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REGISTERED NUMBER: 08957159 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

P B Trading Limited

P B Trading Limited (Registered number: 08957159)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P B Trading Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P Price
B Price





REGISTERED OFFICE: Lakeside View
Gibbet Hill Lane
Scrooby
Doncaster
DN10 6BT





REGISTERED NUMBER: 08957159 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

P B Trading Limited (Registered number: 08957159)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 221,094 76,527
Investments 5 377,100 454,694
598,194 531,221

CURRENT ASSETS
Stocks 56,000 106,607
Debtors 6 319,642 459,626
Cash at bank and in hand 569,479 654,583
945,121 1,220,816
CREDITORS
Amounts falling due within one year 7 649,563 1,042,027
NET CURRENT ASSETS 295,558 178,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

893,752

710,010

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 893,652 709,910
SHAREHOLDERS' FUNDS 893,752 710,010

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 directors acknowledge their 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.

P B Trading Limited (Registered number: 08957159)

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2023 and were signed on its behalf by:




B Price - Director



P Price - Director


P B Trading Limited (Registered number: 08957159)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

P B Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

P B Trading Limited (Registered number: 08957159)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 13,331 100,458 4,655 118,444
Additions 1,624 296,689 3,384 301,697
Disposals - (126,678 ) - (126,678 )
At 31 March 2023 14,955 270,469 8,039 293,463
DEPRECIATION
At 1 April 2022 4,675 34,791 2,451 41,917
Charge for year 1,542 36,021 1,448 39,011
Eliminated on disposal - (8,559 ) - (8,559 )
At 31 March 2023 6,217 62,253 3,899 72,369
NET BOOK VALUE
At 31 March 2023 8,738 208,216 4,140 221,094
At 31 March 2022 8,656 65,667 2,204 76,527

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Investment watches & vehicles 377,100 454,694

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 176,122
Amounts owed by associates 319,642 279,000
Other debtors - 4,504
319,642 459,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 124,500 815,174
Taxation and social security 30,409 90,058
Other creditors 494,654 136,795
649,563 1,042,027