PBS Care Homes Ltd

PBS Care Homes Ltd

PBS CARE HOMES LTD - Company Information

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Company Registration No. 11571666 (England and Wales)
PBS Care Homes Ltd Unaudited accounts for the year ended 30 September 2022
PBS Care Homes Ltd Unaudited accounts Contents
Page
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PBS Care Homes Ltd Company Information for the year ended 30 September 2022
Directors
John Lawrence Julie Anne Woraker
Company Number
11571666 (England and Wales)
Registered Office
Office 5, C1B, 30 Brunel Road Manor Trading Estate Benfleet Essex SS7 4PS
Accountants
GUIDA ACCOUNTANCY LTD Office 5, C1B, 30 Brunel Road Manor Trading Estate Benfleet Essex SS7 4PS
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of PBS Care Homes Ltd for the year ended 30 September 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of PBS Care Homes Ltd for the year ended 30 September 2022 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of PBS Care Homes Ltd, as a body, in accordance with the terms of our engagement letter dated 1 August 2019. Our work has been undertaken solely to prepare for your approval the accounts of PBS Care Homes Ltd and state those matters that we have agreed to state to the Board of Directors of PBS Care Homes Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PBS Care Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PBS Care Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PBS Care Homes Ltd. You consider that PBS Care Homes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PBS Care Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
GUIDA ACCOUNTANCY LTD Chartered Accountants Office 5, C1B, 30 Brunel Road Manor Trading Estate Benfleet Essex SS7 4PS 22 February 2023
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PBS Care Homes Ltd Statement of financial position as at 30 September 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
47,793 
34,112 
Current assets
Debtors
5
63,934 
47,257 
Cash at bank and in hand
85,870 
41,626 
149,804 
88,883 
Creditors: amounts falling due within one year
6
(192,579)
(94,180)
Net current liabilities
(42,775)
(5,297)
Total assets less current liabilities
5,018 
28,815 
Creditors: amounts falling due after more than one year
7
(4,583)
(9,583)
Net assets
435 
19,232 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
335 
19,132 
Shareholders' funds
435 
19,232 
For the year ending 30 September 2022 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2023 and were signed on its behalf by
John Lawrence Director Company Registration No. 11571666
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PBS Care Homes Ltd Notes to the Accounts for the year ended 30 September 2022
1
Statutory information
PBS Care Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11571666. The registered office is Office 5, C1B, 30 Brunel Road, Manor Trading Estate, Benfleet, Essex, SS7 4PS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 September 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2020. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 9 below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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PBS Care Homes Ltd Notes to the Accounts for the year ended 30 September 2022
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2021
28,645 
14,820 
43,465 
Additions
14,100 
12,409 
26,509 
At 30 September 2022
42,745 
27,229 
69,974 
Depreciation
At 1 October 2021
3,561 
5,792 
9,353 
Charge for the year
8,042 
4,786 
12,828 
At 30 September 2022
11,603 
10,578 
22,181 
Net book value
At 30 September 2022
31,142 
16,651 
47,793 
At 30 September 2021
25,084 
9,028 
34,112 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
59,533 
43,244 
Accrued income and prepayments
4,401 
2,941 
Other debtors
- 
1,072 
63,934 
47,257 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
5,000 
5,000 
Trade creditors
1,644 
858 
Taxes and social security
66,418 
45,898 
Other creditors
73,853 
- 
Loans from directors
45,664 
24,396 
Accruals
- 
18,028 
192,579 
94,180 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
4,583 
9,583 
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PBS Care Homes Ltd Notes to the Accounts for the year ended 30 September 2022
8
Average number of employees
During the year the average number of employees was 13 (2021: 8).
9
Reconciliations on adoption of FRS 102
No adjustments are required in respect of the transition to FRS102 Section1A.
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