1 March 2022 false No description of principal activity Taxfiler 2023.10.1 NI629373business:PrivateLimitedCompanyLtd2022-03-012023-02-28 NI6293732022-02-28 NI6293732022-03-012023-02-28 NI629373business:AuditExemptWithAccountantsReport2022-03-012023-02-28 NI629373business:FilletedAccounts2022-03-012023-02-28 NI6293732023-02-28 NI629373business:Director12022-03-012023-02-28 NI629373business:Director22022-03-012023-02-28 NI629373business:RegisteredOffice2022-03-012023-02-28 NI6293732022-02-28 NI629373core:WithinOneYear2023-02-28 NI629373core:WithinOneYear2022-02-28 NI629373core:AfterOneYear2023-02-28 NI629373core:AfterOneYear2022-02-28 NI629373core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 NI629373core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 NI629373core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 NI629373core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 NI629373core:PreviouslyStatedAmount2023-02-28 NI629373core:PreviouslyStatedAmount2022-02-28 NI629373business:SmallEntities2022-03-012023-02-28 NI629373countries:NorthernIreland2022-03-012023-02-28 NI629373core:MotorVehicles2022-03-012023-02-28 NI629373core:FurnitureFittings2022-03-012023-02-28 NI629373core:MotorVehicles2022-02-28 NI629373core:FurnitureFittings2022-02-28 NI629373core:MotorVehicles2023-02-28 NI629373core:FurnitureFittings2023-02-28 NI6293732021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. NI629373 (Northern Ireland)
PB Couriers Limited Unaudited accounts for the year ended 28 February 2023
PB Couriers Limited Unaudited accounts Contents
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PB Couriers Limited Company Information for the year ended 28 February 2023
Directors
Paul Boyd Sinead Boyd
Company Number
NI629373 (Northern Ireland)
Registered Office
6a Old Station Road Holywood BT18 0BX
Accountants
Gray + Press Accountants Limited Unit 4A Channel Wharf 21 Old Channel Road Belfast BT3 9DE
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PB Couriers Limited Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
167,498 
84,928 
Current assets
Debtors
396,594 
429,285 
Cash at bank and in hand
39 
39 
396,633 
429,324 
Creditors: amounts falling due within one year
(414,986)
(420,909)
Net current (liabilities)/assets
(18,353)
8,415 
Total assets less current liabilities
149,145 
93,343 
Creditors: amounts falling due after more than one year
(88,948)
(77,606)
Net assets
60,197 
15,737 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
60,097 
15,637 
Shareholders' funds
60,197 
15,737 
For the year ending 28 February 2023 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by
Paul Boyd Director Company Registration No. NI629373
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PB Couriers Limited Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
PB Couriers Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI629373. The registered office is 6a Old Station Road, Holywood, BT18 0BX.
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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PB Couriers Limited Notes to the Accounts for the year ended 28 February 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
177,366 
6,845 
184,211 
Additions
110,000 
1,579 
111,579 
At 28 February 2023
287,366 
8,424 
295,790 
Depreciation
At 1 March 2022
94,491 
4,792 
99,283 
Charge for the year
28,479 
530 
29,009 
At 28 February 2023
122,970 
5,322 
128,292 
Net book value
At 28 February 2023
164,396 
3,102 
167,498 
At 28 February 2022
82,875 
2,053 
84,928 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
396,594 
429,285 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
31,743 
43,472 
VAT
269,943 
269,725 
Obligations under finance leases and hire purchase contracts
36,772 
9,660 
Trade creditors
18,216 
22,125 
Taxes and social security
56,914 
75,130 
Other creditors
1,398 
797 
414,986 
420,909 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,190 
38,966 
Obligations under finance leases and hire purchase contracts
63,758 
38,640 
88,948 
77,606 
8
Average number of employees
During the year the average number of employees was 23 (2022: 24).
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