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Company Registration No. 11571666 (England and Wales)
PBS Care Homes Ltd Unaudited accounts for the year ended 30 September 2023
PBS Care Homes Ltd Unaudited accounts Contents
Page
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PBS Care Homes Ltd Company Information for the year ended 30 September 2023
Directors
John Lawrence Julie Anne Woraker
Company Number
11571666 (England and Wales)
Registered Office
71-75 Shelton Street Covent Garden London WC2H 9JQ
Accountants
GUIDA ACCOUNTANCY LTD 14 Southwold Crescent Benfleet Essex SS7 5SW
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PBS Care Homes Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
93,478 
47,793 
Current assets
Debtors
31,566 
63,934 
Cash at bank and in hand
179,322 
85,870 
210,888 
149,804 
Creditors: amounts falling due within one year
(274,481)
(192,579)
Net current liabilities
(63,593)
(42,775)
Total assets less current liabilities
29,885 
5,018 
Creditors: amounts falling due after more than one year
- 
(4,583)
Net assets
29,885 
435 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,785 
335 
Shareholders' funds
29,885 
435 
For the 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. 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 19 January 2024 and were signed on its behalf by
John Lawrence Director Company Registration No. 11571666
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PBS Care Homes Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
PBS Care Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11571666. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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 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 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% straight line
Fixtures & fittings
25% straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and 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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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.
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PBS Care Homes Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
- 
42,745 
27,229 
69,974 
Additions
46,607 
- 
17,824 
64,431 
At 30 September 2023
46,607 
42,745 
45,053 
134,405 
Depreciation
At 1 October 2022
- 
11,603 
10,578 
22,181 
Charge for the year
226 
10,686 
7,834 
18,746 
At 30 September 2023
226 
22,289 
18,412 
40,927 
Net book value
At 30 September 2023
46,381 
20,456 
26,641 
93,478 
At 30 September 2022
- 
31,142 
16,651 
47,793 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,954 
59,533 
Accrued income and prepayments
7,612 
4,401 
31,566 
63,934 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,583 
5,000 
Trade creditors
1,105 
1,644 
Taxes and social security
81,392 
66,418 
Other creditors
26,871 
73,853 
Loans from directors
77,899 
45,664 
Accruals
82,631 
- 
274,481 
192,579 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
4,583 
8
Average number of employees
During the year the average number of employees was 19 (2022: 13).
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