PBS4 09286873 false 2023-04-01 2024-06-30 2024-06-30 The principal activity of the company is the provision of behaviour support services for people with learning disabilities or challenging behaviours. Digita Accounts Production Advanced 6.30.9574.0 true true 09286873 2023-04-01 2024-06-30 09286873 2024-06-30 09286873 bus:Consolidated 2024-06-30 09286873 core:AcceleratedTaxDepreciationDeferredTax 2024-06-30 09286873 core:CurrentFinancialInstruments 2024-06-30 09286873 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 09286873 core:Non-currentFinancialInstruments 2024-06-30 09286873 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 09286873 core:FurnitureFittingsToolsEquipment 2024-06-30 09286873 bus:SmallEntities 2023-04-01 2024-06-30 09286873 bus:Audited 2023-04-01 2024-06-30 09286873 bus:FilletedAccounts 2023-04-01 2024-06-30 09286873 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-06-30 09286873 bus:RegisteredOffice 2023-04-01 2024-06-30 09286873 bus:Director1 2023-04-01 2024-06-30 09286873 bus:CompanyLimitedByGuarantee 2023-04-01 2024-06-30 09286873 core:FurnitureFittings 2023-04-01 2024-06-30 09286873 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-06-30 09286873 core:OfficeEquipment 2023-04-01 2024-06-30 09286873 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-01 2024-06-30 09286873 countries:EnglandWales 2023-04-01 2024-06-30 09286873 core:FurnitureFittingsToolsEquipment 2023-03-31 09286873 2022-04-01 2023-03-31 09286873 2023-03-31 09286873 core:AcceleratedTaxDepreciationDeferredTax 2023-03-31 09286873 core:CurrentFinancialInstruments 2023-03-31 09286873 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09286873 core:Non-currentFinancialInstruments 2023-03-31 09286873 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09286873 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09286873

Prepared for the registrar

PBS4

Annual Report and Financial Statements

for the Period from 1 April 2023 to 30 June 2024

 

PBS4

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

PBS4

Company Information

Director

J D Beebee

Registered office

Unit E
Bridgers Farm Business Park Nursling Street
Nursling
Southampton
Hampshire
SO16 0YA

Auditors

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

PBS4

(Registration number: 09286873)
Balance Sheet as at 30 June 2024

Note

2024
£

Unaudited
2023
£

Fixed assets

 

Tangible assets

4

24,736

25,099

Current assets

 

Debtors

5

1,774,498

1,397,683

Cash at bank and in hand

 

665,132

528,850

 

2,439,630

1,926,533

Creditors: Amounts falling due within one year

6

(1,031,552)

(793,452)

Net current assets

 

1,408,078

1,133,081

Total assets less current liabilities

 

1,432,814

1,158,180

Creditors: Amounts falling due after more than one year

6

(98,818)

(159,670)

Deferred tax liabilities

8

(1,758)

(2,732)

Net assets

 

1,332,238

995,778

Reserves

 

Profit and loss account

1,332,238

995,778

Shareholders' funds

 

1,332,238

995,778

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 March 2025
 


J D Beebee
Director

 

PBS4

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

 

1

General information

The company is a company limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £Nil towards the assets of the company in the event of liquidation.

The address of its registered office is:
Unit E
Bridgers Farm Business Park Nursling Street
Nursling
Southampton
Hampshire
SO16 0YA
England

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Critical accounting judgements and key sources of estimation uncertainty
These financial statements do not contain any significant judgements or estimation uncertainty.
 

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company. The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

 

PBS4

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & fittings

20% Straight line

Office equipment

20% Straight line

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

PBS4

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

PBS4

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was as follows:

 

PBS4

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

 

6

Creditors

Note

30 June 2024
 £

Unaudited
31 March 2023
 £

Due within one year

 

Loans and borrowings

7

50,227

34,989

Trade creditors

 

109,812

153,147

Social security and other taxes

 

185,289

122,706

Outstanding defined contribution pension costs

 

26,768

19,957

Other creditors

 

121,313

32,642

Accrued expenses

 

384,816

394,182

Corporation tax liability

120,621

26,587

Deferred income

 

32,706

9,242

 

1,031,552

793,452

Note

2024
£

Unaudited
2023
£

Due after one year

 

Loans and borrowings

7

98,818

159,670

 

7

Loans and borrowings

2024
£

Unaudited
2023
£

Current loans and borrowings

Bank borrowings

50,227

34,989

2024
£

Unaudited
2023
£

Non-current loans and borrowings

Bank borrowings

98,818

159,670

 

8

Deferred tax

Deferred tax assets and liabilities

2024

Liability
£

Fixed asset timing differences

1,758

2023

Liability
£

Fixed asset timing differences

2,632

 

PBS4

Notes to the Financial Statements for the Period from 1 April 2023 to 30 June 2024

 

9

Related party transactions

Summary of transactions with key management

Key management personnel are considered to be the directors of the company.

At the year end, the director owed the company £74,729 (2023 - £40,543). The maximum amount due to the company during the year was £74,729 (2023 - £40,543). There are no fixed repayment terms and interest has been charged on the loan of 2.25% totalling £1,420 (2023 - £583).

 

10

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 13 March 2025 was Simon Worsley, who signed for and on behalf of Hazlewoods LLP.