Registration number: NI650419

Personal Engraving NI Ltd

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 11

Personal Engraving NI Ltd

Company Information

Director

Mr Gavin Clarke

Registered office

35 Flagstaff Road Cloughoge Newry Co. Down BT35 8NR

Accountants

SP McKeown & Co Ltd Chartered Certified Accountants, Registered Auditors and Tax Advisors5 Lower Catherine Street Newry Co Down BT35 6BE

Personal Engraving NI Ltd

(Registration number: NI650419)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	21,340	26,677
Current assets
Stocks	5	20,000	27,466
Debtors	6	127,834	151,186
Cash at bank and in hand		75	3,790
		147,909	182,442
Creditors: Amounts falling due within one year	7	(132,201)	(133,510)
Net current assets		15,708	48,932
Total assets less current liabilities		37,048	75,609
Creditors: Amounts falling due after more than one year	7	(82,770)	(91,015)
Provisions for liabilities		6,111	1,848
Net liabilities		(39,611)	(13,558)
Capital and reserves
Called up share capital	8	1	1
Retained earnings		(39,612)	(13,559)
Shareholders' deficit		(39,611)	(13,558)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 August 2025
 

......................................... Mr Gavin Clarke Director

Personal Engraving NI Ltd

Statement of Changes in Equity for the Year Ended 31 January 2025

	Share capital £	Retained earnings £	Total £
At 1 February 2024	1	(13,559)	(13,558)
Loss for the year	-	(26,053)	(26,053)
At 31 January 2025	1	(39,612)	(39,611)

	Share capital £	Retained earnings £	Total £
At 1 February 2023	1	20,744	20,745
Loss for the year	-	(34,303)	(34,303)
At 31 January 2024	1	(13,559)	(13,558)

Personal Engraving NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
35 Flagstaff Road
Cloughoge
Newry
Co. Down
BT35 8NR

These financial statements were authorised for issue by the director on 29 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Personal Engraving NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicles	20% Reducing balance basis
Plant & machinery	20% Reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Personal Engraving NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 3).

Personal Engraving NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	722	3,500	57,487	61,709
At 31 January 2025	722	3,500	57,487	61,709
Depreciation
At 1 February 2024	144	2,582	32,306	35,032
Charge for the year	116	184	5,037	5,337
At 31 January 2025	260	2,766	37,343	40,369
Carrying amount
At 31 January 2025	462	734	20,144	21,340
At 31 January 2024	578	918	25,181	26,677

5

Stocks

	2025 £	2024 £
Other inventories	20,000	27,466

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		21,614	35,376
Amounts owed by related parties	11	104,371	110,159
Prepayments		-	4,470
Other debtors		1,849	1,181
		127,834	151,186

7

Creditors

Creditors: amounts falling due within one year

Personal Engraving NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	8,523	13,839
Trade creditors		95,961	96,067
Taxation and social security		5,972	2,667
Accruals and deferred income		2,114	2,445
Other creditors		19,631	18,492
		132,201	133,510

Personal Engraving NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	82,770	91,015

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share of £1 each	1	1	1	1

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	82,770	91,015

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,633	5,633
Bank overdrafts	2,890	7,075
Hire purchase contracts	-	1,131
	8,523	13,839

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £Nil per each Ordinary share		-		-

11	Related party transactions

Personal Engraving NI Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	4,800	9,833

In respect of the highest paid director:

	2025 £	2024 £
Remuneration	-	9,832

Dividends paid to the director

		2025 £		2024 £
Mr Gavin Clarke
Dividend		-		-

Summary of transactions with other related parties

Clarke International Haulage Limited (Common director and Shareholder)
Intercompany loan - At the balance sheet date the amount due (to)/from Clarke International Haulage Limited was £87371 (2024 £90,159)

KC Hire & Sons Ltd (Common director and Shareholder)
Expenses paid by Personal Engraving NI Ltd on behalf of KC Hire & Sons Ltd. At the balance sheet date the amount due (to)/from KC Hire & Sons Ltd was £17,000. (2024, £20,000)