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
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
PBS Care Homes Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
93,478
47,793
Cash at bank and in hand
179,322
85,870
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)
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
PBS Care Homes Ltd
Notes to the Accounts
for the year ended 30 September 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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.
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.
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
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
At 30 September 2023
46,381
20,456
26,641
93,478
At 30 September 2022
-
31,142
16,651
47,793
Amounts falling due within one year
Trade debtors
23,954
59,533
Accrued income and prepayments
7,612
4,401
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
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).