PBC Medical Services Limited 06977815 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is medical consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 06977815 2022-04-01 2023-03-31 06977815 2023-03-31 06977815 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2023-03-31 06977815 core:CurrentFinancialInstruments 2023-03-31 06977815 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06977815 core:FurnitureFittingsToolsEquipment 2023-03-31 06977815 1 2023-03-31 06977815 bus:SmallEntities 2022-04-01 2023-03-31 06977815 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06977815 bus:FullAccounts 2022-04-01 2023-03-31 06977815 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06977815 bus:RegisteredOffice 2022-04-01 2023-03-31 06977815 bus:Director1 2022-04-01 2023-03-31 06977815 bus:Director2 2022-04-01 2023-03-31 06977815 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06977815 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 06977815 core:PlantMachinery 2022-04-01 2023-03-31 06977815 1 2022-04-01 2023-03-31 06977815 countries:EnglandWales 2022-04-01 2023-03-31 06977815 1 2022-04-01 2023-03-31 06977815 2022-03-31 06977815 core:FurnitureFittingsToolsEquipment 2022-03-31 06977815 1 2022-03-31 06977815 2021-04-01 2022-03-31 06977815 2022-03-31 06977815 core:CurrentFinancialInstruments 2022-03-31 06977815 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 06977815

PBC Medical Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

PBC Medical Services Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

PBC Medical Services Limited

Company Information

Directors

P B Charlson

P A Charlson

Registered office

Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

 

PBC Medical Services Limited

(Registration number: 06977815)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

641

-

Other financial assets

5

-

21,500

 

641

21,500

Current assets

 

Debtors

18,515

-

Cash at bank and in hand

 

4,885

14,468

 

23,400

14,468

Creditors: Amounts falling due within one year

6

(2,601)

(9,262)

Net current assets

 

20,799

5,206

Net assets

 

21,440

26,706

Capital and reserves

 

Called up share capital

1

1

Retained earnings

21,439

26,705

Shareholders' funds

 

21,440

26,706

For the financial year ending 31 March 2023 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 accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 September 2023 and signed on its behalf by:
 

.........................................
P B Charlson
Director

.........................................
P A Charlson
Director

 

PBC Medical Services Limited

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

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 06977815.

The address of its registered office is:
Kingfisher Court
Plaxton Bridge Road
Woodmansey
Beverley
East Yorkshire
HU17 0RT

These financial statements were authorised for issue by the Board on 20 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Summary of disclosure exemptions

The company has taken advantage of exemption, available under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Group accounts have also not been prepared for wholly owned subsidiaries.

Revenue recognition

Turnover arises from the provision of cosmetic services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of services in the normal course of business, net of discounts and other sales related taxes.

Turnover from the provision of services is recognised when the service is performed.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

PBC Medical Services Limited

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery etc

5 years on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2022 - 2).

 

PBC Medical Services Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2022

4,111

4,111

Additions

663

663

At 31 March 2023

4,774

4,774

Depreciation

At 1 April 2022

4,111

4,111

Charge for the year

22

22

At 31 March 2023

4,133

4,133

Carrying amount

At 31 March 2023

641

641

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2022

21,500

21,500

Disposals

(21,500)

(21,500)

At 31 March 2023

-

-

Impairment

Carrying amount

At 31 March 2023

-

-

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Taxation and social security

 

-

1,111

Accruals and deferred income

 

2,601

2,085

Other borrowings

7

-

6,066

 

2,601

9,262

 

PBC Medical Services Limited

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

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Other borrowings

-

6,066

Other borrowings include unsecured amounts due to Directors.

8

Related party transactions

Transactions with Directors

2023

At 1 April 2022
£

Advances to Director
£

Repayments by Director
£

At 31 March 2023
£

Unsecured, interest-free, repayable on demand

(6,066)

35,993

(13,597)

16,330

         
       

 

Other transactions with directors

At the year end, the amount due to Company by the Directors was £16,330 (2022: £(6,066)). The amount is unsecured, interest-free and repayable on demand.

9

Parent and ultimate parent undertaking

The Company's immediate parent is Charthorpe Investments Limited, incorporated in England and Wales.

  These financial statements are available upon request from 24 Westfield Park, Brough, East Yorkshire, HU15 1AN