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REGISTERED NUMBER: 07321401 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

PB Specialist Installations and Repairs
Limited

PB Specialist Installations and Repairs
Limited (Registered number: 07321401)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

PB Specialist Installations and Repairs
Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: Mr P Belcher
Mrs A Belcher





REGISTERED OFFICE: 1 Tirrold Way
Wantage
Oxfordshire
OX12 7DL





REGISTERED NUMBER: 07321401 (England and Wales)





ACCOUNTANTS: Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF

PB Specialist Installations and Repairs
Limited (Registered number: 07321401)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,388 2,012

CURRENT ASSETS
Stocks 2,500 1,873
Debtors 5 35,316 10,818
Cash at bank 6,559 5,352
44,375 18,043
CREDITORS
Amounts falling due within one year 6 20,620 17,996
NET CURRENT ASSETS 23,755 47
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,143

2,059

CREDITORS
Amounts falling due after more than one
year

7

(18,835

)

-

PROVISIONS FOR LIABILITIES (4,824 ) (382 )
NET ASSETS 25,484 1,677

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 25,482 1,675
SHAREHOLDERS' FUNDS 25,484 1,677

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

PB Specialist Installations and Repairs
Limited (Registered number: 07321401)

Balance Sheet - continued
31 July 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 29 September 2023 and were signed on its behalf by:




Mr P Belcher - Director



Mrs A Belcher - Director


PB Specialist Installations and Repairs
Limited (Registered number: 07321401)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

PB Specialist Installations and Repairs 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 etc - 25% on reducing balance and 20% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

PB Specialist Installations and Repairs
Limited (Registered number: 07321401)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 10,721
Additions 30,065
At 31 July 2023 40,786
DEPRECIATION
At 1 August 2022 8,709
Charge for year 6,689
At 31 July 2023 15,398
NET BOOK VALUE
At 31 July 2023 25,388
At 31 July 2022 2,012

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 35,316 5,648
Other debtors - 5,170
35,316 10,818

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 3,765 -
Trade creditors 72 5,795
Taxation and social security 14,154 10,967
Other creditors 2,629 1,234
20,620 17,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 18,835 -

PB Specialist Installations and Repairs
Limited

Report of the Accountants to the Directors of
PB Specialist Installations and Repairs
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages two to five and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Westell Accountants
3 Bradfield Court
Drayton Mill, Milton Road
Drayton
Abingdon
Oxfordshire
OX14 4EF


15 September 2023