Registered number
04054962
PB Residential Care Limited
Filleted Accounts
30 April 2024
PB Residential Care Limited
Registered number: 04054962
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 5 503,226 504,300
Current assets
Stocks 1,950 1,950
Debtors 6 374,681 343,538
Cash at bank and in hand 359,815 234,624
736,446 580,112
Creditors: amounts falling due within one year 7 (936,501) (878,696)
Net current liabilities (200,055) (298,584)
Total assets less current liabilities 303,171 205,716
Creditors: amounts falling due after more than one year 8 (9,090) (9,090)
Provisions for liabilities (345) (389)
Net assets 293,736 196,237
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 292,736 195,237
Shareholder's funds 293,736 196,237
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs L A K Khurana
Director
Approved by the board on 27 January 2025 and signed on its behalf
PB Residential Care Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
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).
Going concern
As at 30th April 2023, the company had net current liabilities of £200,055. It relies on the support of its parent company, Dryband One Limited, to discharge its liabilities. Although group creditors are shown as payable within one year, the directors of Dryband One Limited have confirmed that the they will not call on these loans for the foreseeable future, being at least 12 months from the date of approving these financial statements. The going concern principle has been applied and the director believes that this is appropriate.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Depreciation is not provided on freehold buildings because the residual value of the buildings at the end of their useful life is expected to be higher than its cost or revaluation. No impairment losses are expected but all categories of fixed assets are annually reviewed for impairment.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Mark Jackson BA FCA
Firm: Jacksons
Date of audit report: 27 January 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 29 27
4 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 100,000
At 30 April 2024 100,000
Amortisation
At 1 May 2023 100,000
At 30 April 2024 100,000
Net book value
At 30 April 2024 -
5 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 May 2023 1,061,068 180,340 1,241,408
At 30 April 2024 1,061,068 180,340 1,241,408
Depreciation
At 1 May 2023 561,068 176,040 737,108
Charge for the year - 1,074 1,074
At 30 April 2024 561,068 177,114 738,182
Net book value
At 30 April 2024 500,000 3,226 503,226
At 30 April 2023 500,000 4,300 504,300
6 Debtors 2024 2023
£ £
Trade debtors 28,119 20,566
Amounts owed by group undertakings and undertakings in which the company has a participating interest 297,600 297,243
Other debtors 48,962 25,729
374,681 343,538
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 35,729 25,478
Amounts owed to group undertakings and undertakings in which the company has a participating interest 776,378 775,906
Taxation and social security costs 42,748 16,602
Other creditors 81,646 60,710
936,501 878,696
8 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 9,090 9,090
9 Controlling party
The company's parent is Dryband One Limited, a company incorporated in England. The ultimate control is held by L A K Khurana.
Dryband One Limited prepares consolidated accounts. Its registered office is 68 Butt Lane, Laceby, Grimsby, North East Lincolnshire DN37 7AH
10 Other information
PB Residential Care Limited is a private company limited by shares and incorporated in England. Its registered office is:
Newgrove House
Station Road
New Waltham
Grimsby
DN36 4RZ
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