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# PRINCIPLE MERCHANTS (NI) LIMITED

## Company Registration Number:
NI636831 (Northern Ireland)

## Unaudited abridged accounts for the year ended 31 March 2026

## Period of accounts

## Start date: 01 April 2025

## End date: 31 March 2026

# PRINCIPLE MERCHANTS (NI) LIMITED

## Contents of the Financial Statements

for the Period Ended 31 March 2026

Balance sheet |
Notes |

# PRINCIPLE MERCHANTS (NI) LIMITED

## Balance sheet

As at 31 March 2026

| Notes | 2026 | 2025
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 41,430 | 54,033
Total fixed assets: |  | 41,430 | 54,033
Current assets
Stocks: |  | 480,462 | 663,197
Debtors: | 4 | 213,217 | 390,116
Cash at bank and in hand: |  | 189,602 | 325,076
Investments: | 5 | 50,250 | 0
Total current assets: |  | 933,531 | 1,378,389
Creditors: amounts falling due within one year: | 6 | (161,429) | (708,885)
Net current assets (liabilities): |  | 772,102 | 669,504
Total assets less current liabilities: |  | 813,532 | 723,537
Provision for liabilities: |  | (10,358) | (13,508)
Total net assets (liabilities): |  | 803,174 | 710,029
Capital and reserves
Called up share capital: |  | 68 | 68
Other reserves: |  | 32 | 32
Profit and loss account: |  | 803,074 | 709,929
Shareholders funds: |  | 803,174 | 710,029

The notes form part of these financial statements

# PRINCIPLE MERCHANTS (NI) LIMITED

## Balance sheet statements

For the year ending 31 March 2026 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 July 2026
and signed on behalf of the board by:

Name: Robin Stewart
Status: Director

The notes form part of these financial statements

# PRINCIPLE MERCHANTS (NI) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

# PRINCIPLE MERCHANTS (NI) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 2. Employees

| 2026 | 2025
--- | --- | ---
Average number of employees during the period | 2 | 2

# PRINCIPLE MERCHANTS (NI) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 3. Tangible Assets

| Total
--- | ---
Cost | £
At 01 April 2025 | 75,788
Disposals | (24,000)
At 31 March 2026 | 51,788
Depreciation |
At 01 April 2025 | 21,755
Charge for year | 2,603
On disposals | (14,000)
At 31 March 2026 | 10,358
Net book value |
At 31 March 2026 | 41,430
At 31 March 2025 | 54,033

# PRINCIPLE MERCHANTS (NI) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 4. Debtors

| 2026 | 2025
--- | --- | ---
| £ | £
Debtors due after more than one year: | 0 | 0

# PRINCIPLE MERCHANTS (NI) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 5. Current investments

Unlisted Investment £50,250

# PRINCIPLE MERCHANTS (NI) LIMITED

## Notes to the Financial Statements

for the Period Ended 31 March 2026

## 6. Creditors: amounts falling due within one year note

HP - £8,452 Trade Creditors - (£107,341) Taxation and social security costs - £126,332 Other Creditors - £133,986