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Company Registration No. 07807013 (England and Wales)
PBS Accounting Services Ltd Unaudited accounts for the year ended 31 October 2022
PBS Accounting Services Ltd Unaudited accounts Contents
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PBS Accounting Services Ltd Company Information for the year ended 31 October 2022
Director
Mrs D E Drower
Company Number
07807013 (England and Wales)
Registered Office
ADCROFT HOUSE 15 ROATH ROAD PORTISHEAD BRISTOL BS20 6AW
Accountants
P B S Accounting Services Ltd Adcroft House 15 Roath Road Portishead North Somerset BS20 6AW
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PBS Accounting Services Ltd Statement of financial position as at 31 October 2022
2022 
2021 
Notes
£ 
£ 
Current assets
Debtors
43,732 
34,222 
Cash at bank and in hand
1,700 
498 
45,432 
34,720 
Creditors: amounts falling due within one year
(24,192)
(22,902)
Net current assets
21,240 
11,818 
Total assets less current liabilities
21,240 
11,818 
Creditors: amounts falling due after more than one year
(8,066)
(10,267)
Net assets
13,174 
1,551 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
13,173 
1,550 
Shareholders' funds
13,174 
1,551 
For the year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Mrs D E Drower Director Company Registration No. 07807013
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PBS Accounting Services Ltd Notes to the Accounts for the year ended 31 October 2022
1
Statutory information
PBS Accounting Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07807013. The registered office is ADCROFT HOUSE 15 ROATH ROAD, PORTISHEAD, BRISTOL, BS20 6AW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
4
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
5
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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