PFS NETWORK LIMITED

Company Registration Number:
05542154 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

PFS NETWORK LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

PFS NETWORK LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 10,333 11,573
Tangible assets: 4 14,639 16,146
Total fixed assets: 24,972 27,719
Current assets
Stocks: 320,424 189,418
Debtors:   575,478 533,073
Cash at bank and in hand: 2,107 15,538
Total current assets: 898,009 738,029
Creditors: amounts falling due within one year:   (850,033) (730,179)
Net current assets (liabilities): 47,976 7,850
Total assets less current liabilities: 72,948 35,569
Provision for liabilities: (962) (962)
Total net assets (liabilities): 71,986 34,607
Capital and reserves
Called up share capital: 116 116
Profit and loss account: 71,870 34,491
Shareholders funds: 71,986 34,607

The notes form part of these financial statements

PFS NETWORK LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 March 2025
and signed on behalf of the board by:

Name: Tracey Vallis
Status: Director

The notes form part of these financial statements

PFS NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PFS NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 24 23

PFS NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 12,400
At 31 March 2024 12,400
Amortisation
At 01 April 2023 827
Charge for year 1,240
At 31 March 2024 2,067
Net book value
At 31 March 2024 10,333
At 31 March 2023 11,573

PFS NETWORK LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 18,802
Additions 3,369
At 31 March 2024 22,171
Depreciation
At 01 April 2023 2,656
Charge for year 4,876
At 31 March 2024 7,532
Net book value
At 31 March 2024 14,639
At 31 March 2023 16,146