Company Registration No. 11571666 (England and Wales)
PBS Care Homes Ltd
Unaudited accounts
for the year ended 30 September 2024
PBS Care Homes Ltd
Unaudited accounts
Contents
PBS Care Homes Ltd
Company Information
for the year ended 30 September 2024
Directors
John Lawrence
Julie Anne Woraker
Company Number
11571666 (England and Wales)
Registered Office
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants
Guida Accountancy Ltd
14 Southwold Crescent
Benfleet
Essex
SS7 5SW
PBS Care Homes Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
191,405
93,478
Cash at bank and in hand
82,629
179,322
Creditors: amounts falling due within one year
(279,700)
(274,481)
Net current liabilities
(80,217)
(63,593)
Total assets less current liabilities
111,188
29,885
Creditors: amounts falling due after more than one year
(9,821)
-
Called up share capital
100
100
Profit and loss account
101,267
29,785
Shareholders' funds
101,367
29,885
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by
John Lawrence
Director
Company Registration No. 11571666
PBS Care Homes Ltd
Notes to the Accounts
for the year ended 30 September 2024
PBS Care Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11571666. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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 £ sterling.
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 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:
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
PBS Care Homes Ltd
Notes to the Accounts
for the year ended 30 September 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
46,607
42,745
45,053
134,405
Additions
35,282
32,254
74,190
141,726
At 30 September 2024
81,889
74,999
119,243
276,131
At 1 October 2023
226
22,289
18,412
40,927
Charge for the year
9,481
15,547
18,771
43,799
At 30 September 2024
9,707
37,836
37,183
84,726
At 30 September 2024
72,182
37,163
82,060
191,405
At 30 September 2023
46,381
20,456
26,641
93,478
Amounts falling due within one year
Trade debtors
110,210
23,954
Accrued income and prepayments
6,644
7,612
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
8,418
4,583
Trade creditors
57,491
1,105
Taxes and social security
99,112
81,392
Loans from directors
58,322
77,899
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
9,821
-
8
Average number of employees
During the year the average number of employees was 26 (2023: 19).