Company Registration No. NI625787 (Northern Ireland)
PBN Enterprises Limited
Unaudited accounts
for the year ended 31 July 2025
PBN Enterprises Limited
Statement of financial position
as at 31 July 2025
Cash at bank and in hand
127,713
113,253
Creditors: amounts falling due within one year
(49,835)
(38,641)
Net current assets
96,429
102,010
Total assets less current liabilities
96,533
102,434
Creditors: amounts falling due after more than one year
(532)
(1,332)
Called up share capital
100
100
Profit and loss account
95,901
101,002
Shareholders' funds
96,001
101,102
For the year ending 31 July 2025 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 3 October 2025 and were signed on its behalf by
Patrick Neill
Director
Company Registration No. NI625787
PBN Enterprises Limited
Notes to the Accounts
for the year ended 31 July 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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 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.
PBN Enterprises Limited
Notes to the Accounts
for the year ended 31 July 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2024
1,165
114
1,279
At 31 July 2025
1,165
114
1,279
At 1 August 2024
776
79
855
Charge for the year
291
29
320
At 31 July 2025
1,067
108
1,175
At 31 July 2024
389
35
424
Amounts falling due within one year
Other debtors
18,551
27,398
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
800
800
Taxes and social security
47,205
36,101
7
Creditors: amounts falling due after more than one year
2025
2024
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
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).