Silverfin false 31/03/2024 01/10/2023 31/03/2024 Nicholas Barratt 01/10/2023 Patrick James Behan 01/10/2023 Joanne Elizabeth Coulson 01/10/2023 Dr Catriona Elizabeth Martin 01/10/2023 Nick Barratt Behaviour Change Consultancy Ltd 01/10/2023 22/09/2021 Pbsuk Limited 01/10/2023 22/09/2021 Positive Behaviour Support Consultancy Limited 01/10/2023 22/09/2021 Supporting Positively Limited 01/10/2023 22/09/2021 Sarah Wakeling 01/10/2023 17 December 2024 SO307369 2024-03-31 SO307369 bus:Director1 2024-03-31 SO307369 bus:Director2 2024-03-31 SO307369 bus:Director3 2024-03-31 SO307369 bus:Director4 2024-03-31 SO307369 bus:Director5 2024-03-31 SO307369 bus:Director6 2024-03-31 SO307369 bus:Director7 2024-03-31 SO307369 bus:Director8 2024-03-31 SO307369 bus:Director9 2024-03-31 SO307369 2023-09-30 SO307369 core:CurrentFinancialInstruments 2024-03-31 SO307369 core:CurrentFinancialInstruments 2023-09-30 SO307369 core:OtherPropertyPlantEquipment 2023-09-30 SO307369 core:OtherPropertyPlantEquipment 2024-03-31 SO307369 2023-10-01 2024-03-31 SO307369 bus:FullAccounts 2023-10-01 2024-03-31 SO307369 bus:SmallEntities 2023-10-01 2024-03-31 SO307369 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-03-31 SO307369 bus:LimitedLiabilityPartnershipLLP 2023-10-01 2024-03-31 SO307369 bus:Director1 2023-10-01 2024-03-31 SO307369 bus:Director2 2023-10-01 2024-03-31 SO307369 bus:Director3 2023-10-01 2024-03-31 SO307369 bus:Director4 2023-10-01 2024-03-31 SO307369 bus:Director5 2023-10-01 2024-03-31 SO307369 bus:Director6 2023-10-01 2024-03-31 SO307369 bus:Director7 2023-10-01 2024-03-31 SO307369 bus:Director8 2023-10-01 2024-03-31 SO307369 bus:Director9 2023-10-01 2024-03-31 SO307369 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-10-01 2024-03-31 SO307369 2022-10-01 2023-09-30 SO307369 core:OtherPropertyPlantEquipment 2023-10-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: SO307369 (Scotland)

PBS COLLECTIVE LLP

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 OCTOBER 2023 TO 31 MARCH 2024
PAGES FOR FILING WITH THE REGISTRAR

PBS COLLECTIVE LLP

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 OCTOBER 2023 TO 31 MARCH 2024

Contents

PBS COLLECTIVE LLP

BALANCE SHEET

AS AT 31 MARCH 2024
PBS COLLECTIVE LLP

BALANCE SHEET (continued)

AS AT 31 MARCH 2024
Note 31.03.2024 30.09.2023
£ £
Fixed assets
Tangible assets 3 0 1,011
0 1,011
Current assets
Debtors 4 6,832 26,033
Cash at bank and in hand 5 41,041 96,789
47,873 122,822
Creditors: amounts falling due within one year 6 ( 49,188) ( 89,889)
Net current (liabilities)/assets (1,315) 32,933
Total assets less current liabilities (1,315) 33,944
Net (liabilities)/assets attributable to members ( 1,315) 33,944
Represented by
Loans and other debts due to members within one year
Other amounts (33,940) 33,944
(33,940) 33,944
Members' other interests
Other reserves 32,625 0
32,625 0
(1,315) 33,944
Total members' interests
Loans and other debts due to members (33,940) 33,944
Members' other interests 32,625 0
(1,315) 33,944

For the financial period ending 31 March 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008.

