IRIS Accounts Production v23.4.0.336 05576356 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055763562022-12-31055763562023-12-31055763562023-01-012023-12-31055763562021-12-31055763562022-01-012022-12-31055763562022-12-3105576356ns15:EnglandWales2023-01-012023-12-3105576356ns14:PoundSterling2023-01-012023-12-3105576356ns10:Director12023-01-012023-12-3105576356ns10:Director22023-01-012023-12-3105576356ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3105576356ns10:SmallEntities2023-01-012023-12-3105576356ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3105576356ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3105576356ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3105576356ns10:FullAccounts2023-01-012023-12-3105576356ns10:RegisteredOffice2023-01-012023-12-3105576356ns5:CurrentFinancialInstruments2023-12-3105576356ns5:CurrentFinancialInstruments2022-12-3105576356ns5:ShareCapital2023-12-3105576356ns5:ShareCapital2022-12-3105576356ns5:RetainedEarningsAccumulatedLosses2023-12-3105576356ns5:RetainedEarningsAccumulatedLosses2022-12-3105576356ns5:PlantMachinery2023-01-012023-12-3105576356ns5:PlantMachinery2022-12-3105576356ns5:PlantMachinery2023-12-3105576356ns5:PlantMachinery2022-12-3105576356ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3105576356ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3105576356ns5:DeferredTaxation2022-12-3105576356ns5:DeferredTaxation2023-01-012023-12-3105576356ns5:DeferredTaxation2023-12-31
















PARTNERSHIPS FOR BETTER BUSINESS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






PARTNERSHIPS FOR BETTER BUSINESS LTD (REGISTERED NUMBER: 05576356)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PARTNERSHIPS FOR BETTER BUSINESS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: I J Ferguson
Mrs M Ferguson-Allen





REGISTERED OFFICE: Second Floor, 12 The Strand
Derby
DE1 1BA





REGISTERED NUMBER: 05576356 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

PARTNERSHIPS FOR BETTER BUSINESS LTD (REGISTERED NUMBER: 05576356)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,391 3,977

CURRENT ASSETS
Debtors 5 234,988 72,947
Cash at bank 217,200 367,144
452,188 440,091
CREDITORS
Amounts falling due within one year 6 85,734 96,308
NET CURRENT ASSETS 366,454 343,783
TOTAL ASSETS LESS CURRENT LIABILITIES 371,845 347,760

PROVISIONS FOR LIABILITIES 7 1,300 755
NET ASSETS 370,545 347,005

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 370,445 346,905
SHAREHOLDERS' FUNDS 370,545 347,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PARTNERSHIPS FOR BETTER BUSINESS LTD (REGISTERED NUMBER: 05576356)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2024 and were signed on its behalf by:




I J Ferguson - Director



Mrs M Ferguson-Allen - Director


PARTNERSHIPS FOR BETTER BUSINESS LTD (REGISTERED NUMBER: 05576356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Partnerships For Better Business Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PARTNERSHIPS FOR BETTER BUSINESS LTD (REGISTERED NUMBER: 05576356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023 16,314
Additions 3,983
Disposals (5,366 )
At 31 December 2023 14,931
DEPRECIATION
At 1 January 2023 12,337
Charge for year 2,207
Eliminated on disposal (5,004 )
At 31 December 2023 9,540
NET BOOK VALUE
At 31 December 2023 5,391
At 31 December 2022 3,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 110,596 65,580
Other debtors 124,392 7,367
234,988 72,947

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 419 869
Taxation and social security 81,124 74,836
Other creditors 4,191 20,603
85,734 96,308

PARTNERSHIPS FOR BETTER BUSINESS LTD (REGISTERED NUMBER: 05576356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,300 755

Deferred
tax
£   
Balance at 1 January 2023 755
Provided during year 545
Balance at 31 December 2023 1,300

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number: Class: Nominal value: 2023 2022
£    £   
47 Ordinary A £1.00 47 47
45 Ordinary B £1.00 45 45
4 Ordinary C £1.00 4 4
4 Ordinary D £1.00 4 4
100 100

9. RELATED PARTY DISCLOSURES

Other debtors includes a debit balance of £115,001 that relates to an interest free loan to a connected company.