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Registered Number: 10852412
England

 

 

 

PS EMBEDDED LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
  2023   2022
    £ £   £ £
Fixed assets   2,506      2,255 
Current assets 79,681      57,613   
Prepayments and accrued income     (26)  
Creditors: amount falling due within one year (22,345)     (15,074)  
Net current assets   57,336      42,513 
Total assets less current liabilities   59,842      44,768 
Net assets   59,842      44,768 
 

         
Capital and reserves   59,842      44,768 
 
NOTES TO THE ACCOUNTS

General Information
PS EMBEDDED LTD is a private company, limited by shares, registered in England, registration number 10852412, registration address 35 Swanmore Road, Littleover, Derby, Derbyshire, DE23 3SD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
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:
Fixtures and Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 September 2022 796    3,702    4,498 
Additions   948    948 
Disposals    
At 31 August 2023 796    4,650    5,446 
Depreciation
At 01 September 2022 201    2,042    2,243 
Charge for year 149    548    697 
On disposals    
At 31 August 2023 350    2,590    2,940 
Net book values
Closing balance as at 31 August 2023 446    2,060    2,506 
Opening balance as at 01 September 2022 595    1,660    2,255 


3.

Average number of employees


Average number of employees during the year was 2 (2022 : 3).

4.

Transaction with directors

At the balance sheet date, within the other creditors include an amount of £4,031.75 (2021: £1,475.45) owed to the directors. The loan is interest free and repayable on demand.


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 06 November 2023 and were signed on its behalf by:


--------------------------------
Pawel Starzyk
Director
1