2023-12-012024-11-302024-11-30false06754470PBS (YORKSHIRE) 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PBS (YORKSHIRE) LIMITED

Registered Number
06754470
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

PBS (YORKSHIRE) LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

A T Bradley

Registered Address

5 Orchard Terrace
Boroughbridge
York
YO51 9AF

Registered Number

06754470 (England and Wales)
PBS (YORKSHIRE) LIMITED
Statement of Financial Position
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets364,56342,774
64,56342,774
Current assets
Debtors497,679106,228
Cash at bank and on hand4,92927,387
102,608133,615
Creditors amounts falling due within one year5(117,776)(81,167)
Net current assets (liabilities)(15,168)52,448
Total assets less current liabilities49,39595,222
Creditors amounts falling due after one year6(49,435)(31,001)
Provisions for liabilities8(2,254)(3,500)
Net assets(2,294)60,721
Capital and reserves
Called up share capital22
Profit and loss account(2,296)60,719
Shareholders' funds(2,294)60,721
The financial statements were approved and authorised for issue by the Director on 18 August 2025, and are signed on its behalf by:
A T Bradley
Director
Registered Company No. 06754470
PBS (YORKSHIRE) LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
PBS (Yorkshire) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 Orchard Terrace, Boroughbridge, York, YO51 9AF.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
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.
Revenue from sale of goods
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Impairment of non-financial assets policy
Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.
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.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year23
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 December 2342,58739,94113,7438,406104,677
Additions-38,978--38,978
At 30 November 2442,58778,91913,7438,406143,655
Depreciation and impairment
At 01 December 2334,24910,19111,7315,73261,903
Charge for year2,08513,93350366817,189
At 30 November 2436,33424,12412,2346,40079,092
Net book value
At 30 November 246,25354,7951,5092,00664,563
At 30 November 238,33829,7502,0122,67442,774
The net carrying value of tangible fixed assets includes £49,045 in respect of assets held under finance leases.
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables29,84658,464
Other debtors67,83347,764
Total97,679106,228
At the year end A T Bradley had an overdrawn director's loan account balance of £67,833 (2023 - £47,764).
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables37,82515,762
Bank borrowings and overdrafts36,48310,000
Taxation and social security31,55842,864
Finance lease and HP contracts7,7615,047
Other creditors6969
Accrued liabilities and deferred income4,0807,425
Total117,77681,167
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,83415,833
Other creditors43,60115,168
Total49,43531,001
The bank loan included within creditors: amounts falling due within one year and in creditors: amounts falling due after more than one year is repayable in sixty equal monthly instalments starting in July 2021. Interest is payable on the loan at 2.5%. The loan is secured against the assets of the Company. The obligations under finance leases are secured against the assets they relate to.
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts43,60215,168
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)2,2543,500
Total2,2543,500
9.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
A T Bradley47,76470,06950,00067,833
47,76470,06950,00067,833
Mr A T Bradley is a director and shareholder of the company. During the year Mr A T Bradley borrowed £36,000 (2023 - £36,000) from the company and repaid £50,000 (2023 - £85,000) to the company. The company also paid expenses of £34,069 (2023 - £15,018). The company uses, on a non-exclusive basis, storage and office space at Mr A T Bradley's house and pays for the use of these facilities. The amounts paid during the year were £2,640 (2023 - £2,640). At the year end Mr A T Bradley owed the company £67,833 (2023 - £47,764). This balance is included in other debtors at the year end.