Company Registration No. 01020679 (England and Wales)
P.B.S. Limited
Unaudited accounts
for the year ended 31 March 2024
P.B.S. Limited
Unaudited accounts
Contents
P.B.S. Limited
Company Information
for the year ended 31 March 2024
Director
Katherine Anne Standish Hayes
Secretary
Katherine Anne Standish Hayes
Company Number
01020679 (England and Wales)
Registered Office
42 Cowleigh Road
Malvern
Worcestershire
WR14 1QD
Accountants
Louise Newman and co Ltd
2 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
P.B.S. Limited
Statement of financial position
as at 31 March 2024
Investment property
565,000
412,000
Cash at bank and in hand
64,248
44,750
Creditors: amounts falling due within one year
(28,033)
(25,268)
Net current assets
39,700
24,167
Net assets
604,700
436,388
Called up share capital
7,200
7,200
Revaluation reserve
248,820
95,820
Profit and loss account
348,680
333,368
Shareholders' funds
604,700
436,388
For the year ending 31 March 2024 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 1 October 2024 and were signed on its behalf by
Katherine Anne Standish Hayes
Director
Company Registration No. 01020679
P.B.S. Limited
Notes to the Accounts
for the year ended 31 March 2024
P.B.S. Limited is a private company, limited by shares, registered in England and Wales, registration number 01020679. The registered office is 42 Cowleigh Road, Malvern, Worcestershire, WR14 1QD.
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.
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:
Plant & machinery
25% on cost
Investment property is included at market fair value. Gains are recognised in the income statement.
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.
P.B.S. Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Fair value at 1 April 2023
412,000
Net gain from fair value adjustments
153,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,637
4,277
Other creditors
11,028
10,623
Loans from directors
10,368
10,368
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).