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REGISTERED NUMBER: 08196424 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st August 2023

for

P B Battery Solutions Limited

P B Battery Solutions Limited (Registered number: 08196424)






Contents of the Financial Statements
for the year ended 31st August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P B Battery Solutions Limited

Company Information
for the year ended 31st August 2023







DIRECTOR: Mr P Byrne





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 08196424 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

P B Battery Solutions Limited (Registered number: 08196424)

Balance Sheet
31st August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,933 25,425

CURRENT ASSETS
Stocks 22,500 36,750
Debtors 5 82,061 112,490
Cash at bank 171,951 102,082
276,512 251,322
CREDITORS
Amounts falling due within one year 6 30,104 62,197
NET CURRENT ASSETS 246,408 189,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,341

214,550

PROVISIONS FOR LIABILITIES 3,794 198
NET ASSETS 263,547 214,352

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 263,447 214,252
SHAREHOLDERS' FUNDS 263,547 214,352

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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.

P B Battery Solutions Limited (Registered number: 08196424)

Balance Sheet - continued
31st August 2023


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 12th August 2024 and were signed by:





Mr P Byrne - Director


P B Battery Solutions Limited (Registered number: 08196424)

Notes to the Financial Statements
for the year ended 31st August 2023

1. STATUTORY INFORMATION

P B Battery Solutions 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 40% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

P B Battery Solutions Limited (Registered number: 08196424)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2022
and 31st August 2023 67,898
DEPRECIATION
At 1st September 2022 42,473
Charge for year 4,492
At 31st August 2023 46,965
NET BOOK VALUE
At 31st August 2023 20,933
At 31st August 2022 25,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,336 36,273
Other debtors 44,725 76,217
82,061 112,490

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 22,340 50,570
Taxation and social security 5,734 -
Other creditors 2,030 11,627
30,104 62,197

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st August 2023 and 31st August 2022:

2023 2022
£    £   
Mr P Byrne
Balance outstanding at start of year 45,955 45,955
Amounts repaid (16,165 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,790 45,955

P B Battery Solutions Limited (Registered number: 08196424)

Notes to the Financial Statements - continued
for the year ended 31st August 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest has been charged on the overdrawn balance at the official rate.

8. ULTIMATE CONTROLLING PARTY

During the year under review the company was under the ultimate control of the directors.

9. RETAINED EARNINGS

The Director's consider the requirement to retain earnings within the company necessary in order to fund future operations whereby the company will benefit from the ability to bulk purchase products and to have capital available to invest in the purchase of business premises and operations in the EU.