2023-04-01 04202585 2024-03-31 04202585 2023-04-01 2024-03-31 04202585 2023-03-31 04202585 2022-04-01 2023-03-31 04202585 uk-core:WithinOneYear 2023-03-31 04202585 uk-core:WithinOneYear 2024-03-31 04202585 uk-core:ShareCapital 2024-03-31 04202585 uk-core:ShareCapital 2023-03-31 04202585 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 04202585 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 04202585 uk-bus:Director1 2023-04-01 2024-03-31 04202585 uk-core:Buildings 2023-04-01 2024-03-31 04202585 uk-core:FurnitureFittings 2023-04-01 2024-03-31 04202585 uk-core:FurnitureFittings 2023-03-31 04202585 uk-core:Buildings 2023-03-31 04202585 uk-core:Buildings 2024-03-31 04202585 uk-core:FurnitureFittings 2024-03-31 iso4217:GBP xbrli:pure 04202585 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04202585 uk-bus:FRS102 2023-04-01 2024-03-31 04202585 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 04202585 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
PBMS (Torquay) Limited
Registered Number:04202585
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
PBMS (Torquay) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04202585
As at 31 March 2024
PBMS (Torquay) Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
244,919
245,337
2
244,919
245,337
Current assets
Trade and other receivables
695
695
4
142,459
Cash and cash equivalents
135,652
136,347
143,154
Trade and other payables: amounts falling due within one
year
(38,605)
(21,010)
5
104,549
115,337
Net current assets
Total assets less current liabilities
360,256
349,886
-
(109)
Provisions for liabilities
360,256
Net assets
349,777
Capital and reserves
Called up share capital
2
2
Retained earnings
360,254
349,775
360,256
349,777
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Christopher Bettesworth Director
These financial statements were approved and authorised for issue by the Board on 11 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
PBMS (Torquay) Limited
Notes to the Financial Statements
Statutory Information
PBMS (Torquay) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04202585.
Registered address:
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
0% Straight line
Plant and machinery
25% Reducing balance
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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5
For the year ended 31 March 2024
PBMS (Torquay) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 April 2023
256,799
13,132
243,667
At 31 March 2024
243,667
13,132
256,799
Provision for depreciation and impairment
At 01 April 2023
11,462
11,462
-
Charge for year
418
418
-
At 31 March 2024
11,880
11,880
-
At 31 March 2024
Net book value
243,667
1,252
244,919
At 31 March 2023
243,667
1,670
245,337
3. Investments held as fixed assets
4. Trade and other receivables
2023
2024
£
£
Other debtors
695
695
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2,000
2,000
Taxation and social security
3,499
1,920
Other creditors
15,511
34,685
21,010
38,605
6. Related party transactions
The company was under the control of Mr C & Mrs C M Bettesworth during this year.
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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