PB PROCESS ENGINEERING LIMITED

PB PROCESS ENGINEERING LIMITED - Company Information

2021-01-012021-12-312021-12-31false08848351PB PROCESS ENGINEERING LIMITED2022-09-3070229iso4217:GBPxbrli:pure088483512021-01-01088483512021-12-31088483512021-01-012021-12-31088483512020-01-01088483512020-12-31088483512020-01-012020-12-3108848351bus:SmallEntities2021-01-012021-12-3108848351bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3108848351bus:AbridgedAccounts2021-01-012021-12-3108848351bus:PrivateLimitedCompanyLtd2021-01-012021-12-3108848351core:WithinOneYear2021-12-3108848351core:AfterOneYear2021-12-3108848351core:WithinOneYear2020-12-3108848351core:AfterOneYear2020-12-3108848351core:ShareCapital2021-12-3108848351core:SharePremium2021-12-3108848351core:RevaluationReserve2021-12-3108848351core:OtherReservesSubtotal2021-12-3108848351core:RetainedEarningsAccumulatedLosses2021-12-3108848351core:ShareCapital2020-12-3108848351core:SharePremium2020-12-3108848351core:RevaluationReserve2020-12-3108848351core:OtherReservesSubtotal2020-12-3108848351core:RetainedEarningsAccumulatedLosses2020-12-3108848351core:LandBuildings2021-12-3108848351core:PlantMachinery2021-12-3108848351core:Vehicles2021-12-3108848351core:FurnitureFittings2021-12-3108848351core:OfficeEquipment2021-12-3108848351core:NetGoodwill2021-12-3108848351core:IntangibleAssetsOtherThanGoodwill2021-12-3108848351core:ListedExchangeTraded2021-12-3108848351core:UnlistedNon-exchangeTraded2021-12-3108848351core:LandBuildings2020-12-3108848351core:PlantMachinery2020-12-3108848351core:Vehicles2020-12-3108848351core:FurnitureFittings2020-12-3108848351core:OfficeEquipment2020-12-3108848351core:NetGoodwill2020-12-3108848351core:IntangibleAssetsOtherThanGoodwill2020-12-3108848351core:ListedExchangeTraded2020-12-3108848351core:UnlistedNon-exchangeTraded2020-12-3108848351core:LandBuildings2021-01-012021-12-3108848351core:PlantMachinery2021-01-012021-12-3108848351core:Vehicles2021-01-012021-12-3108848351core:FurnitureFittings2021-01-012021-12-3108848351core:OfficeEquipment2021-01-012021-12-3108848351core:NetGoodwill2021-01-012021-12-3108848351core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3108848351core:ListedExchangeTraded2021-01-012021-12-3108848351core:UnlistedNon-exchangeTraded2021-01-012021-12-3108848351core:MoreThanFiveYears2021-01-012021-12-3108848351core:Non-currentFinancialInstruments2021-12-3108848351core:Non-currentFinancialInstruments2020-12-3108848351dpl:CostSales2021-01-012021-12-3108848351dpl:DistributionCosts2021-01-012021-12-3108848351dpl:AdministrativeExpenses2021-01-012021-12-3108848351core:LandBuildings2021-01-012021-12-3108848351core:PlantMachinery2021-01-012021-12-3108848351core:Vehicles2021-01-012021-12-3108848351core:FurnitureFittings2021-01-012021-12-3108848351core:OfficeEquipment2021-01-012021-12-3108848351core:NetGoodwill2021-01-012021-12-3108848351core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3108848351dpl:GroupUndertakings2021-01-012021-12-3108848351dpl:ParticipatingInterests2021-01-012021-12-3108848351dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3108848351core:ListedExchangeTraded2021-01-012021-12-3108848351dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3108848351core:UnlistedNon-exchangeTraded2021-01-012021-12-3108848351dpl:CostSales2020-01-012020-12-3108848351dpl:DistributionCosts2020-01-012020-12-3108848351dpl:AdministrativeExpenses2020-01-012020-12-3108848351core:LandBuildings2020-01-012020-12-3108848351core:PlantMachinery2020-01-012020-12-3108848351core:Vehicles2020-01-012020-12-3108848351core:FurnitureFittings2020-01-012020-12-3108848351core:OfficeEquipment2020-01-012020-12-3108848351core:NetGoodwill2020-01-012020-12-3108848351core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3108848351dpl:GroupUndertakings2020-01-012020-12-3108848351dpl:ParticipatingInterests2020-01-012020-12-3108848351dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3108848351core:ListedExchangeTraded2020-01-012020-12-3108848351dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3108848351core:UnlistedNon-exchangeTraded2020-01-012020-12-3108848351core:NetGoodwill2021-12-3108848351core:IntangibleAssetsOtherThanGoodwill2021-12-3108848351core:LandBuildings2021-12-3108848351core:PlantMachinery2021-12-3108848351core:Vehicles2021-12-3108848351core:FurnitureFittings2021-12-3108848351core:OfficeEquipment2021-12-3108848351core:AfterOneYear2021-12-3108848351core:WithinOneYear2021-12-3108848351core:ListedExchangeTraded2021-12-3108848351core:UnlistedNon-exchangeTraded2021-12-3108848351core:ShareCapital2021-12-3108848351core:SharePremium2021-12-3108848351core:RevaluationReserve2021-12-3108848351core:OtherReservesSubtotal2021-12-3108848351core:RetainedEarningsAccumulatedLosses2021-12-3108848351core:NetGoodwill2020-12-3108848351core:IntangibleAssetsOtherThanGoodwill2020-12-3108848351core:LandBuildings2020-12-3108848351core:PlantMachinery2020-12-3108848351core:Vehicles2020-12-3108848351core:FurnitureFittings2020-12-3108848351core:OfficeEquipment2020-12-3108848351core:AfterOneYear2020-12-3108848351core:WithinOneYear2020-12-3108848351core:L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Registered Number
08848351
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

