BrightAccountsProduction v1.0.0 v1.0.0 2023-11-16 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is servicing electrical equipment. 6 March 2025 2 NI704861 2024-11-30 NI704861 2023-11-15 NI704861 2023-11-16 2024-11-30 NI704861 uk-bus:PrivateLimitedCompanyLtd 2023-11-16 2024-11-30 NI704861 uk-curr:PoundSterling 2023-11-16 2024-11-30 NI704861 uk-bus:SmallCompaniesRegimeForAccounts 2023-11-16 2024-11-30 NI704861 uk-bus:FullAccounts 2023-11-16 2024-11-30 NI704861 uk-core:ShareCapital 2024-11-30 NI704861 uk-core:RetainedEarningsAccumulatedLosses 2024-11-30 NI704861 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-11-30 NI704861 uk-bus:FRS102 2023-11-16 2024-11-30 NI704861 uk-core:Goodwill 2023-11-16 2024-11-30 NI704861 uk-core:FurnitureFittingsToolsEquipment 2023-11-16 2024-11-30 NI704861 uk-core:MotorVehicles 2023-11-16 2024-11-30 NI704861 uk-core:Goodwill 2023-11-15 NI704861 uk-core:Goodwill 2024-11-30 NI704861 uk-core:CurrentFinancialInstruments 2024-11-30 NI704861 uk-core:WithinOneYear 2024-11-30 NI704861 uk-core:WithinOneYear 2024-11-30 NI704861 uk-core:AfterOneYear 2024-11-30 NI704861 uk-core:AfterOneYear 2024-11-30 NI704861 uk-core:BetweenOneFiveYears 2024-11-30 NI704861 uk-core:EmployeeBenefits 2023-11-15 NI704861 uk-core:EmployeeBenefits 2023-11-16 2024-11-30 NI704861 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-11-30 NI704861 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-11-30 NI704861 uk-core:OtherDeferredTax 2024-11-30 NI704861 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-11-30 NI704861 uk-core:EmployeeBenefits 2024-11-30 NI704861 2023-11-16 2024-11-30 NI704861 uk-bus:Director1 2023-11-16 2024-11-30 NI704861 uk-bus:AuditExempt-NoAccountantsReport 2023-11-16 2024-11-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Professional Beverage Solutions Ltd
 
Unaudited Financial Statements
 
for the financial period from 16 November 2023 (date of incorporation) to 30 November 2024
Professional Beverage Solutions Ltd
Company Registration Number: NI704861
BALANCE SHEET
as at 30 November 2024

Nov 24
Notes £
 
Fixed Assets
Intangible assets 6 5,400
Tangible assets 7 17,575
─────────
Fixed Assets 22,975
─────────
 
Current Assets
Debtors 8 5,497
Cash and cash equivalents 58,997
─────────
64,494
─────────
Creditors: amounts falling due within one year 9 (23,439)
─────────
Net Current Assets 41,055
─────────
Total Assets less Current Liabilities 64,030
 
Creditors:
amounts falling due after more than one year 10 (40,587)
 
Provisions for liabilities 11 (4,394)
─────────
Net Assets 19,049
═════════
 
Capital and Reserves
Called up share capital 100
Retained earnings 18,949
─────────
Equity attributable to owners of the company 19,049
═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
       
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
       
For the financial period from 16 November 2023 (date of incorporation) to 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
       
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.
       
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.
       
Approved by the Director and authorised for issue on 6 March 2025
       
       
________________________________      
Sean Devlin      
Director      
       



Professional Beverage Solutions Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial period from 16 November 2023 (date of incorporation) to 30 November 2024

   
1. General Information
 
Professional Beverage Solutions Ltd is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI704861. The registered office of the company is 247 Whitebridge Road, Sixmilecross, Tyrone, BT79 9HH, United Kingdom which is also the principal place of business of the company. The principal activity is servicing electrical equipment. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial period ended 30 November 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 20% Reducing balance
  Motor vehicles - 20% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
   
3. Period of financial statements
 
The financial statements are for the 12 month 15 days period from 16 November 2023 (date of incorporation) to 30 November 2024.
   
4. Statement on previous periods
 
The company did not present financial statements for previous periods.
     
5. Employees
 
The average monthly number of employees, including director, during the financial period was 2, (Nov 23 - 0).
 
  Nov 24
  Number
 
Employee 2
  ═════════
       
6. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 16 November 2023 - -
Additions 6,000 6,000
  ───────── ─────────
At 30 November 2024 6,000 6,000
  ───────── ─────────
Amortisation
Charge for financial period 600 600
  ───────── ─────────
At 30 November 2024 600 600
  ───────── ─────────
Net book value
At 30 November 2024 5,400 5,400
  ═════════ ═════════
         
7. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 16 November 2023 - - -
Additions 379 21,590 21,969
  ───────── ───────── ─────────
At 30 November 2024 379 21,590 21,969
  ───────── ───────── ─────────
Depreciation
At 16 November 2023 - - -
Charge for the financial period 76 4,318 4,394
  ───────── ───────── ─────────
At 30 November 2024 76 4,318 4,394
  ───────── ───────── ─────────
Net book value
At 30 November 2024 303 17,272 17,575
  ═════════ ═════════ ═════════
     
8. Debtors Nov 24
  £
 
Trade debtors 5,152
Taxation 345
  ─────────
  5,497
  ═════════
     
9. Creditors Nov 24
Amounts falling due within one year £
 
Net obligations under finance leases
and hire purchase contracts 6,249
Trade creditors 695
Taxation 11,979
Accruals 4,516
  ─────────
  23,439
  ═════════
     
10. Creditors Nov 24
Amounts falling due after more than one year £
 
Finance leases and hire purchase contracts 12,040
Director's loan accounts 28,547
  ─────────
  40,587
  ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 6,249
Repayable between one and five years 12,040
  ─────────
  18,289
  ═════════
       
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total
  allowances  
     
    Nov 24
  £ £
 
At financial period start - -
Charged to profit and loss 4,394 4,394
  ───────── ─────────
At financial period end 4,394 4,394
  ═════════ ═════════
     
12. Capital commitments
 
The company had no material capital commitments at the financial period-ended 30 November 2024.
         
13. Related party transactions
 
During the year Professional Beverage Solutions Ltd borrowed £59,429 and repaid £30,882 to the director, leaving a closing balance of £28,547 which is included in the creditors section of the balance sheet.
   
14. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial period-end.