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REGISTERED NUMBER: 11340172 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

P&B PERSPECTIVE LTD

P&B PERSPECTIVE LTD (REGISTERED NUMBER: 11340172)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


P&B PERSPECTIVE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr K Zajac





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 11340172 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

P&B PERSPECTIVE LTD (REGISTERED NUMBER: 11340172)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 36,874

CURRENT ASSETS
Debtors 5 41,080 74,729
Cash at bank and in hand 125 173
41,205 74,902
CREDITORS
Amounts falling due within one year 6 40,945 63,504
NET CURRENT ASSETS 260 11,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

260

48,272

CREDITORS
Amounts falling due after more than one
year

7

8,769

36,700
NET (LIABILITIES)/ASSETS (8,509 ) 11,572

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (8,609 ) 11,472
SHAREHOLDERS' FUNDS (8,509 ) 11,572

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





Mr K Zajac - Director


P&B PERSPECTIVE LTD (REGISTERED NUMBER: 11340172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

P&B Perspective 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income 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 statement of financial position date.

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.

Going concern
Notwithstanding the deficit of assets at the balance sheet date these financial statements have been prepared on the going concern basis on the basis that the director has given an undertaking to support the company until it returns to a net assets position. He considers that it is appropriate to prepare the accounts on the going concern basis.

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. EMPLOYEES AND DIRECTORS

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

P&B PERSPECTIVE LTD (REGISTERED NUMBER: 11340172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 66,288
Disposals (64,490 )
At 31 May 2024 1,798
DEPRECIATION
At 1 June 2023 29,414
Charge for year 598
Eliminated on disposal (28,214 )
At 31 May 2024 1,798
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 36,874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,080 2,729
Other debtors 40,000 72,000
41,080 74,729

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,200 4,200
Hire purchase contracts (see note 8) - 9,572
Trade creditors 5,380 1,883
Taxation and social security 29,199 27,797
Other creditors 2,166 20,052
40,945 63,504

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,769 8,769
Hire purchase contracts (see note 8) - 27,931
8,769 36,700

P&B PERSPECTIVE LTD (REGISTERED NUMBER: 11340172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year - 9,572
Between one and five years - 27,931
- 37,503

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Mr K Zajac
Balance outstanding at start of year (18,894 ) 4,587
Amounts advanced 17,708 -
Amounts repaid - (23,481 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,186 ) (18,894 )

10. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £40,000 (2023: £72,000) due from companies in which the director has an interest.