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Company Registration No. 9466564 (England and Wales)
PS Accounting Solutions Limited Unaudited accounts for the year ended 31 March 2023
PS Accounting Solutions Limited Unaudited accounts Contents
Page
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PS Accounting Solutions Limited Company Information for the year ended 31 March 2023
Director
Paul Sale
Secretary
Hannah Sale
Company Number
9466564 (England and Wales)
Registered Office
8 REDE WOOD ROAD BARMING MAIDSTONE KENT ME16 9HL ENGLAND
Accountants
PS Accounting Solutions Ltd 8 Rede Wood Road Barming Maidstone Kent ME16 9HL
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PS Accounting Solutions Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,174 
1,682 
Current assets
Debtors
2,227 
3,446 
Cash at bank and in hand
40,173 
39,984 
42,400 
43,430 
Creditors: amounts falling due within one year
(7,207)
(5,059)
Net current assets
35,193 
38,371 
Total assets less current liabilities
36,367 
40,053 
Provisions for liabilities
Deferred tax
(223)
(319)
Net assets
36,144 
39,734 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
36,044 
39,634 
Shareholders' funds
36,144 
39,734 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2023 and were signed on its behalf by
Paul Sale Director Company Registration No. 9466564
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PS Accounting Solutions Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
PS Accounting Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 9466564. The registered office is 8 REDE WOOD ROAD, BARMING, MAIDSTONE, KENT, ME16 9HL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20%
Computer equipment
25%
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PS Accounting Solutions Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,265 
3,745 
5,010 
Additions
- 
295 
295 
At 31 March 2023
1,265 
4,040 
5,305 
Depreciation
At 1 April 2022
1,242 
2,086 
3,328 
Charge for the year
23 
780 
803 
At 31 March 2023
1,265 
2,866 
4,131 
Net book value
At 31 March 2023
- 
1,174 
1,174 
At 31 March 2022
23 
1,659 
1,682 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,127 
3,346 
Other debtors
100 
100 
2,227 
3,446 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,193 
5,047 
Loans from directors
14 
12 
7,207 
5,059 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Controlling party
The controlling party is Mr P.Sale by virtue of having 65% ownership of the issued share capital in the company.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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