PSNE Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09764592

PSNE LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

PSNE LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2026

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 4

PSNE LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£	£

CURRENT ASSETS

Debtors	5	623,628	293,896
Cash at bank and in hand		922,846	1,143,869
		-------------	-------------
		1,546,474	1,437,765

CREDITORS: amounts falling due within one year	6	1,546,469		1,437,760
		-------------		-------------
NET CURRENT ASSETS			5		5
			----		----
TOTAL ASSETS LESS CURRENT LIABILITIES			5		5
			----		----
NET ASSETS			5		5
			----		----

CAPITAL AND RESERVES

Called up share capital	7	5	5
		----	----
SHAREHOLDERS FUNDS		5	5
		----	----

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 statement of income and retained earnings has not been delivered.

For the year ending 31st March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

PSNE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 21 October 2026 , and are signed on behalf of the board by:

D. M. Carter

Director

Company registration number: 09764592

PSNE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lobley Hill Pharmacy, Malvern Gardens, Gateshead, Tyne and Wear, NE11 9LJ.

2. STATEMENT OF COMPLIANCE

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

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The financial statements have been prepared on the going concern basis. The directors consider that this basis is appropriate following due consideration of the present financial position, the expected prospects of the company during the twelve months from the date of approval of these financial statements and the continued support of the company's directors, bankers and other lending agents during this time.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current tax is recognised on bank interest receivable 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year, being the directors of the company, amounted to 5 (2025: 5).

5. DEBTORS

	2026	2025
	£	£
Trade debtors	623,628	293,896
	----------	----------

6. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	1,115,230	703,700
Accruals and deferred income	424,062	718,869
Corporation tax	4,371	4,366
Social security and other taxes	2,806	10,825
	-------------	-------------
	1,546,469	1,437,760
	-------------	-------------

7. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	5	5	5	5
	----	----	----	----

8. RELATED PARTY TRANSACTIONS

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A small entities.