1 August 2023 false No description of principal activity Taxfiler 2024.6 true NI625787business:PrivateLimitedCompanyLtd2023-08-012024-07-31 NI6257872023-07-31 NI6257872023-08-012024-07-31 NI625787business:AuditExemptWithAccountantsReport2023-08-012024-07-31 NI625787business:FilletedAccounts2023-08-012024-07-31 NI6257872024-07-31 NI6257872023-07-31 NI625787core:WithinOneYear2024-07-31 NI625787core:WithinOneYear2023-07-31 NI625787core:AfterOneYear2024-07-31 NI625787core:AfterOneYear2023-07-31 NI625787core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 NI625787core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 NI625787core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 NI625787core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 NI625787core:PreviouslyStatedAmount2024-07-31 NI625787core:PreviouslyStatedAmount2023-07-31 NI625787business:SmallEntities2023-08-012024-07-31 NI625787business:Director12023-08-012024-07-31 NI625787countries:NorthernIreland2023-08-012024-07-31 NI625787business:RegisteredOffice2023-08-012024-07-31 NI625787core:FurnitureFittings2023-08-012024-07-31 NI625787core:ComputerEquipment2023-08-012024-07-31 NI625787core:FurnitureFittings2023-07-31 NI625787core:ComputerEquipment2023-07-31 NI625787core:FurnitureFittings2024-07-31 NI625787core:ComputerEquipment2024-07-31 NI625787business:OrdinaryShareClass12023-08-012024-07-31 NI625787business:OrdinaryShareClass12022-08-012023-07-31 NI625787business:OrdinaryShareClass22023-08-012024-07-31 NI625787business:OrdinaryShareClass22022-08-012023-07-31 NI625787business:OrdinaryShareClass32023-08-012024-07-31 NI625787business:OrdinaryShareClass32022-08-012023-07-31 NI625787business:AllOrdinaryShares2023-08-012024-07-31 NI625787business:AllOrdinaryShares2022-08-012023-07-31 NI6257872022-08-012023-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. NI625787 (Northern Ireland)
PBN Enterprises Limited Unaudited accounts for the year ended 31 July 2024
PBN Enterprises Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
424 
744 
Current assets
Debtors
27,398 
28,120 
Cash at bank and in hand
113,253 
134,244 
140,651 
162,364 
Creditors: amounts falling due within one year
(38,641)
(42,452)
Net current assets
102,010 
119,912 
Total assets less current liabilities
102,434 
120,656 
Creditors: amounts falling due after more than one year
(1,332)
(2,133)
Net assets
101,102 
118,523 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
101,002 
118,423 
Shareholders' funds
101,102 
118,523 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by
Patrick Neill Director Company Registration No. NI625787
- 2 -
PBN Enterprises Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
PBN Enterprises Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI625787. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, BT3 9DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The directors believe that the company PBN Enterprises Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover comprises the invoice value of consultancy services supplied by the company, exclusive of trade discounts and value added tax. Revenue from a contract to provide consultancy services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when: the amount of revenue can be measured reliably; it is probable that the Company will receive the consideration due under the contract; the stage of completion of the contract can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
- 3 -
PBN Enterprises Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
1,165 
114 
1,279 
At 31 July 2024
1,165 
114 
1,279 
Depreciation
At 1 August 2023
485 
50 
535 
Charge for the year
291 
29 
320 
At 31 July 2024
776 
79 
855 
Net book value
At 31 July 2024
389 
35 
424 
At 31 July 2023
680 
64 
744 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
27,398 
28,120 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
800 
800 
Taxes and social security
36,101 
39,912 
Accruals
1,740 
1,740 
38,641 
42,452 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,332 
2,133 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
25 A Ordinary Shares of £1 each
25 
25 
25 B Ordinary Shares of £1 each
25 
25 
50 C Ordinary Shares of £1 each
50 
50 
100 
100 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 4 -