Company registration number 04412825 (England and Wales)
PARTNERSHIP AGAINST BUSINESS CRIME IN STAFFORDSHIRE (PABCIS)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
PARTNERSHIP AGAINST BUSINESS CRIME IN STAFFORDSHIRE (PABCIS)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
PARTNERSHIP AGAINST BUSINESS CRIME IN STAFFORDSHIRE (PABCIS)
BALANCE SHEET
AS AT
27 APRIL 2023
27 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,891
1,535
Current assets
Debtors
4
75,883
102,884
Cash at bank and in hand
28,419
24,395
104,302
127,279
Creditors: amounts falling due within one year
5
(66,467)
(68,470)
Net current assets
37,835
58,809
Net assets
39,726
60,344
Reserves
Income and expenditure account
39,726
60,344
Members' funds
39,726
60,344
The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true
For the financial year ended 27 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 August 2024 and are signed on its behalf by:
Mr R T Edwards
Director
Company registration number 04412825 (England and Wales)
PARTNERSHIP AGAINST BUSINESS CRIME IN STAFFORDSHIRE (PABCIS)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 27 APRIL 2023
- 2 -
1
Accounting policies
Company information
Partnership Against Business Crime in Staffordshire (PABCIS) is a private company limited by guarantee incorporated in England and Wales. The registered office is Suite 2, Albion House, 2 Etruria Office Village, Forge Lane, Etruria, Stoke on Trent, Staffordshire, ST1 5RQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Income and expenditure
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% on reducing balance
Computers
33% on cost
1.4
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.
1.5
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
PARTNERSHIP AGAINST BUSINESS CRIME IN STAFFORDSHIRE (PABCIS)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 APRIL 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
6
6
3
Tangible fixed assets
Plant and equipment
Computers
Total
£
£
£
Cost
At 28 April 2022
5,310
14,090
19,400
Additions
519
967
1,486
At 27 April 2023
5,829
15,057
20,886
Depreciation and impairment
At 28 April 2022
4,966
12,899
17,865
Depreciation charged in the year
123
1,007
1,130
At 27 April 2023
5,089
13,906
18,995
Carrying amount
At 27 April 2023
740
1,151
1,891
At 27 April 2022
344
1,191
1,535
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
75,883
102,884
There is an amount of £63,167 (2022 £100,193) outstanding from J & A Edwards Limited, this is made up of £59,591 monies advanced from PABCIS to J & A Edwards Limited and £3,576 of interest charged at 6% PA.
PARTNERSHIP AGAINST BUSINESS CRIME IN STAFFORDSHIRE (PABCIS)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 27 APRIL 2023
- 4 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
50,233
12,335
Other creditors
16,234
56,135
66,467
68,470