Pentagon Business Services Limited 31/01/2025 iXBRL

Pentagon Business Services Limited

Filleted accounts

31 January 2025

Company registration number: 04129987

Pentagon Business Services Limited

Directors and other information


	Director	S Gibbons


	Secretary	P Gibbons


	Company number	04129987


	Registered office	Unit 3 Ashurst Court
		London Road
		Wheatley
		Oxon
		OX33 1ER


	Accountants	Cox Hinkins & Co. Limited
		Accountants and Taxation Advisors
		The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY

Pentagon Business Services Limited

Balance sheet

31st January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	3,017		9,666
		_______		_______
			3,017		9,666

Current assets
Debtors	7	145,582		188,843
Investments	8	-		12,500
Cash at bank and in hand		859,426		954,264
		_______		_______
		1,005,008		1,155,607
Creditors: amounts falling due
within one year	9	( 249,723)		( 317,814)
		_______		_______
Net current assets			755,285		837,793
			_______		_______
Total assets less current liabilities			758,302		847,459

Provisions for liabilities	10		( 754)		( 1,837)

			_______		_______
Net assets			757,548		845,622
			_______		_______

Capital and reserves
Called up share capital	12		965		965
Share premium account			199,800		199,800
Profit and loss account			556,783		644,857
			_______		_______
Shareholders funds			757,548		845,622
			_______		_______

For the 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 financial statements for the year in question in accordance with section 476;

- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:

S Gibbons

Director

Company registration number: 04129987

Pentagon Business Services Limited

Notes to the financial statements

Year ended 31st January 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 3 Ashurst Court, London Road, Wheatley, Oxon, OX33 1ER. There was no significant change in the company's principal activity during the year which continued to be that of online procurement consultancy, specialising in point of sale and promotional items.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:


General equipment	-	Straight line basis over 5 years
Computer equipment	-	Straight line basis over 3 years

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractualarrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 7 ).

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1st February 2024 and 31st January 2025	200	200
	_______	_______
Amortisation
At 1st February 2024 and 31st January 2025	200	200
	_______	_______
Carrying amount
At 31st January 2025	-	-
	_______	_______
At 31st January 2024	-	-
	_______	_______

6. Tangible assets

	General equipment	Computer equipment	Total
	£	£	£
Cost
At 1st February 2024 and 31st January 2025	11,112	33,610	44,722
	_______	_______	_______
Depreciation
At 1st February 2024	8,679	26,377	35,056
Charge for the year	652	5,997	6,649
	_______	_______	_______
At 31st January 2025	9,331	32,374	41,705
	_______	_______	_______
Carrying amount
At 31st January 2025	1,781	1,236	3,017
	_______	_______	_______
At 31st January 2024	2,433	7,233	9,666
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	74,240	114,496
Amounts owed by group undertakings and undertakings in which the company has a participating interest	30,723	30,723
Other debtors	40,619	43,624
	_______	_______
	145,582	188,843
	_______	_______

8. Investments

	2025	2024
	£	£
Other investments	-	12,500
	_______	_______

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	137,301	185,026
Social security and other taxes	100,566	113,421
Other creditors	11,856	19,367
	_______	_______
	249,723	317,814
	_______	_______

10. Provisions

	Deferred tax (note 11)	Total
	£	£
At 1st February 2024	1,837	1,837
Additions	( 1,083)	( 1,083)
	_______	_______
At 31st January 2025	754	754
	_______	_______

11. Deferred tax

The deferred tax included in the Balance sheet is as follows:

	2025	2024
	£	£
Included in provisions (note 10)	754	1,837
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	754	1,837
	_______	_______

12. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 0.01 each	96,500	965	96,500	965
	_______	_______	_______	_______

13. Directors advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward	Advances /(credits) to the director	Amounts repaid	Amounts written off	Amounts waived	Balance o/standing
	£	£	£	£	£	£
S Gibbons	10,216	33,000	( 29,713)	-	-	13,503
	_______	_______	_______	_______	_______	_______

14. Controlling party

The company is under the control of Maxipos Corporation Ltd, a non-trading holding company incorporated in England & Wales, which owns 100% of the issued share capital. Maxipos Corporation Ltd is regarded by the director as being the company's ultimate holding company.