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Logo On Report
Registered Number: 08718019
England and Wales

 

 

 

P34B LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2023

End date: 31 October 2024
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts P34B Ltd for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of P34B Ltd for the year ended 31 October 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.cimaglobal.com.
This report is made solely to the Board of Directors of P34B Ltd , as a body, in accordance with the terms of our engagement letter dated 11 December 2024. Our work has been undertaken solely to prepare for your approval the accounts of P34B Ltd and state those matters that we have agreed to state to the Board of Directors of P34B Ltd, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P34B Ltd and its Board of Directors as a body for our work or for this report
It is your duty to ensure that P34B Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit P34B Ltd. You consider that P34B Ltd is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of P34B Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Rivington Accounts Ltd
Bank House
6-8 Church Street
Adlington
Lancashire
PR7 4EX
11 December 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 8,152    5,049 
8,152    5,049 
Current assets      
Debtors 65,259    46,129 
Cash at bank and in hand 87,862    88,291 
153,121    134,420 
Creditors: amount falling due within one year (43,431)   (31,879)
Net current assets 109,690    102,541 
 
Total assets less current liabilities 117,842    107,590 
Provisions for liabilities (1,820)   (1,117)
Net assets 116,022    106,473 
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account 116,021    106,472 
Shareholders' funds 116,022    106,473 
 


For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 11 December 2024 and were signed on its behalf by:


-------------------------------
Neil Horner
Director
2
General Information
P34B Ltd is a private company, limited by shares, registered in England and Wales, registration number 08718019, registration address 8 Market Place , Adlington , Lancashire, PR7 4EX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
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:
Computer Equipment 25% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 November 2023   131    10,124    10,255 
Additions 1,453    3,733    332    5,518 
Disposals      
At 31 October 2024 1,453    3,864    10,456    15,773 
Depreciation
At 01 November 2023   58    5,148    5,206 
Charge for year 363    951    1,101    2,415 
On disposals      
At 31 October 2024 363    1,009    6,249    7,621 
Net book values
Closing balance as at 31 October 2024 1,090    2,855    4,207    8,152 
Opening balance as at 01 November 2023   73    4,976    5,049 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Class A shares of £0.50 each  
 

3