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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
Page
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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
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P.B.S. Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
221 
Investment property
565,000 
412,000 
565,000 
412,221 
Current assets
Debtors
3,485 
4,685 
Cash at bank and in hand
64,248 
44,750 
67,733 
49,435 
Creditors: amounts falling due within one year
(28,033)
(25,268)
Net current assets
39,700 
24,167 
Net assets
604,700 
436,388 
Capital and reserves
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
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P.B.S. Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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
Investment property is included at market fair value. Gains are recognised in the income statement.
Deferred taxation
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.
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P.B.S. Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
8,592 
At 31 March 2024
8,592 
Depreciation
At 1 April 2023
8,371 
Charge for the year
221 
At 31 March 2024
8,592 
Net book value
At 31 March 2024
- 
At 31 March 2023
221 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
412,000 
Net gain from fair value adjustments
153,000 
At 31 March 2024
565,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,485 
4,685 
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 
28,033 
25,268 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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