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Company No: 03049561 (England and Wales)

PBA SOLUTIONS (LANDSCAPE) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

PBA SOLUTIONS (LANDSCAPE) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

PBA SOLUTIONS (LANDSCAPE) LIMITED

BALANCE SHEET

As at 31 March 2024
PBA SOLUTIONS (LANDSCAPE) LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 335,760 348,439
335,760 348,439
Current assets
Stocks 4 13,676 13,356
Debtors 5 94,821 83,464
Cash at bank and in hand 103,303 132,758
211,800 229,578
Creditors: amounts falling due within one year 6 ( 122,609) ( 118,908)
Net current assets 89,191 110,670
Total assets less current liabilities 424,951 459,109
Creditors: amounts falling due after more than one year 7 ( 211,703) ( 238,967)
Net assets 213,248 220,142
Capital and reserves
Called-up share capital 532 532
Profit and loss account 212,716 219,610
Total shareholders' funds 213,248 220,142

For the financial 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.

Directors' responsibilities:

The financial statements of PBA Solutions (Landscape) Limited (registered number: 03049561) were approved and authorised for issue by the Board of Directors on 30 October 2024. They were signed on its behalf by:

J P Barton
Director
PBA SOLUTIONS (LANDSCAPE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
PBA SOLUTIONS (LANDSCAPE) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

PBA Solutions (Landscape) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bryn Gardens, Rake Road, Liss, GU33 7HB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Land and buildings Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 April 2023 302,420 22,796 63,430 16,283 404,929
Additions 0 0 12,990 0 12,990
Disposals 0 0 ( 31,200) 0 ( 31,200)
At 31 March 2024 302,420 22,796 45,220 16,283 386,719
Accumulated depreciation
At 01 April 2023 0 17,976 31,308 7,206 56,490
Charge for the financial year 0 1,205 7,915 2,269 11,389
Disposals 0 0 ( 16,920) 0 ( 16,920)
At 31 March 2024 0 19,181 22,303 9,475 50,959
Net book value
At 31 March 2024 302,420 3,615 22,917 6,808 335,760
At 31 March 2023 302,420 4,820 32,122 9,077 348,439

4. Stocks

2024 2023
£ £
Stocks 13,676 13,356

5. Debtors

2024 2023
£ £
Trade debtors 91,937 80,538
Other debtors 2,884 2,926
94,821 83,464

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured £ 4,060) 14,058 17,408
Trade creditors 57,416 54,043
Taxation and social security 41,457 29,667
Obligations under finance leases and hire purchase contracts (secured) 3,025 5,523
Other creditors 6,653 12,267
122,609 118,908

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured £ 198,442) 211,703 222,125
Obligations under finance leases and hire purchase contracts 0 16,842
211,703 238,967

The bank loan is secured by a fixed and floating charge over the freehold property. Hire purchase contracts are secured on the assets to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (secured / repayable by instalments) 156,203 158,542

8. Financial commitments

Commitments

Capital commitments are as follows:

2024 2023
£ £
Contracted for but not provided for:
Finance leases entered into 10,361 0

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Advanced to directors 3,705 0