Registered number
07788101
PBHS Utilities Limited
Filleted Accounts
30 September 2024
PBHS Utilities Limited
Registered number: 07788101
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,844 51,888
Current assets
Stocks 253,400 329,000
Debtors 4 968,544 765,500
1,221,944 1,094,500
Creditors: amounts falling due within one year 5 (548,021) (404,308)
Net current assets 673,923 690,192
Total assets less current liabilities 701,767 742,080
Creditors: amounts falling due after more than one year 6 (139,632) (110,960)
Provisions for liabilities (6,961) (9,859)
Net assets 555,174 621,261
Capital and reserves
Called up share capital 300 300
Profit and loss account 554,874 620,961
Shareholders' funds 555,174 621,261
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
K Bates
Director
Approved by the board on 19 February 2025
PBHS Utilities Limited
Notes to the Accounts
for the year ended 30 September 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).
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.
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% straight line
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 Employees 2024 2023
Number Number
Average number of persons employed by the company 35 75
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 275,100 146,700 421,800
Disposals - (24,900) (24,900)
At 30 September 2024 275,100 121,800 396,900
Depreciation
At 1 October 2023 271,080 98,832 369,912
Charge for the year 4,020 10,122 14,142
On disposals - (14,998) (14,998)
At 30 September 2024 275,100 93,956 369,056
Net book value
At 30 September 2024 - 27,844 27,844
At 30 September 2023 4,020 47,868 51,888
4 Debtors 2024 2023
£ £
Trade debtors 687,125 279,221
Other debtors 281,419 486,279
968,544 765,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 213,984 191,609
Trade creditors 226,824 106,991
Corporation tax 49,062 76,728
Other taxes and social security costs 58,151 28,980
548,021 404,308
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 139,632 110,960
7 Other information
PBHS Utilities Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3-5 The Recovery Centre
Wakefield Road
Barnsley
South Yorkshire
S71 1NU
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