PSH Services Limited |
Notes to the Accounts |
for the year ended 31 March 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 April 2021 |
309 |
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At 31 March 2022 |
309 |
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Depreciation |
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At 1 April 2021 |
309 |
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At 31 March 2022 |
309 |
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Net book value |
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At 31 March 2022 |
- |
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4 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Trade debtors |
1,490 |
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2,850 |
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5 |
Creditors: amounts falling due within one year |
2022 |
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2021 |
£ |
£ |
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Taxation and social security costs |
2,769 |
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2,945 |
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Other creditors |
600 |
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(5,691) |
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3,369 |
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(2,746) |
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6 |
Other information |
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PSH Services Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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28 Somerton Grove |
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Thatcham |
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Berkshire |
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RG19 3XE |