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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
Page
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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
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PBS Care Homes Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
191,405 
93,478 
Current assets
Debtors
116,854 
31,566 
Cash at bank and in hand
82,629 
179,322 
199,483 
210,888 
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)
- 
Net assets
101,367 
29,885 
Capital and reserves
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
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PBS Care Homes Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
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.
Leased assets
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.
Pension costs
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.
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PBS Care Homes Ltd Notes to the Accounts for the year ended 30 September 2024
Financial instruments
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 
Depreciation
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 
Net book value
At 30 September 2024
72,182 
37,163 
82,060 
191,405 
At 30 September 2023
46,381 
20,456 
26,641 
93,478 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
110,210 
23,954 
Accrued income and prepayments
6,644 
7,612 
116,854 
31,566 
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 
Other creditors
- 
26,871 
Loans from directors
58,322 
77,899 
Accruals
56,357 
82,631 
279,700 
274,481 
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).
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