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Company Registration No. 13623789 (England and Wales)
PBS Accounting Limited Unaudited accounts for the year ended 30 September 2023
PBS Accounting Limited Unaudited accounts Contents
Page
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PBS Accounting Limited Company Information for the year ended 30 September 2023
Director
Michele Hunter
Company Number
13623789 (England and Wales)
Registered Office
UNIT 2 LISTER MILL BUSINESS PARK LISTER PLYMPTON PLYMOUTH PL7 4BA ENGLAND
Accountants
PBS Accounting Limited Unit 2 Lister Mill Business Park Lister Close, Plympton Plymouth Devon PL7 4BA
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PBS Accounting Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,380 
9,840 
Tangible assets
5,562 
6,809 
12,942 
16,649 
Current assets
Debtors
19,806 
20,734 
Cash at bank and in hand
16,382 
7,131 
36,188 
27,865 
Creditors: amounts falling due within one year
(48,914)
(30,143)
Net current liabilities
(12,726)
(2,278)
Total assets less current liabilities
216 
14,371 
Provisions for liabilities
Deferred tax
(215)
(170)
Net assets
1 
14,201 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
- 
14,200 
Shareholders' funds
1 
14,201 
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 director acknowledges her 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 and authorised for issue on 13 December 2023 and were signed on its behalf by
Michele Hunter Director Company Registration No. 13623789
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PBS Accounting Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
PBS Accounting Limited is a private company, limited by shares, registered in England and Wales, registration number 13623789. The registered office is UNIT 2 LISTER MILL BUSINESS PARK LISTER , PLYMPTON, PLYMOUTH, PL7 4BA, ENGLAND.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
20% Straight Line
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised over 5 years
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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PBS Accounting Limited Notes to the Accounts for the year ended 30 September 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 October 2022
12,300 
At 30 September 2023
12,300 
Amortisation
At 1 October 2022
2,460 
Charge for the year
2,460 
At 30 September 2023
4,920 
Net book value
At 30 September 2023
7,380 
At 30 September 2022
9,840 
Goodwill
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
2,338 
2,599 
3,436 
8,373 
Disposals
- 
(31)
(123)
(154)
At 30 September 2023
2,338 
2,568 
3,313 
8,219 
Depreciation
At 1 October 2022
- 
703 
861 
1,564 
Charge for the year
- 
509 
624 
1,133 
On disposals
- 
(9)
(31)
(40)
At 30 September 2023
- 
1,203 
1,454 
2,657 
Net book value
At 30 September 2023
2,338 
1,365 
1,859 
5,562 
At 30 September 2022
2,338 
1,896 
2,575 
6,809 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,939 
16,790 
Accrued income and prepayments
2,867 
2,944 
Other debtors
1,000 
- 
19,806 
19,734 
Amounts falling due after more than one year
Other debtors
- 
1,000 
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PBS Accounting Limited Notes to the Accounts for the year ended 30 September 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,790 
4,563 
Trade creditors
1,868 
1,871 
Taxes and social security
7,999 
8,578 
Other creditors
- 
287 
Loans from directors
33,183 
14,787 
Accruals
74 
57 
48,914 
30,143 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
215 
170 
2023 
2022 
£ 
£ 
Provision at start of year
170 
- 
Charged to the profit and loss account
45 
170 
Provision at end of year
215 
170 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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