PB PROCESS ENGINEERING LIMITED

Company Information
for the year from 1 January 2021 to 31 December 2021


Directors	BENNETT, Philip
	WILLIAMS, Donna Louise


Registered Address	Preservation House
	Badger Street
	Bury
	BL9 6AD


Registered Number	08848351 (England and Wales)

PB PROCESS ENGINEERING LIMITED

Statement of Financial Position
31 December 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	5		8,968		8,332
			8,968		8,332
Current assets
Debtors		32,166		6,728
Cash at bank and on hand		13,190		36,952
		45,356		43,680
Creditors amounts falling due within one year	8	(14,946)		(16,850)
Net current assets (liabilities)			30,410		26,830
Total assets less current liabilities			39,378		35,162
Creditors amounts falling due after one year	9		(16,554)		(18,828)
Net assets			22,824		16,334
Capital and reserves
Called up share capital			1		1
Profit and loss account			22,823		16,333
Shareholders' funds			22,824		16,334

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2022, and are signed on its behalf by:

BENNETT, Philip
Director
Registered Company No. 08848351

PB PROCESS ENGINEERING LIMITED

Notes to the Financial Statements
for the year ended 31 December 2021

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	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.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Fixtures and fittings	20
	Vehicles	20

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	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 and operations policy

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.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2021		2020
	Average number of employees during the year	2		2

5.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 January 21	9,247
	Additions	2,641
	At 31 December 21	11,888
	Depreciation and impairment
	At 01 January 21	915
	Charge for year	2,005
	At 31 December 21	2,920
	Net book value
	At 31 December 21	8,968
	At 31 December 20	8,332

6.	Dividends proposed and payable

	2021	2020
	£	£
Dividends Paid	35,000	17,500
Total	35,000	17,500

7.	Debtors within one year

	2021	2020
	£	£
Trade debtors / trade receivables	32,166	6,728
Total	32,166	6,728


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

8.	Creditors within one year

	2021	2020
	£	£
Taxation and social security	14,946	16,850
Total	14,946	16,850


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

9.	Creditors after one year

	2021	2020
	£	£
Bank borrowings and overdrafts	15,783	18,750
Other creditors	771	78
Total	16,554	18,828