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REGISTERED NUMBER: 00657060 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

P B GROUP LIMITED

P B GROUP LIMITED (REGISTERED NUMBER: 00657060)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


P B GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: Mr R B Godfrey
Mr D Worthington





REGISTERED OFFICE: C/o STC Europe Limited
Unit 2 Conqueror Court
Velumn Road
SITTINGBOURNE
Kent
ME10 5BH





REGISTERED NUMBER: 00657060 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
Bank Chambers
1 Central Avenue
Sittingbourne
Kent
ME10 4AE

P B GROUP LIMITED (REGISTERED NUMBER: 00657060)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - 1,075,802
Investments 6 100 100
100 1,075,902

CURRENT ASSETS
Stocks 20,000 44,308
Debtors 7 197,339 377,776
Cash at bank and in hand 7,052 6,101
224,391 428,185
CREDITORS
Amounts falling due within one year 8 201,357 635,939
NET CURRENT ASSETS/(LIABILITIES) 23,034 (207,754 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,134

868,148

CAPITAL AND RESERVES
Called up share capital 10 21,055 21,055
Capital redemption reserve 2,079 2,079
Retained earnings - 845,014
SHAREHOLDERS' FUNDS 23,134 868,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

P B GROUP LIMITED (REGISTERED NUMBER: 00657060)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2018


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 Board of Directors on 26 November 2018 and were signed on its behalf
by:





Mr R B Godfrey - Director


P B GROUP LIMITED (REGISTERED NUMBER: 00657060)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

P B Group Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates
and assumptions about the carrying value of assets and liabilities that are not readily apparent from other
sources. The estimates and underlying assumptions are based on historical experience and other factors that
are considered relevant. Actual results may differ from these estimates. The estimates and underlying
assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period
to which the estimate is revised if the revision affects only that period or in the period of the revision and future
periods if the revision affects both current and future periods. The key sources of estimation uncertainty that
have a significant effect on the amounts recognised in the financial statements are the depreciation charges that
are calculated with reference to the useful economic life of fixed assets.

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.
Buildings - Straight line over 999 years
Plant and machinery - 25% on reducing balance, straight line over 5 years, straight line over 10 years and Straight line over 20 years
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value.

P B GROUP LIMITED (REGISTERED NUMBER: 00657060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

3. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and
liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and
loans to related parties.

a) Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the
effective interest method, less impairment losses for bad and doubtful debts except where the effect of
discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for
bad and doubtful debts.

b) Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

c) Impairment of financial assets
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period
for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is
recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an
asset's carrying amount and the present value of estimated cash flows discounted at the asset's original
effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any
impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference
between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the
company would receive for the asset if it were to be sold at the reporting date.

d) Trade and other creditors
Debt instruments like loans and other accounts payable are initially measured at present value of the future
payments and subsequently at amortised cost using the effective interest method. Debt instruments that are
payable within one year, typically trade payables, are measured, initially and subsequently, at the undiscounted
amount of the cash or other consideration expected to be paid. However, if the arrangements of a short-term
instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business
terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at
market rate, the financial asset is measured, initially and subsequently, at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when
there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis
or to realise the asset and settle the liability simultaneously.

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 have been enacted or
substantively enacted by the statement of financial position date.

P B GROUP LIMITED (REGISTERED NUMBER: 00657060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

3. ACCOUNTING POLICIES - continued

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.

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
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.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to
determine whether there is an indication that an asset may be impaired. If there is an indication of possible
impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use
and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable
amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss
is recognised immediately in profit and loss.

Inventories are also assessed for impairment at each reporting date. Each item of inventory is compared to the
last sold date and an impairment loss recognised on a percentage basis in profit and loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is
increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been
determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A
reversal of an impairment loss is recognised immediately in profit and loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 8 ).

P B GROUP LIMITED (REGISTERED NUMBER: 00657060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. TANGIBLE FIXED ASSETS
Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2017 817,387 1,270,122 15,000 2,102,509
Disposals (817,387 ) (1,270,122 ) (15,000 ) (2,102,509 )
At 31 March 2018 - - - -
DEPRECIATION
At 1 April 2017 9,746 1,005,975 10,986 1,026,707
Charge for year 205 13,266 251 13,722
Eliminated on disposal (9,951 ) (1,019,241 ) (11,237 ) (1,040,429 )
At 31 March 2018 - - - -
NET BOOK VALUE
At 31 March 2018 - - - -
At 31 March 2017 807,641 264,147 4,014 1,075,802

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2017
and 31 March 2018 100
NET BOOK VALUE
At 31 March 2018 100
At 31 March 2017 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 24,605 200,578
Amounts owed by group undertakings 172,611 166,435
Other debtors - 10,163
VAT 123 -
Prepayments - 600
197,339 377,776

P B GROUP LIMITED (REGISTERED NUMBER: 00657060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 11,624 506,252
Trade creditors 34,776 70,992
Taxation 151,479 -
Other taxes and PAYE taxes 211 1,608
VAT - 24,627
Other creditors 178 807
Invoice financing 9 26,283
Accrued expenses 3,080 5,370
201,357 635,939

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Bank loans 11,624 506,252

10. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
8,167 'A' Ordinary £1 8,167 8,167
12,888 'B' Ordinary £1 12,888 12,888
21,055 21,055

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.