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
PBS Accounting Limited
Company Information
for the year ended 30 September 2023
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
PBS Accounting Limited
Statement of financial position
as at 30 September 2023
Intangible assets
7,380
9,840
Tangible assets
5,562
6,809
Cash at bank and in hand
16,382
7,131
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
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
PBS Accounting Limited
Notes to the Accounts
for the year ended 30 September 2023
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.
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. 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 (including purchased goodwill and patents) are included at cost less accumulated amortisation. Amortised over 5 years
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.
PBS Accounting Limited
Notes to the Accounts
for the year ended 30 September 2023
4
Intangible fixed assets
Goodwill
At 30 September 2023
12,300
At 30 September 2023
4,920
At 30 September 2023
7,380
At 30 September 2022
9,840
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
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
At 30 September 2023
2,338
1,365
1,859
5,562
At 30 September 2022
2,338
1,896
2,575
6,809
Amounts falling due within one year
Trade debtors
15,939
16,790
Accrued income and prepayments
2,867
2,944
Amounts falling due after more than one year
PBS Accounting Limited
Notes to the Accounts
for the year ended 30 September 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,868
1,871
Taxes and social security
7,999
8,578
Loans from directors
33,183
14,787
8
Deferred taxation
2023
2022
Accelerated capital allowances
215
170
Provision at start of year
170
-
Charged to the profit and loss account
45
170
Provision at end of year
215
170
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).