1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 28,104 1,837 29,941 7,437 3,375 10,812 19,129 20,667 xbrli:pure xbrli:shares iso4217:GBP 8349432 2023-02-01 2024-01-31 8349432 2024-01-31 8349432 2023-01-31 8349432 2022-02-01 2023-01-31 8349432 2023-01-31 8349432 2022-01-31 8349432 core:PlantMachinery 2023-02-01 2024-01-31 8349432 core:PlantMachinery 2023-01-31 8349432 core:PlantMachinery 2024-01-31 8349432 core:WithinOneYear 2024-01-31 8349432 core:WithinOneYear 2023-01-31 8349432 core:AfterOneYear 2024-01-31 8349432 core:AfterOneYear 2023-01-31 8349432 core:ShareCapital 2024-01-31 8349432 core:ShareCapital 2023-01-31 8349432 core:RetainedEarningsAccumulatedLosses 2024-01-31 8349432 core:RetainedEarningsAccumulatedLosses 2023-01-31 8349432 core:PlantMachinery 2023-01-31 8349432 bus:Director1 2023-02-01 2024-01-31 8349432 bus:SmallEntities 2023-02-01 2024-01-31 8349432 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 8349432 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 8349432 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 8349432 bus:FullAccounts 2023-02-01 2024-01-31
COMPANY REGISTRATION NUMBER: 8349432
PB BATHROOMS & PLUMBING LTD
Filleted Unaudited Financial Statements
31 January 2024
PB BATHROOMS & PLUMBING LTD
Financial Statements
Year ended 31st January 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
PB BATHROOMS & PLUMBING LTD
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
19,129
20,667
Current assets
Debtors
6
580
1,406
Cash at bank and in hand
102
841
----
-------
682
2,247
Creditors: amounts falling due within one year
7
12,432
19,116
--------
--------
Net current liabilities
11,750
16,869
--------
--------
Total assets less current liabilities
7,379
3,798
Creditors: amounts falling due after more than one year
8
3,860
6,591
-------
-------
Net assets/(liabilities)
3,519
( 2,793)
-------
-------
Capital and reserves
Called up share capital
1
1
Profit and loss account
3,518
( 2,794)
-------
-------
Shareholder funds/(deficit)
3,519
( 2,793)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
PB BATHROOMS & PLUMBING LTD
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 29 October 2024 , and are signed on behalf of the board by:
MR P BAILEY DIRECTOR
Company registration number: 8349432
PB BATHROOMS & PLUMBING LTD
Notes to the Financial Statements
Year ended 31st January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/268 Chapel Street, Salford, Manchester, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
15% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Particulars of employees
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1st February 2023
28,104
28,104
Additions
1,837
1,837
--------
--------
At 31st January 2024
29,941
29,941
--------
--------
Depreciation
At 1st February 2023
7,437
7,437
Charge for the year
3,375
3,375
--------
--------
At 31st January 2024
10,812
10,812
--------
--------
Carrying amount
At 31st January 2024
19,129
19,129
--------
--------
At 31st January 2023
20,667
20,667
--------
--------
6. Debtors
2024
2023
£
£
Other debtors
580
1,406
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
12,432
19,116
--------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
3,860
6,591
-------
-------
9. Director's advances, credits and guarantees
Included within other creditors above is an amount of £9,069 (2023: £15,558) owed to the director. No interest has been charged and the amount is repayable on demand.
10. Related party transactions
The company was under the control of Mr P Bailey throughout the current period. Mr P Bailey is the managing director and majority shareholder.