Pb (Edinburgh) Ltd.


Director	H S Atwal


Registered Address	108 George Street
	Edinburgh
	EH2 4LH


Registered Number	SC442601 (Scotland)

Notes to the Financial Statements
for the year ended 31 March 2025

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.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	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.

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.

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.

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 buildings	10
	Plant and machinery	10
	Fixtures and fittings	10

	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.

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


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

	Goodwill	Other	Total
	£	£	£
Cost or valuation
At 01 April 24	220,000	12,291	232,291
At 31 March 25	220,000	12,291	232,291
Amortisation and impairment
At 01 April 24	109,980	6,737	116,717
Charge for year	22,000	1,229	23,229
At 31 March 25	131,980	7,966	139,946
Net book value
At 31 March 25	88,020	4,325	92,345
At 31 March 24	110,020	5,554	115,574

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 April 24	16,146	88,414	154,078	258,638
Additions	-	-	778	778
At 31 March 25	16,146	88,414	154,856	259,416
Depreciation and impairment
At 01 April 24	11,582	62,445	139,602	213,629
Charge for year	1,615	8,841	5,464	15,920
At 31 March 25	13,197	71,286	145,066	229,549
Net book value
At 31 March 25	2,949	17,128	9,790	29,867
At 31 March 24	4,564	25,969	14,476	45,009

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	1	1
At 31 March 25	1	1
Net book value
At 31 March 25	1	1
At 31 March 24	1	1

	Notes
	¹Investments in group undertakings and participating interests

6.	Stocks

	2025	2024
	£	£
Finished goods	5,124	7,489
Total	5,124	7,489

7.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	242,495	270,881
Prepayments and accrued income	14,312	10,224
Total	256,807	281,105

8.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	578,772	501,246
Bank borrowings and overdrafts	5,743	5,264
Finance lease and HP contracts	3,737	4,949
Other creditors	114,159	297,062
Accrued liabilities and deferred income	7,563	16,043
Total	709,974	824,564

9.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	29,192	35,414
Other creditors	1,238	1,237
Total	30,430	36,651


	Included within other creditors falling due within one year and creditors falling due after more than one year is £34,935 (2024: £40,678) 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.

Included within other creditors falling due within one year and creditors falling due after more than one year is £34,935 (2024: £40,678) 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

		2025		2024
		£		£
	Finance lease and HP contracts	4,974		6,186


	LEASING AGREEMENTS: Minimum lease payments fall due as follows: Net obligations repayable: Due within one year: £3,737 (2024: £4,949) Due after one year: £1,237 (2024: £1,237)

11.	Other commitments
	LEASING AGREEMENTS: Minimum lease payments fall due as follows: Net obligations repayable: Due within one year: £91,800 (2024: £78,000)

12.	Related party transactions
	Included in other debtors falling due within one year are due from companies connected to the director. HWS (Edinburgh) Ltd £Nil (2024: £10,000); NA Aberdeen Ltd £438(2024: £Nil) and Hadplaid Ltd £81,930 (2024: £85,861). Included in other creditors falling due within one year is due to companies connected to the director. 2Spicy Ltd £61,100 (2024: £Nil); MCA Edinburgh Ltd £10,891 (2024: £10,891); INV Edinburgh Ltd £Nil (2024: £62,650); HA Fife Ltd £11,000 (2024: £11,000) and NA Edinburgh Ltd £778(2024: £420). Included in other creditors is the amount due to the close relative of the director N Atwal £15,000 (2024: £193,000).

12.

Related party transactions

Included in other debtors falling due within one year are due from companies connected to the director.
HWS (Edinburgh) Ltd £Nil (2024: £10,000); NA Aberdeen Ltd £438(2024: £Nil) and Hadplaid Ltd £81,930 (2024: £85,861).

Included in other creditors falling due within one year is due to companies connected to the director.
2Spicy Ltd £61,100 (2024: £Nil); MCA Edinburgh Ltd £10,891 (2024: £10,891); INV Edinburgh Ltd £Nil (2024: £62,650); HA Fife Ltd £11,000 (2024: £11,000) and NA Edinburgh Ltd £778(2024: £420).

Included in other creditors is the amount due to the close relative of the director N Atwal £15,000 (2024: £193,000).

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		92,345		115,574
Tangible assets	4		29,867		45,009
Investments	5		1		1
			122,213		160,584
Current assets
Stocks	6	5,124		7,489
Debtors	7	256,807		281,105
Cash at bank and on hand		36,200		33,968
		298,131		322,562
Creditors amounts falling due within one year	8	(709,974)		(824,564)
Net current assets (liabilities)			(411,843)		(502,002)
Total assets less current liabilities			(289,630)		(341,418)
Creditors amounts falling due after one year	9		(30,430)		(36,651)
Net assets			(320,060)		(378,069)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(320,061)		(378,070)
Shareholders' funds			(320,060)		(378,069)