IRIS Accounts Production v24.1.0.578 10466386 Board of Directors 1.10.23 30.9.24 30.9.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104663862023-09-30104663862024-09-30104663862023-10-012024-09-30104663862022-09-30104663862022-10-012023-09-30104663862023-09-3010466386ns15:EnglandWales2023-10-012024-09-3010466386ns14:PoundSterling2023-10-012024-09-3010466386ns10:Director12023-10-012024-09-3010466386ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3010466386ns10:SmallEntities2023-10-012024-09-3010466386ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3010466386ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3010466386ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3010466386ns10:FullAccounts2023-10-012024-09-3010466386ns10:Director22023-10-012024-09-3010466386ns10:Director32023-10-012024-09-3010466386ns10:RegisteredOffice2023-10-012024-09-3010466386ns5:CurrentFinancialInstruments2024-09-3010466386ns5:CurrentFinancialInstruments2023-09-3010466386ns5:Non-currentFinancialInstruments2024-09-3010466386ns5:Non-currentFinancialInstruments2023-09-3010466386ns5:ShareCapital2024-09-3010466386ns5:ShareCapital2023-09-3010466386ns5:RetainedEarningsAccumulatedLosses2024-09-3010466386ns5:RetainedEarningsAccumulatedLosses2023-09-3010466386ns5:LeaseholdImprovements2023-10-012024-09-3010466386ns5:FurnitureFittings2023-10-012024-09-3010466386ns5:MotorVehicles2023-10-012024-09-3010466386ns5:LeaseholdImprovements2023-09-3010466386ns5:FurnitureFittings2023-09-3010466386ns5:MotorVehicles2023-09-3010466386ns5:LeaseholdImprovements2024-09-3010466386ns5:FurnitureFittings2024-09-3010466386ns5:MotorVehicles2024-09-3010466386ns5:LeaseholdImprovements2023-09-3010466386ns5:FurnitureFittings2023-09-3010466386ns5:MotorVehicles2023-09-3010466386ns5:CostValuation2023-09-3010466386ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-09-3010466386ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-09-30
REGISTERED NUMBER: 10466386 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 September 2024

for

PS & B - (Sussex) Limited

PS & B - (Sussex) Limited (Registered number: 10466386)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PS & B - (Sussex) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: P J Hewett FCCA
Mrs K Baker
M B Barber





REGISTERED OFFICE: 10 English Business Park
English Close
Hove
East Sussex
BN3 7ET





REGISTERED NUMBER: 10466386 (England and Wales)





ACCOUNTANT: AJ Wheeler Limited
338 London Road
Portsmouth
PO2 9JY

PS & B - (Sussex) Limited (Registered number: 10466386)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,354 397,686
Investments 5 50,000 50,000
313,354 447,686

CURRENT ASSETS
Stocks 294,028 -
Debtors 6 3,395,317 3,483,650
Cash at bank and in hand 10,942 42,565
3,700,287 3,526,215
CREDITORS
Amounts falling due within one year 7 164,719 190,533
NET CURRENT ASSETS 3,535,568 3,335,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,848,922

3,783,368

CREDITORS
Amounts falling due after more than one year 8 6,667 18,247
NET ASSETS 3,842,255 3,765,121

CAPITAL AND RESERVES
Called up share capital 1,000,000 1,000,000
Retained earnings 2,842,255 2,765,121
3,842,255 3,765,121

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.

PS & B - (Sussex) Limited (Registered number: 10466386)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





P J Hewett FCCA - Director


PS & B - (Sussex) Limited (Registered number: 10466386)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

PS & B - (Sussex) Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Improvements to property - in accordance with the property
Fixtures and fittings - 10% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
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.

PS & B - (Sussex) Limited (Registered number: 10466386)

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 NIL (2023 - 3 ).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 326,820 442,228 293,761 1,062,809
Additions 1,472 - - 1,472
At 30 September 2024 328,292 442,228 293,761 1,064,281
DEPRECIATION
At 1 October 2023 108,057 308,634 248,432 665,123
Charge for year - 77,052 58,752 135,804
At 30 September 2024 108,057 385,686 307,184 800,927
NET BOOK VALUE
At 30 September 2024 220,235 56,542 (13,423 ) 263,354
At 30 September 2023 218,763 133,594 45,329 397,686

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 50,000
NET BOOK VALUE
At 30 September 2024 50,000
At 30 September 2023 50,000

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 3,395,317 3,483,650

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 42,737
Other creditors 154,719 137,796
164,719 190,533

PS & B - (Sussex) Limited (Registered number: 10466386)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,667 16,667
Other creditors - 1,580
6,667 18,247

9. ULTIMATE CONTROLLING PARTY

The controlling party is Blue Bombini Limited.

The ultimate controlling party is P J Hewett FCCA.