Silverfin false 30/09/2023 01/10/2022 30/09/2023 Nicholas Barratt 01/10/2023 Patrick James Behan 01/10/2023 Joanne Elizabeth Coulson 01/10/2023 Dr Catriona Elizabeth Martin 01/10/2023 Nick Barratt Behaviour Change Consultancy Ltd 01/10/2023 22/09/2021 Pbsuk Limited 01/10/2023 22/09/2021 Positive Behaviour Support Consultancy Limited 01/10/2023 22/09/2021 Supporting Positively Limited 01/10/2023 22/09/2021 Sarah Wakeling 01/10/2023 23 February 2024 SO307369 2023-09-30 SO307369 bus:Director1 2023-09-30 SO307369 bus:Director2 2023-09-30 SO307369 bus:Director3 2023-09-30 SO307369 bus:Director4 2023-09-30 SO307369 bus:Director5 2023-09-30 SO307369 bus:Director6 2023-09-30 SO307369 bus:Director7 2023-09-30 SO307369 bus:Director8 2023-09-30 SO307369 bus:Director9 2023-09-30 SO307369 2022-09-30 SO307369 core:CurrentFinancialInstruments 2023-09-30 SO307369 core:CurrentFinancialInstruments 2022-09-30 SO307369 core:OtherPropertyPlantEquipment 2022-09-30 SO307369 core:OtherPropertyPlantEquipment 2023-09-30 SO307369 2022-10-01 2023-09-30 SO307369 bus:FullAccounts 2022-10-01 2023-09-30 SO307369 bus:SmallEntities 2022-10-01 2023-09-30 SO307369 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 SO307369 bus:LimitedLiabilityPartnershipLLP 2022-10-01 2023-09-30 SO307369 bus:Director1 2022-10-01 2023-09-30 SO307369 bus:Director2 2022-10-01 2023-09-30 SO307369 bus:Director3 2022-10-01 2023-09-30 SO307369 bus:Director4 2022-10-01 2023-09-30 SO307369 bus:Director5 2022-10-01 2023-09-30 SO307369 bus:Director6 2022-10-01 2023-09-30 SO307369 bus:Director7 2022-10-01 2023-09-30 SO307369 bus:Director8 2022-10-01 2023-09-30 SO307369 bus:Director9 2022-10-01 2023-09-30 SO307369 core:OtherPropertyPlantEquipment core:TopRangeValue 2022-10-01 2023-09-30 SO307369 2021-09-22 2022-09-30 SO307369 core:OtherPropertyPlantEquipment 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Company No: SO307369 (Scotland)

PBS COLLECTIVE LLP

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

PBS COLLECTIVE LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023

Contents

PBS COLLECTIVE LLP

BALANCE SHEET

AS AT 30 SEPTEMBER 2023
PBS COLLECTIVE LLP

BALANCE SHEET (continued)

AS AT 30 SEPTEMBER 2023
Note 30.09.2023 30.09.2022
£ £
Fixed assets
Tangible assets 3 1,011 724
1,011 724
Current assets
Debtors 4 26,033 34,490
Cash at bank and in hand 5 96,789 37,198
122,822 71,688
Creditors: amounts falling due within one year 6 ( 89,889) ( 35,775)
Net current assets 32,933 35,913
Total assets less current liabilities 33,944 36,637
Net assets attributable to members 33,944 36,637
Represented by
Loans and other debts due to members within one year
Other amounts 33,944 36,637
33,944 36,637
Members' other interests
0 0
33,944 36,637
Total members' interests
Loans and other debts due to members 33,944 36,637
33,944 36,637

For the financial year ending 30 September 2023 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of PBS Collective LLP (registered number: SO307369) were approved and authorised for issue by the Board of Directors on 23 February 2024. They were signed on its behalf by:

Nicholas Barratt
Designated member
Dr Catriona Elizabeth Martin
Designated member
PBS COLLECTIVE LLP

RECONCILIATION OF MEMBERS' INTERESTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
PBS COLLECTIVE LLP

RECONCILIATION OF MEMBERS' INTERESTS (continued)

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
EQUITY
Members' other interests
DEBT
Loans and other debts due to members less any amounts due from members in debtors
Total members' interests
Other reserves Other amounts Total
£ £ £
Balance at 22 September 2021 0 0 0
Profit for the financial year/period available for discretionary division among members 90,637 0 90,637
Members' interest after profit for the financial year/period 90,637 0 90,637
Division of profit (90,637) 90,637 0
Drawings 0 (54,000) (54,000)
Amounts due to members 36,637
Balance at 30 September 2022 0 36,637 36,637
Profit for the financial year/period available for discretionary division among members 37,307 0 37,307
Members' interest after profit for the financial year/period 37,307 36,637 73,944
Division of profit (37,307) 37,307 0
Drawings 0 (40,000) (40,000)
Amounts due to members 33,944
Balance at 30 September 2023 0 33,944 33,944

There are no existing restrictions or limitations which impact the ability of the members of the LLP to reduce the amount of Members' other interests

PBS COLLECTIVE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
PBS COLLECTIVE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

PBS Collective LLP (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 24 Lauder Crescent, Perth, PH1 1SU, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Reporting period length

The financial statements have been prepared for the year to 30 September 2023. The comparative financial statements were prepared for the period from the date of incorporation on 22 September 2021 to 30 September 2022. As such, the two periods are not entirely comparable.

Turnover

Turnover represents amounts receivable for the provision of training and consultancy regarding positive behaviour support, autism and learning disability, net of VAT.

Revenue is recognised when the company has the entitlement to the income in exchange for the provision of services.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members' participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with FRS 25 (IAS 32) Financial Instruments: Disclosure and Presentation and UITF abstract 39 Members' shares in co-operative entities and similar instruments. A members' participation right results in a liability unless the right to any payment is discretionary on the part of the LLP.

Amounts subscribed or otherwise contributed by members, for example members' capital, are classed as equity if the LLP has an unconditional right to refuse payments to members. If the LLP does not have such an unconditional right, such amounts are classified as liabilities.

The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense. They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.

All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

2. Employees

Year ended
30.09.2023
Period from
22.09.2021 to
30.09.2022
Number Number
Monthly average number of persons employed by the LLP during the year 2 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2022 767 767
Additions 724 724
At 30 September 2023 1,491 1,491
Accumulated depreciation
At 01 October 2022 43 43
Charge for the financial year 437 437
At 30 September 2023 480 480
Net book value
At 30 September 2023 1,011 1,011
At 30 September 2022 724 724

4. Debtors

30.09.2023 30.09.2022
£ £
Trade debtors 25,124 33,663
Other debtors 909 827
26,033 34,490

5. Cash and cash equivalents

30.09.2023 30.09.2022
£ £
Cash at bank and in hand 96,789 37,198

6. Creditors: amounts falling due within one year

30.09.2023 30.09.2022
£ £
Trade creditors 23,745 9,394
Other taxation and social security 3,781 8,827
Other creditors 62,363 17,554
89,889 35,775

7. Loans and other debts due

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.