Company registration number: NI601841
Unaudited financial statements
for the year ended 31 December 2024
for
Pbg Ireland Ltd
Pages for filing with the Registrar
Company registration number: NI601841
Pbg Ireland Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 72,382 61,192
72,382 61,192
Current assets
Stocks 50,000 35,000
Debtors 9,946 51,349
Cash at bank and in hand 120,667 170,832
180,613 257,181
Creditors: amounts falling due within one
year 		(99,208) (105,055)
Net current assets 81,405 152,126
Total assets less current liabilities 153,787 213,318
NET ASSETS 153,787 213,318
Capital and reserves
Called up share capital 100 100
Profit and loss account 153,687 213,218
TOTAL EQUITY 153,787 213,318
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: NI601841
Pbg Ireland Ltd
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
K Greenaway, Director
23 September 2025
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Pbg Ireland Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Pbg Ireland Ltd is a private company registered in Northern Ireland. Its registered number is NI601841. The company is limited by shares. Its registered office is 2 Market Place, Carrickfergus, BT38 7AW.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill -
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant & Machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Motor vehicles - 15% reducing balance
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Pbg Ireland Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 50 (2023 - 56).
4 Intangible assets
Goodwill
£
Cost
At 1 January 2024 750,017
At 31 December 2024 750,017
Amortisation
At 1 January 2024 750,017
At 31 December 2024 750,017
Net book value
At 31 December 2024 -
At 31 December 2023 -
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Pbg Ireland Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 165,755
Additions 23,963
At 31 December 2024 189,718
Depreciation
At 1 January 2024 104,563
Charge for year 12,773
At 31 December 2024 117,336
Net book value
At 31 December 2024 72,382
At 31 December 2023 61,192
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
Karen Elizabeth Greenaway
Balance outstanding at start of year (1,356) -
Amounts advanced 3,202 -
Balance outstanding at end of year 1,846 -
2024 2023
£ £
Kristopher John Magowan
Balance outstanding at start of year 2,384 -
Balance outstanding at end of year 2,384 -
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