 2023 4,958
NET BOOK VALUE

At 31 March 2023 10,782
At 31 March 2022 7,240

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 1,236,029
Additions 44,153
At 31 March 2023 1,280,182
DEPRECIATION
At 1 April 2022 625,203
Charge for year 38,774
At 31 March 2023 663,977
NET BOOK VALUE
At 31 March 2023 616,205
At 31 March 2022 610,826

PENTAGON SOLUTIONS (NI) LIMITED (REGISTERED NUMBER: NI045638)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2023


6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100