PBR Services Ltd - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 09451481

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

PBR SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Boardman

REGISTERED OFFICE:

The Old Bakery

Green Street

Lytham St Annes

Lancashire

FY8 5LG

BUSINESS ADDRESS:

Unit 5

Cottom Business Centre

Cottom Lane

Preston

Lancashire

PR2 1JR

REGISTERED NUMBER:

09451481

ACCOUNTANTS:

Forbes Watson Limited

The Old Bakery

Green Street

Lytham St Annes

Lancashire

FY8 5LG

FIXED ASSETS

Tangible assets

4

4,430

1,370

CURRENT ASSETS

Debtors

5

1,027

-

Cash at bank

31,520

4,632

32,547

4,632

CREDITORS

Amounts falling due within one year

6

(22,242

)

(5,323

)

NET CURRENT ASSETS/(LIABILITIES)

10,305

(691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,735

679

PROVISIONS FOR LIABILITIES

(753

)

-

NET ASSETS

13,982

679

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

13,972

669

SHAREHOLDERS' FUNDS

8

13,982

679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 30 March 2017 and were signed by:

P Boardman - Director

1.	STATUTORY INFORMATION

PBR Services Ltd is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.

Plant and machinery etc

-

33% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

2,045

Additions

5,242

At 28 February 2017

7,287

DEPRECIATION

At 1 March 2016

675

Charge for year

2,182

At 28 February 2017

2,857

NET BOOK VALUE

At 28 February 2017

4,430

At 29 February 2016

1,370

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Other debtors

1,027

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

29.2.16

£

£

Taxation and social security

16,859

2,079

Other creditors

5,383

3,244

22,242

5,323

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 February 2017 and the period

ended 29 February 2016:

28.2.17

29.2.16

£

£

P Boardman

Balance outstanding at start of year

1,502

-

Amounts advanced

48,064

17,412

Amounts repaid

(34,914

)

(15,910

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,652

1,502

8.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

28.2.17

29.2.16

£

£

Profit for the financial year

43,303

7,669

Dividends

(30,000

)

(7,000

)

New share capital subscribed

-

10

Net addition to shareholders' funds

13,303

679

Opening shareholders' funds

679

-

Closing shareholders' funds

13,982

679