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COMPANY REGISTRATION NUMBER: 09652512
PABT LIMITED
Filleted Unaudited Abridged Financial Statements
30 June 2024
PABT LIMITED
Abridged Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,306
1,742
Current assets
Stocks
375
520
Debtors
4,220
5,795
Cash at bank and in hand
9,069
11,085
--------
--------
13,664
17,400
Creditors: amounts falling due within one year
1,456
772
--------
--------
Net current assets
12,208
16,628
--------
--------
Total assets less current liabilities
13,514
18,370
Creditors: amounts falling due after more than one year
11,500
17,500
--------
--------
Net assets
2,014
870
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
2,012
868
-------
----
Shareholders funds
2,014
870
-------
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged income statement has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged income statement and the abridged statement of financial position for the year ending 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.
PABT LIMITED
Abridged Statement of Financial Position (continued)
30 June 2024
These abridged financial statements were approved by the board of directors and authorised for issue on 20 March 2025 , and are signed on behalf of the board by:
Mr P Marriott
Director
Company registration number: 09652512
PABT LIMITED
Notes to the Abridged Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Ridings Lane, Church Hill North, Redditch, Worcs, B98 8RS.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
£
Cost
At 1 July 2023 and 30 June 2024
4,864
-------
Depreciation
At 1 July 2023
3,122
Charge for the year
436
-------
At 30 June 2024
3,558
-------
Carrying amount
At 30 June 2024
1,306
-------
At 30 June 2023
1,742
-------
6. Directors' advances, credits and guarantees
The Directors Loan Accounts remained in credit throughout the year.