Company Registration No. 10164088 (England and Wales)
PRCB Limited
Unaudited accounts
for the year ended 31 May 2024
PRCB Limited
Company Information
for the year ended 31 May 2024
Director
Paul Robert Seaby
Company Number
10164088 (England and Wales)
Registered Office
2 Field View
Kingsnorth
Ashford
TN23 3NZ
England
Accountants
IAB Accountants Limited
200 Selbourne Road
Luton
Bedfordshire
LU4 8LT
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
PRCB Limited
for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PRCB Limited for the year ended
31 May 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of PRCB Limited, as a body, in accordance with the terms of our engagement letter dated 18 December 2020. Our work has been undertaken solely to prepare for your approval the accounts of PRCB Limited and state those matters that we have agreed to state to the Board of Directors of PRCB Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PRCB Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PRCB Limited 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 of PRCB Limited. You consider that PRCB Limited 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 PRCB Limited. 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.
IAB Accountants Limited
Chartered Certified Accountants
200 Selbourne Road
Luton
Bedfordshire
LU4 8LT
17 February 2025
PRCB Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
2,963
2,632
Creditors: amounts falling due within one year
(1,885)
(1,285)
Net current assets
2,184
1,347
Called up share capital
100
100
Profit and loss account
2,084
1,247
Shareholders' funds
2,184
1,347
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 17 February 2025 and were signed on its behalf by
Paul Robert Seaby
Director
Company Registration No. 10164088
PRCB Limited
Notes to the Accounts
for the year ended 31 May 2024
PRCB Limited is a private company, limited by shares, registered in England and Wales, registration number 10164088. The registered office is 2 Field View, Kingsnorth, Ashford, TN23 3NZ, England.
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.
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.
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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,268
1,285
PRCB Limited
Notes to the Accounts
for the year ended 31 May 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Transactions with related parties
The company was under the control of the director throughout the current year.
The ultimate controlling party is Paul Robert Seaby.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).