Registered Number:04202585 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
PBMS (Torquay) Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
PBMS (Torquay) Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
245,337
244,431
2
245,337
244,431
Trade and other receivables |
707
695
4
140,226
Cash and cash equivalents |
142,459
143,154
140,933
Trade and other payables: amounts falling due within one |
year |
(27,248)
(38,605)
5
113,685
104,549
Net current assets
Total assets less current liabilities |
349,886
358,116
(109)
(145)
Provisions for liabilities |
349,777
Net assets
357,971
2
2
349,775
357,969
349,777
357,971
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Christopher Bettesworth Director |
These financial statements were approved and authorised for issue by the Board on 29 March 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
PBMS (Torquay) Limited
Notes to the Financial Statements
Statutory Information
PBMS (Torquay) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 04202585. |
29-30 Fleet Street
Torquay
Devon
TQ1 1BB
The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Investment property
Investment properties are included in the balance sheet at their open market value at the balance sheet date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
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For the year ended 31 March 2023
PBMS (Torquay) Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
255,336
11,669
243,667
1,463
1,463
-
243,667
13,132
256,799
Provision for depreciation and impairment |
10,905
10,905
-
Charge for year
557
557
-
11,462
11,462
-
243,667
1,670
245,337
243,667
764
244,431
3. Investments held as fixed assets |
4. Trade and other receivables |
2022
2023
695
707
5. Trade and other payables: amounts falling due within one year |
2022
2023
2,000
2,000
Taxation and social security |
1,920
2,198
34,685
23,050
38,605
27,248
6. Related party transactions |
The company was under the control of Mr CSP Bettesworth during this year.
7. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 2)
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