PB Loans Limited - Period Ending 2019-03-31

Registration number: 07816419

PB Loans Limited

Information for Filing with The Registrar

31 March 2019

PB Loans Limited

(Registration number: 07816419)

Balance Sheet

31 March 2019

	Note	2019 £	2018 £
Current assets
Debtors	3	5,855	8,577
Creditors: Amounts falling due within one year	4	(6,668)	(8,302)
		(813)	275
Capital and reserves
Called up share capital		2	2
Profit and loss account		(815)	273
TOTAL EQUITY		(813)	275

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account.

Approved and authorised by the Board on 8 May 2019 and signed on its behalf by:

W.T. Munro

Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

PB Loans Limited

Notes to the Accounts

Year Ended 31 March 2019

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
8 Barwick Road
Leeds
West Yorkshire
LS15 7QG

These financial statements were authorised for issue by the Board on 8 May 2019.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis on the assumption that the directors will continue their support for the foreseeable future and not seek repayment of their loan in preference to other creditors.

Revenue recognition

Turnover comprises the fair value of the consideration received for the provision of services in the ordinary course of the company’s activities.

3

Debtors

	2019 £	2018 £
Trade debtors	5,367	7,985
Other debtors	488	592
	5,855	8,577

Page 2

PB Loans Limited

Notes to the Accounts

Year Ended 31 March 2019

4

Creditors

		2019 £	2018 £
Due within one year
Trade creditors		1,376	1,409
Amounts due to related parties		5,172	6,054
Other creditors		120	839
		6,668	8,302

5	Share capital

Allotted, called up and fully paid shares

	2019		2018
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

Page 3