REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
PB DONCASTER LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
FOR |
PB DONCASTER LIMITED |
PB DONCASTER LIMITED (REGISTERED NUMBER: 08755807) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PB DONCASTER LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
24 St Cuthberts Way |
Darlington |
DL1 1GB |
PB DONCASTER LIMITED (REGISTERED NUMBER: 08755807) |
BALANCE SHEET |
30 NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
PB DONCASTER LIMITED (REGISTERED NUMBER: 08755807) |
BALANCE SHEET - continued |
30 NOVEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
PB DONCASTER LIMITED (REGISTERED NUMBER: 08755807) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
PB Doncaster Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Intangible assets |
Goodwill, being the amount paid in connection with the acquisition of the business is being amortised evenly over its estimated useful life of ten years. |
The franchise fee was being amortised evenly over the period of the franchise agreement of 7.9 years. |
Tangible fixed assets |
Depreciation is provided to write off each asset evenly over its estimated useful life. |
Fixtures, fittings and equipment - 7.9 to 10 years |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for slow moving items. |
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. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. |
Pension costs |
The company contributes to an auto enrolment pension scheme. Contributions payable to the scheme are charged to the profit and loss account in the period to which they relate. |
Grants |
Grants in respect of revenue expenditure are credited to the profit and loss account in the period the related expenditure is incurred. |
PB DONCASTER LIMITED (REGISTERED NUMBER: 08755807) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INTANGIBLE FIXED ASSETS |
Franchise |
Goodwill | fee | Totals |
£ | £ | £ |
COST |
At 1 December 2022 |
and 30 November 2023 |
AMORTISATION |
At 1 December 2022 |
Amortisation for year |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
5. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
and |
equipment |
£ |
COST |
At 1 December 2022 |
Additions |
Disposals | ( |
) |
At 30 November 2023 |
DEPRECIATION |
At 1 December 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
At 30 November 2022 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amount due from related party | 112,825 | 112,825 |
Prepayments and accrued income |
Social security and other taxes | 6,632 | - |
PB DONCASTER LIMITED (REGISTERED NUMBER: 08755807) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loan |
Trade creditors |
Corporation tax |
Social security and other taxes |
Directors' current accounts | 154,950 | 156,203 |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loan repayable in two to five years by instalments |
9. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2023 | 2022 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
10. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 3,600 | 400 |
Deferred |
tax |
£ |
Balance at 1 December 2022 |
Movement in provision | 3,200 |
Balance at 30 November 2023 |
The deferred tax provision relates to accelerated capital allowances. |
11. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
'A' ordinary | £1 | 200 | 200 |
PB DONCASTER LIMITED (REGISTERED NUMBER: 08755807) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2023 |
12. | GUARANTEES |
The company has given a charge over all of its assets in respect of a bank loan to PB Doncaster Properties Limited, a company with common shareholders and directors. |
13. | RELATED PARTY DISCLOSURES |
During the year dividends of £20,000 (2022 - £20,000) were paid to each of P Calladine and to Mrs R Calladine. |
At the balance sheet date £112,825 (2022 - £112,825) was due from PB Doncaster Properties Limited, a company in which P Calladine and Mrs R Calladine are directors and shareholders. |
During the year rent of £25,000 (2022 - £25,000) was charged by PB Doncaster Properties Limited. |
14. | CONTROLLING PARTY |
P Calladine and his wife Mrs R Calladine own the entire issued share capital of the company. |