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REGISTERED NUMBER: 14088616 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Pro B Sales & Servicing Ltd

Pro B Sales & Servicing Ltd (Registered number: 14088616)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pro B Sales & Servicing Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A C Browne





SECRETARY:





REGISTERED OFFICE: 31 West Street
Swadlincote
DE11 9DN





REGISTERED NUMBER: 14088616 (England and Wales)





ACCOUNTANTS: Amos Accountancy Limited
31 West Street
Swadlincote
Derbyshire
DE11 9DN

Pro B Sales & Servicing Ltd (Registered number: 14088616)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,001 113,240

CURRENT ASSETS
Debtors 5 875 1,631
Cash at bank 5,010 1,909
5,885 3,540
CREDITORS
Amounts falling due within one year 6 172,653 135,468
NET CURRENT LIABILITIES (166,768 ) (131,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,767

)

(18,688

)

CREDITORS
Amounts falling due after more than one
year

7

14,812

15,662
NET LIABILITIES (95,579 ) (34,350 )

RESERVES
Retained earnings (95,579 ) (34,350 )
(95,579 ) (34,350 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:



A C Browne - Director


Pro B Sales & Servicing Ltd (Registered number: 14088616)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Pro B Sales & Servicing Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Pro B Sales & Servicing Ltd (Registered number: 14088616)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 133,850
DEPRECIATION
At 1 June 2023 20,610
Charge for year 27,239
At 31 May 2024 47,849
NET BOOK VALUE
At 31 May 2024 86,001
At 31 May 2023 113,240

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 875 1,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 12,957 -
Other creditors 159,696 135,468
172,653 135,468

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 14,812 15,662