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REGISTERED NUMBER: 10293121 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2024

for

PBS International Ltd

PBS International Ltd (Registered number: 10293121)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PBS International Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: H Senior





REGISTERED OFFICE: Salter Road
Eastfield
Scarborough
North Yorkshire
YO11 3UP





REGISTERED NUMBER: 10293121 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Oak Tree House, Harwood Road
Northminster Business Park
Upper Poppleton
York
YO26 6QU

PBS International Ltd (Registered number: 10293121)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 41,604 14,756
Tangible assets 5 25,682 38,959
67,286 53,715

CURRENT ASSETS
Stocks 6 148,175 192,535
Debtors 7 230,295 105,796
Cash at bank and in hand 295,260 403,345
673,730 701,676
CREDITORS
Amounts falling due within one year 8 (149,767 ) (212,981 )
NET CURRENT ASSETS 523,963 488,695
TOTAL ASSETS LESS CURRENT
LIABILITIES

591,249

542,410

PROVISIONS FOR LIABILITIES 9 (6,375 ) (9,693 )
NET ASSETS 584,874 532,717

CAPITAL AND RESERVES
Called up share capital 10 10,000 10,050
Capital redemption reserve 50 -
Retained earnings 574,824 522,667
SHAREHOLDERS' FUNDS 584,874 532,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

PBS International Ltd (Registered number: 10293121)

Balance Sheet - continued
31 December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





H Senior - Director


PBS International Ltd (Registered number: 10293121)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

PBS International Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when a contract for the sale of goods and/or services is determined as unconditional.

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 ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Government grants
Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

Revenue based grants are credited to the profit and loss account on receipt.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


PBS International Ltd (Registered number: 10293121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

PBS International Ltd (Registered number: 10293121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 January 2024 40,197
Additions 31,479
At 31 December 2024 71,676
AMORTISATION
At 1 January 2024 25,441
Amortisation for year 4,631
At 31 December 2024 30,072
NET BOOK VALUE
At 31 December 2024 41,604
At 31 December 2023 14,756

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 117,012 36,315 2,261 155,588
Additions - - 977 977
At 31 December 2024 117,012 36,315 3,238 156,565
DEPRECIATION
At 1 January 2024 105,539 9,835 1,255 116,629
Charge for year 4,273 9,079 902 14,254
At 31 December 2024 109,812 18,914 2,157 130,883
NET BOOK VALUE
At 31 December 2024 7,200 17,401 1,081 25,682
At 31 December 2023 11,473 26,480 1,006 38,959

6. STOCKS
2024 2023
£    £   
Stocks 148,175 192,535

PBS International Ltd (Registered number: 10293121)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 209,987 87,536
VAT 12,074 9,675
Prepayments and accrued income 8,234 8,585
230,295 105,796

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 46,512 103,556
Taxation and social security 66,881 66,666
Other creditors 585 503
Accruals and deferred income 35,789 42,256
149,767 212,981

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,375 9,693

Deferred
tax
£   
Balance at 1 January 2024 9,693
Utilised during year (3,318 )
Balance at 31 December 2024 6,375

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary A £1 5,000 5,000
5,000 Ordinary B £1 5,000 5,000
50 Ordinary D £1 - 50
10,000 10,050

On 30 December 2024 the company repurchased 50 Ordinary D shares.