PRB Health & Safety Training Ltd - Accounts to registrar (filleted) - small 18.2

PRB Health & Safety Training Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07564504 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

PRB HEALTH & SAFETY TRAINING LTD

PRB HEALTH & SAFETY TRAINING LTD (REGISTERED NUMBER: 07564504)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRB HEALTH & SAFETY TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: R G E Bell
Mrs P F Bell
P A Burgon





SECRETARY: Mrs P F Bell





REGISTERED OFFICE: 30-34 North Street
Hailsham
East Sussex
BN27 1DW





REGISTERED NUMBER: 07564504 (England and Wales)





ACCOUNTANTS: Watson Associates (Professional Services) Ltd
30 - 34 North Street
Hailsham
East Sussex
BN27 1DW

PRB HEALTH & SAFETY TRAINING LTD (REGISTERED NUMBER: 07564504)

BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,490 10,871

CURRENT ASSETS
Stocks 126,191 54,200
Debtors 5 140,053 189,325
Cash at bank and in hand 175,124 93,877
441,368 337,402
CREDITORS
Amounts falling due within one year 6 (225,514 ) (203,110 )
NET CURRENT ASSETS 215,854 134,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,344

145,163

CREDITORS
Amounts falling due after more than one
year

7

-

(1,845

)

PROVISIONS FOR LIABILITIES (2,220 ) (2,065 )
NET ASSETS 224,124 141,253

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 19,980 19,980
Retained earnings 204,044 121,173
SHAREHOLDERS' FUNDS 224,124 141,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

PRB HEALTH & SAFETY TRAINING LTD (REGISTERED NUMBER: 07564504)

BALANCE SHEET - continued
31 MARCH 2019


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 Board of Directors on 20 December 2019 and were signed on
its behalf by:





R G E Bell - Director


PRB HEALTH & SAFETY TRAINING LTD (REGISTERED NUMBER: 07564504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. STATUTORY INFORMATION

PRB Health & Safety Training 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.

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.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have had to be made by management in preparing these financial
statements.

There were no key assumptions made concerning the future, and other key sources of estimation
uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the
carrying amounts of assets and liabilities within the next financial year.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

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.

PRB HEALTH & SAFETY TRAINING LTD (REGISTERED NUMBER: 07564504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2018 4,366 7,950 19,360 31,676
Additions 2,884 - 3,023 5,907
At 31 March 2019 7,250 7,950 22,383 37,583
DEPRECIATION
At 1 April 2018 2,593 1,988 16,224 20,805
Charge for year 1,165 1,491 3,632 6,288
At 31 March 2019 3,758 3,479 19,856 27,093
NET BOOK VALUE
At 31 March 2019 3,492 4,471 2,527 10,490
At 31 March 2018 1,773 5,962 3,136 10,871

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 132,047 166,867
Amounts owed by group undertakings - 15,065
Other debtors 8,006 7,393
140,053 189,325

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Hire purchase contracts 1,843 3,145
Trade creditors 36,922 34,767
Amounts owed to group undertakings 4,935 -
Taxation and social security 132,838 116,043
Other creditors 48,976 49,155
225,514 203,110

PRB HEALTH & SAFETY TRAINING LTD (REGISTERED NUMBER: 07564504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Hire purchase contracts - 1,845

8. FINANCIAL INSTRUMENTS

The company only enters into basic financial instruments transactions that result in the recognition of
the financial assets and liabilities like trade and other accounts receivable and payable, loans from
bank and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and
subsequently at the undiscounted amount of the cash or other consideration expected to be paid or
received; other debt instruments are initially measured at present value of the future payments and
subsequently at the amortised cost using the effective interest method

Financial assets that are measured at cost and amortised cost are assessed at the end of each
reporting period for objective evidence of impairment. If objective evidence of impairment is found, an
impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when
there is an enforceable right to set off the recognised amounts and there is no intention to settle on a
net basis or to realise the asset and settle the liability simultaneously.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2019 2018
value: £    £   
70 Ordinary A £1 70 70
10 Ordinary B £1 19 19
19 Ordinary C £1 10 10
1 Ordinary D £1 1 1
100 100