PB Loans Limited - Period Ending 2018-03-31
PB Loans Limited - Period Ending 2018-03-31
Registration number:
PB Loans Limited
Information for Filing with The Registrar
31 March 2018
PB Loans Limited
(Registration number: 07816419)
Balance Sheet
31 March 2018
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2018 |
2017 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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TOTAL EQUITY |
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For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
As permitted by section 444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account.
Approved and authorised by the
W.T. Munro
Director
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Page 1 |
PB Loans Limited
Notes to the Accounts
Year Ended 31 March 2018
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises corporation tax.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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Debtors |
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2018 |
2017 |
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Trade debtors |
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Other debtors |
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Page 2 |
PB Loans Limited
Notes to the Accounts
Year Ended 31 March 2018
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Creditors |
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2018 |
2017 |
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Due within one year |
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Trade creditors |
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Amounts due to related parties |
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Corporation tax |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2018 |
2017 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
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Page 3 |