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