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REGISTERED NUMBER: 12861287 (England and Wales)













PART B GROUP LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






PART B GROUP LTD (REGISTERED NUMBER: 12861287)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


PART B GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr J S Davis
Mr J D Taylor





REGISTERED OFFICE: Pera Business Park
Nottingham Road
Melton Mowbray
LE13 0PB





REGISTERED NUMBER: 12861287 (England and Wales)





ACCOUNTANTS: Carston ETL
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

PART B GROUP LTD (REGISTERED NUMBER: 12861287)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 172,887 182,258

CURRENT ASSETS
Debtors 5 954,504 653,950
Investments 6 870 870
Cash at bank 144,330 264,974
1,099,704 919,794
CREDITORS
Amounts falling due within one year 7 537,764 484,870
NET CURRENT ASSETS 561,940 434,924
TOTAL ASSETS LESS CURRENT LIABILITIES 734,827 617,182

CREDITORS
Amounts falling due after more than one year 8 (71,650 ) (77,529 )

PROVISIONS FOR LIABILITIES (37,784 ) (45,565 )
NET ASSETS 625,393 494,088

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 625,293 493,988
625,393 494,088

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PART B GROUP LTD (REGISTERED NUMBER: 12861287)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:




Mr J S Davis - Director



Mr J D Taylor - Director


PART B GROUP LTD (REGISTERED NUMBER: 12861287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Part B Group 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% straight line on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

PART B GROUP LTD (REGISTERED NUMBER: 12861287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 October 2023 180,680 14,985 104,376 63,547 363,588
Additions 32,686 657 21,874 41,725 96,942
Disposals (20,000 ) - - - (20,000 )
At 30 September 2024 193,366 15,642 126,250 105,272 440,530
DEPRECIATION
At 1 October 2023 118,908 4,497 35,275 22,650 181,330
Charge for year 48,341 3,910 22,744 26,318 101,313
Eliminated on disposal (15,000 ) - - - (15,000 )
At 30 September 2024 152,249 8,407 58,019 48,968 267,643
NET BOOK VALUE
At 30 September 2024 41,117 7,235 68,231 56,304 172,887
At 30 September 2023 61,772 10,488 69,101 40,897 182,258

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 October 2023 104,376
Additions 21,874
At 30 September 2024 126,250
DEPRECIATION
At 1 October 2023 35,275
Charge for year 22,744
At 30 September 2024 58,019
NET BOOK VALUE
At 30 September 2024 68,231
At 30 September 2023 69,101

PART B GROUP LTD (REGISTERED NUMBER: 12861287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 758,193 518,295
Amounts owed by group undertakings 159,722 107,892
Amounts owed by associates 840 40
Other debtors 35,749 27,723
954,504 653,950

6. CURRENT ASSET INVESTMENTS
2024 2023
£ £
Shares in group undertakings 870 870

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 1,532 2,244
Hire purchase contracts 26,773 11,568
Trade creditors 233,815 219,759
Amounts owed to group undertakings 800 870
Amounts owed to associates - 17,876
Taxation and social security 272,594 230,453
Other creditors 2,250 2,100
537,764 484,870

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Hire purchase contracts 71,650 77,529

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts 98,423 89,097

The loans in respect of hire purchase agreements are secured against the assets to which they relate.

10. RELATED PARTY DISCLOSURES

Part B Consulting Limited holds 60% of the share capital in the company.
James Davis (a director of the company) owns 60% of the share capital in Part B Consulting Limited.

One Fire Consulting Limited holds 40% of the share capital in the company.
Jozef Taylor (a director of the company) owns 50% of the share capital in One Fire Consulting Limited.

PART B GROUP LTD (REGISTERED NUMBER: 12861287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


11. ULTIMATE CONTROLLING PARTY

The immediate parent company of the company is Part B Consulting Limited (12267326)

Part B Consulting Limited held 60% of the share capital of Part B Group Limited during the year.

The ultimate controlling party of Part B Consulting Limited is Mr Jamie Scott Davis who holds 60% of the share capital in Part B Consulting Limited.