Company Registration No. 08905835 (England and Wales)
P B Forbes Limited
Unaudited accounts
for the year ended 29 February 2024
P B Forbes Limited
Unaudited accounts
Contents
P B Forbes Limited
Company Information
for the year ended 29 February 2024
Company Number
08905835 (England and Wales)
Registered Office
168 Hartford Road
Huntingdon
Cambs
PE29 1XQ
Accountants
C J Dyke & Company
The Old Police Station
Priory Road
St Ives
Cambs
PE27 5BB
P B Forbes Limited
Statement of financial position
as at 29 February 2024
Tangible assets
2,388
2,809
Cash at bank and in hand
5,013
7,246
Creditors: amounts falling due within one year
(12,312)
(6,419)
Net current assets
5,709
13,288
Total assets less current liabilities
8,097
16,097
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
7,463
15,463
Shareholders' funds
7,563
15,563
For the year ending 29 February 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 his 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 20 November 2024 and were signed on its behalf by
Mr P B Forbes
Director
Company Registration No. 08905835
P B Forbes Limited
Notes to the Accounts
for the year ended 29 February 2024
P B Forbes Limited is a private company, limited by shares, registered in England and Wales, registration number 08905835. The registered office is 168 Hartford Road, Huntingdon, Cambs, PE29 1XQ.
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.
The accounts are presented in ã sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
15% reducing balance
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 Forbes Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
13,008
12,461
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,041
4,483
Loans from directors
2,931
6
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).