Members' responsibilities:

The financial statements of PBS Collective LLP (registered number: SO307369) were approved and authorised for issue by the Board of Directors on 17 December 2024. They were signed on its behalf by:

Dr Catriona Elizabeth Martin
Designated member
Joanne Elizabeth Coulson
Designated member
PBS COLLECTIVE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 OCTOBER 2023 TO 31 MARCH 2024
PBS COLLECTIVE LLP

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 OCTOBER 2023 TO 31 MARCH 2024
1. Accounting policies

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

General information and basis of accounting

PBS Collective LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in Scotland. The address of the LLP's registered office is 24 Lauder Crescent, Perth, PH1 1SU, United Kingdom.

The financial statements have been prepared under the historical cost convention, 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 Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).

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

Going concern

As required by FRS102, the members have prepared financial statements on the basis that the LLP is no longer a going concern. No adjustments arose as a result of ceasing to apply the going concern basis.

Reporting period length

The financial statements have been prepared for the 6 month period to 31 March 2024, the date the LLP ceased trading. The comparative financial statements were prepared for the year to 30 September 2023. As such, the two periods are not entirely comparable.

Turnover

Turnover represents amounts receivable for the provision of training and consultancy regarding positive behaviour support, autism and learning disability, net of VAT.

Revenue is recognised when the company has the entitlement to the income in exchange for the provision of services.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Defined contribution schemes
The LLP operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Tangible fixed assets

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

Plant and machinery etc. 3 years straight line

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.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

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.

Basic financial assets
Basic financial assets, which include debtors and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.

Members' participation rights

Members' participation rights are the rights of a member against the LLP that arise under the members' agreement (for example, in respect of amounts subscribed or otherwise contributed, remuneration and profits).

Members’ participation rights in the earnings or assets of the LLP are analysed between those that are, from the LLP's perspective, either a financial liability or equity, in accordance with section 22 of FRS 102. A member’s participation rights including amounts subscribed or otherwise contributed by members, for example members’ capital, are classed as liabilities unless the LLP has an unconditional right to refuse payment to members, in which case they are classified as equity.

The profits are not automatically divided as they arise, the LLP therefore has an unconditional right to refuse payment of the profits for a particular year unless and until those profits are divided by a decision taken by the members; and accordingly, following such a division, those profits are classed as an appropriation or equity rather than an expense. They are therefore shown as a residual amount available for appropriation in the Profit and Loss Account.

All amounts due to members that are classified as liabilities are presented in the Statement of Financial Position within 'Loans and other debts due to members' and are charged to the Profit and Loss Account within 'Members' remuneration charged as an expense'. Amounts due to members that are classified as equity are shown in the Statement of Financial Position within 'Members' other interests'.

2. Employees

Period from
01.10.2023 to
31.03.2024
Year ended
30.09.2023
Number Number
Monthly average number of persons employed by the LLP during the period 6 2

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 October 2023 1,491 1,491
Disposals ( 1,491) ( 1,491)
At 31 March 2024 0 0
Accumulated depreciation
At 01 October 2023 480 480
Charge for the financial period 248 248
Disposals ( 728) ( 728)
At 31 March 2024 0 0
Net book value
At 31 March 2024 0 0
At 30 September 2023 1,011 1,011

4. Debtors

31.03.2024 30.09.2023
£ £
Trade debtors 6,832 25,124
Other debtors 0 909
6,832 26,033

5. Cash and cash equivalents

31.03.2024 30.09.2023
£ £
Cash at bank and in hand 41,041 96,789

6. Creditors: amounts falling due within one year

31.03.2024 30.09.2023
£ £
Trade creditors 1,772 23,745
Other taxation and social security 5,260 3,781
Other creditors 42,156 62,363
49,188 89,889

7. Loans and other debts due

In the event of a winding up the amounts included in "Loans and other debts due to members" will rank equally with unsecured creditors.

8. Subsequent events

The LLP ceased trading on 31 March 2024 and it is the intention of the members to wind up the LLP.