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REGISTERED NUMBER: 12009489 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

PB PLUMBING & PROPERTY LIMITED

PB PLUMBING & PROPERTY LIMITED (REGISTERED NUMBER: 12009489)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


PB PLUMBING & PROPERTY LIMITED (REGISTERED NUMBER: 12009489)

ABRIDGED BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,040 15,627

CURRENT ASSETS
Stocks 822 880
Debtors 619 577
Cash at bank 42,586 35,070
44,027 36,527
CREDITORS
Amounts falling due within one year 16,908 15,165
NET CURRENT ASSETS 27,119 21,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,159

36,989

CREDITORS
Amounts falling due after more than one year 32,826 36,436
NET ASSETS 333 553

CAPITAL AND RESERVES
Called up share capital 5 100 100
Retained earnings 233 453
SHAREHOLDERS' FUNDS 333 553

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PB PLUMBING & PROPERTY LIMITED (REGISTERED NUMBER: 12009489)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 30 August 2023 and were signed by:





P Berry - Director


PB PLUMBING & PROPERTY LIMITED (REGISTERED NUMBER: 12009489)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

PB Plumbing & Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12009489

Registered office: 96 Chestnut Drive
Pennington
Leigh
Greater Manchester
WN7 3JX

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PB PLUMBING & PROPERTY LIMITED (REGISTERED NUMBER: 12009489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 29,790
Additions 259
At 31 March 2023 30,049
DEPRECIATION
At 1 April 2022 14,163
Charge for year 9,846
At 31 March 2023 24,009
NET BOOK VALUE
At 31 March 2023 6,040
At 31 March 2022 15,627

Fixed assets, included in the above, which are held under finance leases are as follows:

Totals
£   
COST
At 1 April 2022
and 31 March 2023 29,450
DEPRECIATION
At 1 April 2022 13,907
Charge for year 9,817
At 31 March 2023 23,724
NET BOOK VALUE
At 31 March 2023 5,726
At 31 March 2022 15,543

PB PLUMBING & PROPERTY LIMITED (REGISTERED NUMBER: 12009489)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100