2023-04-012024-03-312024-03-31falseSC442601Pb (Edinburgh) Ltd.2025-03-17falseiso4217:GBPxbrli:pureSC4426012023-04-01SC4426012024-03-31SC4426012023-04-012024-03-31SC4426012022-04-01SC4426012023-03-31SC4426012022-04-012023-03-31SC442601bus:SmallEntities2023-04-012024-03-31SC442601bus:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC442601bus:FullAccounts2023-04-012024-03-31SC442601bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC442601core:WithinOneYear2024-03-31SC442601core:AfterOneYear2024-03-31SC442601core:WithinOneYear2023-03-31SC442601core:AfterOneYear2023-03-31SC442601core:ShareCapital2024-03-31SC442601core:SharePremium2024-03-31SC442601core:RevaluationReserve2024-03-31SC442601core:OtherReservesSubtotal2024-03-31SC442601core:RetainedEarningsAccumulatedLosses2024-03-31SC442601core:ShareCapital2023-03-31SC442601core:SharePremium2023-03-31SC442601core:RevaluationReserve2023-03-31SC442601core:OtherReservesSubtotal2023-03-31SC442601core:RetainedEarningsAccumulatedLosses2023-03-31SC442601core:LandBuildings2024-03-31SC442601core:PlantMachinery2024-03-31SC442601core:Vehicles2024-03-31SC442601core:FurnitureFittings2024-03-31SC442601core:OfficeEquipment2024-03-31SC442601core:NetGoodwill2024-03-31SC442601core:IntangibleAssetsOtherThanGoodwill2024-03-31SC442601core:ListedExchangeTraded2024-03-31SC442601core:UnlistedNon-exchangeTraded2024-03-31SC442601core:LandBuildings2023-03-31SC442601core:PlantMachinery2023-03-31SC442601core:Vehicles2023-03-31SC442601core:FurnitureFittings2023-03-31SC442601core:OfficeEquipment2023-03-31SC442601core:NetGoodwill2023-03-31SC442601core:IntangibleAssetsOtherThanGoodwill2023-03-31SC442601core:ListedExchangeTraded2023-03-31SC442601core:UnlistedNon-exchangeTraded2023-03-31SC442601core:LandBuildings2023-04-012024-03-31SC442601core:PlantMachinery2023-04-012024-03-31SC442601core:Vehicles2023-04-012024-03-31SC442601core:FurnitureFittings2023-04-012024-03-31SC442601core:OfficeEquipment2023-04-012024-03-31SC442601core:NetGoodwill2023-04-012024-03-31SC442601core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC442601core:ListedExchangeTraded2023-04-012024-03-31SC442601core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC442601core:MoreThanFiveYears2023-04-012024-03-31SC442601core:Non-currentFinancialInstruments2024-03-31SC442601core:Non-currentFinancialInstruments2023-03-31SC442601dpl:CostSales2023-04-012024-03-31SC442601dpl:DistributionCosts2023-04-012024-03-31SC442601core:LandBuildings2023-04-012024-03-31SC442601core:PlantMachinery2023-04-012024-03-31SC442601core:Vehicles2023-04-012024-03-31SC442601core:FurnitureFittings2023-04-012024-03-31SC442601core:OfficeEquipment2023-04-012024-03-31SC442601dpl:AdministrativeExpenses2023-04-012024-03-31SC442601core:NetGoodwill2023-04-012024-03-31SC442601core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-31SC442601dpl:GroupUndertakings2023-04-012024-03-31SC442601dpl:ParticipatingInterests2023-04-012024-03-31SC442601dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-31SC442601core:ListedExchangeTraded2023-04-012024-03-31SC442601dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-31SC442601core:UnlistedNon-exchangeTraded2023-04-012024-03-31SC442601dpl:CostSales2022-04-012023-03-31SC442601dpl:DistributionCosts2022-04-012023-03-31SC442601core:LandBuildings2022-04-012023-03-31SC442601core:PlantMachinery2022-04-012023-03-31SC442601core:Vehicles2022-04-012023-03-31SC442601core:FurnitureFittings2022-04-012023-03-31SC442601core:OfficeEquipment2022-04-012023-03-31SC442601dpl:AdministrativeExpenses2022-04-012023-03-31SC442601core:NetGoodwill2022-04-012023-03-31SC442601core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-31SC442601dpl:GroupUndertakings2022-04-012023-03-31SC442601dpl:ParticipatingInterests2022-04