PNG Digital Limited - Filleted accounts

Registered number

08773171

PNG Digital Limited

Unaudited Filleted Accounts

30 November 2025

PNG Digital Limited
Registered number:		08773171
Balance Sheet
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		41,790			24,737

Current assets
Stocks		1,500			1,500
Debtors	4	25,728			38,518
Cash at bank and in hand		83,475			78,079
		110,703			118,097

Creditors: amounts falling due within one year	5	(153,250)			(150,801)

Net current liabilities			(42,547)			(32,704)

Total assets less current liabilities			(757)			(7,967)

Provisions for liabilities			(2,196)			(4,700)

Net liabilities			(2,953)			(12,667)

Capital and reserves
Called up share capital			4			4
Profit and loss account			(2,957)			(12,671)

Shareholders' funds			(2,953)			(12,667)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr M Rawcliffe
Director
Approved by the board on 9 March 2026

PNG Digital Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Leasehold improvements	over the lease term (5 years)
	Fixtures, fittings and equipment	20% on written down value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			4		4


3	Tangible fixed assets
		Leasehold improvements		Fixtures, fittings & equipment		Total
£			£		£
	Cost
	At 1 December 2024	4,833		87,911		92,744
	Additions	-		27,500		27,500
	At 30 November 2025	4,833		115,411		120,244

	Depreciation
	At 1 December 2024	4,832		63,175		68,007
	Charge for the year	-		10,447		10,447
	At 30 November 2025	4,832		73,622		78,454

	Net book value
	At 30 November 2025	1		41,789		41,790
	At 30 November 2024	1		24,736		24,737


4	Debtors			2025		2024
£					£

	Trade debtors			25,728		36,995
	Other debtors			-		1,523
				25,728		38,518


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			25,052		27,605
	Taxation and social security costs			1,706		8,160
	Other creditors			126,492		115,036
				153,250		150,801

6	Related party transactions

	Director Mr M Rawcliffe controls the company by virtue of his shareholding. Mr and Mrs Rawcliffe have advanced funds to the company as a non-interest paying loan. At 30 November 2025 the company owed Mr Rawcliffe £125424 (2024: £114054).

7	Other information

	PNG Digital Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 16 Eastway Business Village
	Olivers Place
	Fulwood
	Preston
	PR2 9WT