P.B Services (London) Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05784119 (England and Wales)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

FOR

P.B SERVICES (LONDON) LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms J Z Creek

REGISTERED OFFICE:

Solar House

282 Chase Road

London

N14 6NZ

REGISTERED NUMBER:

05784119 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certifed Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

4

97,451

64,781

CURRENT ASSETS

Stocks

7,712

5,740

Debtors

267,407

165,537

Cash at bank and in hand

466,518

492,581

741,637

663,858

CREDITORS

Amounts falling due within one year

271,731

234,070

NET CURRENT ASSETS

469,906

429,788

TOTAL ASSETS LESS CURRENT LIABILITIES

567,357

494,569

CREDITORS

Amounts falling due after more than one year

5

(49,079

)

(59,684

)

PROVISIONS FOR LIABILITIES

7

(18,516

)

-

NET ASSETS

499,762

434,885

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

499,752

434,875

SHAREHOLDERS' FUNDS

499,762

434,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 30 April 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2023 and were signed by:

Ms J Z Creek - Director

1.	STATUTORY INFORMATION

P.B Services (London) 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.

Turnover

Turnover represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Government grants

Government grants represents income received in the form of the first year of interest for the company on the Bounce Back Loan (BBL) it received during the year.

The grant it is recognised on the accruals basis in the same period as the expenditure that it is intended to compensate.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2021 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2021

155,949

Additions

73,089

Disposals

(23,078

)

At 30 April 2022

205,960

DEPRECIATION

At 1 May 2021

91,168

Charge for year

32,485

Eliminated on disposal

(15,144

)

At 30 April 2022

108,509

NET BOOK VALUE

At 30 April 2022

97,451

At 30 April 2021

64,781

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2021

and 30 April 2022

12,333

DEPRECIATION

At 1 May 2021

8,677

Charge for year

914

At 30 April 2022

9,591

NET BOOK VALUE

At 30 April 2022

2,742

At 30 April 2021

3,656

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30.4.22

30.4.21

£

£

Repayable by instalments

Bank loans more 5 yr by instal

-

9,167

6.

LOANS

An analysis of the maturity of loans is given below:

30.4.22

30.4.21

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

833

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

29,167

30,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

9,167

7.	PROVISIONS FOR LIABILITIES

30.4.22

30.4.21

£

£

Deferred tax

18,516

-

Deferred

tax

£

Provided during year

18,516

Balance at 30 April 2022

18,516

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.22

30.4.21

value:

£

£

10

Ordinary

1

10

10