-012023-03-31SC442601dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-31SC442601core:ListedExchangeTraded2022-04-012023-03-31SC442601dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-31SC442601core:UnlistedNon-exchangeTraded2022-04-012023-03-31SC442601core:NetGoodwill2024-03-31SC442601core:IntangibleAssetsOtherThanGoodwill2024-03-31SC442601core:LandBuildings2024-03-31SC442601core:PlantMachinery2024-03-31SC442601core:Vehicles2024-03-31SC442601core:FurnitureFittings2024-03-31SC442601core:OfficeEquipment2024-03-31SC442601core:AfterOneYear2024-03-31SC442601core:WithinOneYear2024-03-31SC442601core:ListedExchangeTraded2024-03-31SC442601core:UnlistedNon-exchangeTraded2024-03-31SC442601core:ShareCapital2024-03-31SC442601core:SharePremium2024-03-31SC442601core:RevaluationReserve2024-03-31SC442601core:OtherReservesSubtotal2024-03-31SC442601core:RetainedEarningsAccumulatedLosses2024-03-31SC442601core:NetGoodwill2023-03-31SC442601core:IntangibleAssetsOtherThanGoodwill2023-03-31SC442601core:LandBuildings2023-03-31SC442601core:PlantMachinery2023-03-31SC442601core:Vehicles2023-03-31SC442601core:FurnitureFittings2023-03-31SC442601core:OfficeEquipment2023-03-31SC442601core:AfterOneYear2023-03-31SC442601core:WithinOneYear2023-03-31SC442601core:ListedExchangeTraded2023-03-31SC442601core:UnlistedNon-exchangeTraded2023-03-31SC442601core:ShareCapital2023-03-31SC442601core:SharePremium2023-03-31SC442601core:RevaluationReserve2023-03-31SC442601core:OtherReservesSubtotal2023-03-31SC442601core:RetainedEarningsAccumulatedLosses2023-03-31SC442601core:NetGoodwill2022-04-01SC442601core:IntangibleAssetsOtherThanGoodwill2022-04-01SC442601core:LandBuildings2022-04-01SC442601core:PlantMachinery2022-04-01SC442601core:Vehicles2022-04-01SC442601core:FurnitureFittings2022-04-01SC442601core:OfficeEquipment2022-04-01SC442601core:AfterOneYear2022-04-01SC442601core:WithinOneYear2022-04-01SC442601core:ListedExchangeTraded2022-04-01SC442601core:UnlistedNon-exchangeTraded2022-04-01SC442601core:ShareCapital2022-04-01SC442601core:SharePremium2022-04-01SC442601core:RevaluationReserve2022-04-01SC442601core:OtherReservesSubtotal2022-04-01SC442601core:RetainedEarningsAccumulatedLosses2022-04-01SC442601core:AfterOneYear2023-04-012024-03-31SC442601core:WithinOneYear2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-31SC442601core:Non-currentFinancialInstrumentscore:CostValuation2024-03-31SC442601core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-31SC442601core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-31SC442601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-31SC442601core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-31SC442601core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-31SC442601core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-31SC442601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-31SC442601core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-31SC442601core:Non-currentFinancialInstrumentscore:CostValuation2023-03-31SC442601core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-31SC442601core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-31SC442601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-31SC442601core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-31SC442601core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-31SC442601core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-31SC442601core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-31SC442601core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-31SC442601bus:Director12023-04-012024-03-31SC442601core:FurnitureFittingsToolsEquipment2023-03-31SC442601core:FurnitureFittingsToolsEquipment2023-04-012024-03-31SC442601core:FurnitureFittingsToolsEquipment2024-03-31

