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REGISTERED NUMBER: 04950120 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

P B Safety Consultancy Limited

P B Safety Consultancy Limited (Registered number: 04950120)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

P B Safety Consultancy Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P G Bean





SECRETARY: Mrs J Bean





REGISTERED OFFICE: Unit 12 Glenmore Business Park
Stanley Road
Bedford
Bedfordshire
MK42 0LE





REGISTERED NUMBER: 04950120 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

P B Safety Consultancy Limited (Registered number: 04950120)

Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 184,790 199,615
Tangible assets 5 54,655 71,642
239,445 271,257

CURRENT ASSETS
Debtors 6 278,045 303,474
Cash at bank and in hand 29,006 34,747
307,051 338,221
CREDITORS
Amounts falling due within one year 7 353,994 276,489
NET CURRENT (LIABILITIES)/ASSETS (46,943 ) 61,732
TOTAL ASSETS LESS CURRENT LIABILITIES 192,502 332,989

CREDITORS
Amounts falling due after more than one year 8 (65,473 ) (143,979 )

PROVISIONS FOR LIABILITIES 9 (32,688 ) (19,207 )
NET ASSETS 94,341 169,803

CAPITAL AND RESERVES
Called up share capital 10 120 120
Retained earnings 94,221 169,683
SHAREHOLDERS' FUNDS 94,341 169,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:




P G Bean - Director


P B Safety Consultancy Limited (Registered number: 04950120)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

P B Safety Consultancy Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from safety consultancy services and training courses is recognised at the point the service has been completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Computer software, being the costs associated with the development of a new software system, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:
Improvements to property - straight line over 5 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

P B Safety Consultancy Limited (Registered number: 04950120)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are charged to profit and loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
CFX Computer
Goodwill investment software Totals
£    £    £    £   
COST
At 1 November 2022 200,000 37,500 96,000 333,500
Additions - - 64,130 64,130
Disposals - (37,500 ) - (37,500 )
At 31 October 2023 200,000 - 160,130 360,130
AMORTISATION
At 1 November 2022 104,329 - 29,556 133,885
Amortisation for year 20,000 - 21,455 41,455
At 31 October 2023 124,329 - 51,011 175,340
NET BOOK VALUE
At 31 October 2023 75,671 - 109,119 184,790
At 31 October 2022 95,671 37,500 66,444 199,615

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 44,395 9,412 31,245 25,186 110,238
Additions - 551 - 960 1,511
At 31 October 2023 44,395 9,963 31,245 26,146 111,749
DEPRECIATION
At 1 November 2022 8,422 3,770 7,835 18,569 38,596
Charge for year 8,879 1,491 5,853 2,275 18,498
At 31 October 2023 17,301 5,261 13,688 20,844 57,094
NET BOOK VALUE
At 31 October 2023 27,094 4,702 17,557 5,302 54,655
At 31 October 2022 35,973 5,642 23,410 6,617 71,642

P B Safety Consultancy Limited (Registered number: 04950120)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 29,750
DEPRECIATION
At 1 November 2022 7,438
Charge for year 5,578
At 31 October 2023 13,016
NET BOOK VALUE
At 31 October 2023 16,734
At 31 October 2022 22,312

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 208,123 197,024
Other debtors 62,379 63,179
Directors' current accounts - 40,172
Prepayments and accrued income 7,543 3,099
278,045 303,474

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 111,401 137,887
Hire purchase contracts 5,105 4,688
Trade creditors 51,144 58,620
Tax 13,477 16,885
Social security and other taxes 11,020 10,447
VAT 65,888 41,998
Other creditors 22,421 5,964
Directors' current accounts 73,538 -
353,994 276,489

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-5 years 53,500 126,900
Hire purchase contracts 11,973 17,079
65,473 143,979

P B Safety Consultancy Limited (Registered number: 04950120)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. PROVISIONS FOR LIABILITIES

The net reversal of expected deferred tax liabilities expected to occur in the next 12 months is £11,049.

At the balance sheet date, the company has a £32,688 deferred tax liability (2022 - £19,207) relating to accelerated capital allowances.

Factors that may affect future tax charges

An increase in the future main corporation tax rate to 25% from 1 April 2023, from the previously enacted 19% was announced in the budget on 3 March 2021, and substantively enacted 24 May 2021. The deferred tax balance at the year end has been calculated based on the rate at which the provision is expected to unwind.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 A £1 100 100
10 B £1 10 10
10 C £1 10 10
120 120

11. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end to Mr P Bean was £73,538 (2022 due from £40,172).

The amount outstanding at the year end due from People 4 Construction Limited was £35,504 (2022 - £36,304).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
P B Safety Consultancy Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P B Safety Consultancy Limited for the year ended 31 October 2023 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of P B Safety Consultancy Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P B Safety Consultancy Limited and state those matters that we have agreed to state to the director of P B Safety Consultancy Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P B Safety Consultancy Limited and its director for our work or for this report.

It is your duty to ensure that P B Safety Consultancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of P B Safety Consultancy Limited. You consider that P B Safety Consultancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P B Safety Consultancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


30 July 2024