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REGISTERED NUMBER: 04797952 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

P F N FINANCE LIMITED

P F N FINANCE LIMITED (REGISTERED NUMBER: 04797952)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P F N FINANCE LIMITED

COMPANY INFORMATION
for the Year Ended 31st March 2024







DIRECTORS: Ms O D P France
M J Nears





SECRETARY: M J Nears





REGISTERED OFFICE: 4 Cyprus Road
Basingstoke
Hampshire
RG22 4UY





REGISTERED NUMBER: 04797952 (England and Wales)





ACCOUNTANTS: K S Goring & Co Chartered Accountants
222 Upper Richmond Road West
London
SW14 8AH

P F N FINANCE LIMITED (REGISTERED NUMBER: 04797952)

BALANCE SHEET
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,121 571

CURRENT ASSETS
Work in progress 2,000 1,700
Debtors 5 7,074 1,025
Cash at bank 73,451 119,108
82,525 121,833
CREDITORS
Amounts falling due within one year 6 15,859 55,166
NET CURRENT ASSETS 66,666 66,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,787

67,238

CREDITORS
Amounts falling due after more than one
year

7

3,710

6,628
NET ASSETS 64,077 60,610

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 63,977 60,510
SHAREHOLDERS' FUNDS 64,077 60,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

P F N FINANCE LIMITED (REGISTERED NUMBER: 04797952)

BALANCE SHEET - continued
31st March 2024


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 Board of Directors and authorised for issue on 12th August 2024 and were signed on its behalf by:





Ms O D P France - Director


P F N FINANCE LIMITED (REGISTERED NUMBER: 04797952)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

P F N Finance 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.

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

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 - 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 work in progress to their present location and condition.

Pension costs
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.

The company's workplace pension scheme for its employees is provided through automatic enrolment pension scheme in line with Government legislation.
Under the terms of this scheme, employees make pension contributions out of their salaries, and the company also makes additional contributions.
Contributions payable for the year are charged to the profit and loss account in the period to which they relate. Staff contribution are charged to wages and salaries and company contribution are charged to pension cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

P F N FINANCE LIMITED (REGISTERED NUMBER: 04797952)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 13,176
Additions 1,137
At 31st March 2024 14,313
DEPRECIATION
At 1st April 2023 12,605
Charge for year 587
At 31st March 2024 13,192
NET BOOK VALUE
At 31st March 2024 1,121
At 31st March 2023 571

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,987 -
Other debtors 1,087 1,025
7,074 1,025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,130 3,130
Taxation and social security 5,889 20,061
Other creditors 6,840 31,975
15,859 55,166

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,710 6,628

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £18,000 (2023 - £45,000) were paid to the directors .

P F N FINANCE LIMITED (REGISTERED NUMBER: 04797952)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st March 2024

8. RELATED PARTY DISCLOSURES - continued

As at 31 March 2024, the company owed £257 (2023: £179) to the directors and shareholders. This loan is interest free and repayable on demand.

During the year, the following dividends were voted for but not paid to the directors of the company in respect of ordinary shares:

O D P France £Nil
M J Nears £4,000

9. ULTIMATE CONTROLLING PARTY

The directors are the ultimate controlling parties.