Pb (Edinburgh) Ltd.

Registered Number
SC442601
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

Pb (Edinburgh) Ltd.
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

H S Atwal

Registered Address

108 George Street
Edinburgh
EH2 4LH

Registered Number

SC442601 (Scotland)
Pb (Edinburgh) Ltd.
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3115,574134,556
Tangible assets445,00958,965
Investments511
160,584193,522
Current assets
Stocks67,4894,572
Debtors7281,106133,852
Cash at bank and on hand33,96826,855
322,563165,279
Creditors amounts falling due within one year8(824,564)(691,363)
Net current assets (liabilities)(502,001)(526,084)
Total assets less current liabilities(341,417)(332,562)
Creditors amounts falling due after one year9(36,651)(35,942)
Net assets(378,068)(368,504)
Capital and reserves
Called up share capital11
Profit and loss account(378,069)(368,505)
Shareholders' funds(378,068)(368,504)
The financial statements were approved and authorised for issue by the Director on 17 March 2025, and are signed on its behalf by:
H S Atwal
Director
Registered Company No. SC442601
Pb (Edinburgh) Ltd.
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The financial statements have been prepared on a going concern basis even though at the balance sheet date the company's net liabilities exceeded its net assets by £378,068 (2023: £368,504). The director considers the going concern basis to be appropriate because in his opinion, the company will obtain sufficient funding from its shareholders to enable it to pay its debts as they fall due.
Turnover policy
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.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Patents and licences are being amortised evenly over their estimated useful life of 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Land and buildings10
Plant and machinery10
Fixtures and fittings10
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 April 23220,0008,041228,041
Additions-4,2504,250
At 31 March 24220,00012,291232,291
Amortisation and impairment
At 01 April 2387,9845,50193,485
Charge for year21,9961,23623,232
At 31 March 24109,9806,737116,717
Net book value
At 31 March 24110,0205,554115,574
At 31 March 23132,0162,540134,556
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 April 2316,14688,414143,525248,085
Additions--10,55310,553
At 31 March 2416,14688,414154,078258,638
Depreciation and impairment
At 01 April 239,96753,604125,549189,120
Charge for year1,6158,84114,05324,509
At 31 March 2411,58262,445139,602213,629
Net book value
At 31 March 244,56425,96914,47645,009
At 31 March 236,17934,81017,97658,965
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 April 2311
At 31 March 2411
Net book value
At 31 March 2411
At 31 March 2311

Notes

1Investments in group undertakings and participating interests
6.Stocks

2024

2023

££
Finished goods7,4894,572
Total7,4894,572
7.Debtors: amounts due within one year

2024

2023

££
Other debtors270,882127,562
Prepayments and accrued income10,2246,290
Total281,106133,852
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables501,246324,706
Bank borrowings and overdrafts5,26410,000
Taxation and social security-2,864
Finance lease and HP contracts4,949-
Other creditors297,062337,080
Accrued liabilities and deferred income16,04316,713
Total824,564691,363
9.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts35,41435,942
Other creditors1,237-
Total36,65135,942
Included within other creditors falling due within one year and creditors falling due after more than one year is £40,678 (2023: £45,942) in respect of a bank loan which is guaranteed by the government under Coronavirus Business Interruption Loan Scheme. The loan is repayable by March 2027 and interest is charged at 3.99% above base rate per annum on this loan. Bank loan is secured by a fixed and floating charge over present and future assets of the company.
10.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts1,237-
LEASING AGREEMENTS: Minimum lease payments fall due as follows: Net obligations repayable: Due within one year: £4,949 (2023: Nil) Due after one year: £1,237 (2023: Nil)
11.Other commitments
LEASING AGREEMENTS: Minimum lease payments fall due as follows: Net obligations repayable: Due within one year: £78,000 (2023: £78,000)
12.Related party transactions
Included in other debtors falling due within one year are due from companies connected to the director. ST (Edinburgh) Ltd Nil (2023: £180); HWS (Edinburgh) Ltd £10,000 (2023: £10,000); Hadplaid Ltd £85,861 (2023: £14,955); NA Edinburgh Ltd £420 (2023: Nil) Hadplaid Ltd acts as management company for PB Edinburgh Ltd. The management charges amounting to £233,524 (2023: £262,535) recorded in accounts are paid to Hadplaid Ltd. Included in other creditors falling due within one year is due to companies connected to the director. MCA Edinburgh £10,891 (2023: £10,891); INV Edinburgh Ltd £62,650 (2023: £85,000); HA Fife Ltd £11,000 (2023: Nil) Included in other creditors is the amount due to the close relative of the director N Atwal £193,000 (2023: £220,000)