PBH OLE Limited 09258438 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is that of engineering consultancy in the rail industry. Digita Accounts Production Advanced 6.30.9574.0 true true 09258438 2022-10-01 2023-09-30 09258438 2023-09-30 09258438 core:CurrentFinancialInstruments 2023-09-30 09258438 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09258438 core:FurnitureFittingsToolsEquipment 2023-09-30 09258438 core:MotorVehicles 2023-09-30 09258438 bus:SmallEntities 2022-10-01 2023-09-30 09258438 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 09258438 bus:FullAccounts 2022-10-01 2023-09-30 09258438 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 09258438 bus:RegisteredOffice 2022-10-01 2023-09-30 09258438 bus:Director1 2022-10-01 2023-09-30 09258438 bus:Director2 2022-10-01 2023-09-30 09258438 bus:Director3 2022-10-01 2023-09-30 09258438 bus:Director4 2022-10-01 2023-09-30 09258438 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 09258438 core:ComputerEquipment 2022-10-01 2023-09-30 09258438 core:FurnitureFittingsToolsEquipment 2022-10-01 2023-09-30 09258438 core:MotorVehicles 2022-10-01 2023-09-30 09258438 countries:EnglandWales 2022-10-01 2023-09-30 09258438 2022-09-30 09258438 core:FurnitureFittingsToolsEquipment 2022-09-30 09258438 core:MotorVehicles 2022-09-30 09258438 2021-10-01 2022-09-30 09258438 2022-09-30 09258438 core:CurrentFinancialInstruments 2022-09-30 09258438 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 09258438 core:FurnitureFittingsToolsEquipment 2022-09-30 09258438 core:MotorVehicles 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 09258438

PBH OLE Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

PBH OLE Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

PBH OLE Limited

Company Information

Directors

Mr C A Becker

Mr W E Bain

Mr M J Shemilt

Mr S J Byrne

Registered office

4a Custance Walk
York
YO23 1BX

Accountants

DAH Accountancy Services Limited
Chartered Management Accountants
Cedar Lodge
York Road
Shiptonthorpe
York
East Yorkshire
YO43 3PH

 

PBH OLE Limited

(Registration number: 09258438)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

29,092

17,519

Current assets

 

Debtors

5

250,595

106,395

Cash at bank and in hand

 

1,425,279

760,896

 

1,675,874

867,291

Creditors: Amounts falling due within one year

6

(526,899)

(220,766)

Net current assets

 

1,148,975

646,525

Total assets less current liabilities

 

1,178,067

664,044

Provisions for liabilities

(4,959)

(1,900)

Net assets

 

1,173,108

662,144

Capital and reserves

 

Called up share capital

300

300

Retained earnings

1,172,808

661,844

Shareholders' funds

 

1,173,108

662,144

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 February 2024 and signed on its behalf by:
 

.........................................
Mr M J Shemilt
Director

 

PBH OLE Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4a Custance Walk
York
YO23 1BX

These financial statements were authorised for issue by the Board on 21 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

PBH OLE Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% on cost

Computer equipment

25% on cost

Motor vehicles

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

PBH OLE Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2022 - 12).

 

PBH OLE Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

91,509

11,146

102,655

Additions

21,506

-

21,506

At 30 September 2023

113,015

11,146

124,161

Depreciation

At 1 October 2022

80,028

5,108

85,136

Charge for the year

7,145

2,788

9,933

At 30 September 2023

87,173

7,896

95,069

Carrying amount

At 30 September 2023

25,842

3,250

29,092

At 30 September 2022

11,481

6,038

17,519

5

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

238,251

92,177

Prepayments

 

12,284

9,158

Other debtors

 

60

5,060

   

250,595

106,395

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

54,371

4,861

Amounts owed to group undertakings and undertakings in which the company has a participating interest

102,925

31,708

Taxation and social security

 

350,502

167,789

Accruals and deferred income

 

17,180

12,100

Other creditors

 

1,921

4,308

 

526,899

220,766