PB Fabrication & Mechanical Services Limited 08703742 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is manufacture of metal structures and parts of structures. Digita Accounts Production Advanced 6.30.9574.0 true true 08703742 2022-10-01 2023-09-30 08703742 2023-09-30 08703742 bus:OrdinaryShareClass1 2023-09-30 08703742 bus:Original 2023-09-30 08703742 core:RetainedEarningsAccumulatedLosses 2023-09-30 08703742 core:ShareCapital 2023-09-30 08703742 core:CurrentFinancialInstruments 2023-09-30 08703742 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 08703742 core:MotorVehicles 2023-09-30 08703742 core:OfficeEquipment 2023-09-30 08703742 core:PlantMachinery 2023-09-30 08703742 bus:SmallEntities 2022-10-01 2023-09-30 08703742 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 08703742 bus:FullAccounts 2022-10-01 2023-09-30 08703742 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 08703742 bus:RegisteredOffice 2022-10-01 2023-09-30 08703742 bus:Director1 2022-10-01 2023-09-30 08703742 bus:OrdinaryShareClass1 2022-10-01 2023-09-30 08703742 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 08703742 core:MotorVehicles 2022-10-01 2023-09-30 08703742 core:OfficeEquipment 2022-10-01 2023-09-30 08703742 core:PlantMachinery 2022-10-01 2023-09-30 08703742 countries:England 2022-10-01 2023-09-30 08703742 2022-09-30 08703742 core:MotorVehicles 2022-09-30 08703742 core:OfficeEquipment 2022-09-30 08703742 core:PlantMachinery 2022-09-30 08703742 2021-10-01 2022-09-30 08703742 2022-09-30 08703742 bus:OrdinaryShareClass1 2022-09-30 08703742 core:RetainedEarningsAccumulatedLosses 2022-09-30 08703742 core:ShareCapital 2022-09-30 08703742 core:CurrentFinancialInstruments 2022-09-30 08703742 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 08703742 core:MotorVehicles 2022-09-30 08703742 core:OfficeEquipment 2022-09-30 08703742 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08703742

PB Fabrication & Mechanical Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

PB Fabrication & Mechanical Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

PB Fabrication & Mechanical Services Limited

(Registration number: 08703742)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

10,777

13,748

Current assets

 

Debtors

5

26,179

23,284

Cash at bank and in hand

 

69,462

23,239

 

95,641

46,523

Creditors: Amounts falling due within one year

6

(42,830)

(11,680)

Net current assets

 

52,811

34,843

Net assets

 

63,588

48,591

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

63,488

48,491

Shareholders' funds

 

63,588

48,591

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 November 2023
 

.........................................
Mr P Beresford
Director

 

PB Fabrication & Mechanical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 4G Oakland Office Park
Aerodrome Road
Gosport
Hampshire
PO13 0GY
England

These financial statements were authorised for issue by the director on 17 November 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of VAT.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

 

PB Fabrication & Mechanical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Tangible assets

Tangible assets are stated in the balance sheet 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.

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

20% reducing balance

Motor vehicles

25% reducing balance

Office equipment

33.3 straight line basis

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.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

PB Fabrication & Mechanical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

28,960

2,340

17,860

49,160

At 30 September 2023

28,960

2,340

17,860

49,160

Depreciation

At 1 October 2022

17,771

2,165

15,476

35,412

Charge for the year

2,238

137

596

2,971

At 30 September 2023

20,009

2,302

16,072

38,383

Carrying amount

At 30 September 2023

8,951

38

1,788

10,777

At 30 September 2022

11,189

175

2,384

13,748

5

Debtors

Current

2023
£

2022
£

Trade debtors

19,768

20,097

Other debtors

6,411

3,187

 

26,179

23,284

 

PB Fabrication & Mechanical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

16,622

4,144

Taxation and social security

16,961

3,616

Accruals and deferred income

1,900

1,900

Other creditors

7,347

2,020

42,830

11,680

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100