Registered Number:07132980 |
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2023
PSC Mailing Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
PSC Mailing Ltd
Statement of Financial Position
2022
2023
4,000
6,000
2
Property, plant and equipment |
63,218
79,794
3
67,218
85,794
3,000
3,000
4
Trade and other receivables |
153,608
167,004
5
168,419
Cash and cash equivalents |
174,182
344,186
325,027
Trade and other payables: amounts falling due within one |
year |
(101,854)
(121,980)
6
223,173
222,206
Net current assets
Total assets less current liabilities |
289,424
308,967
Trade and other payables: amounts falling due after more |
than one year |
(38,101)
(28,221)
7
261,203
Net assets
270,866
4
4
261,199
270,862
261,203
270,866
Shareholders' funds
For the year ended 28 February 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 28 February 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their 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. |
These financial statements were approved and authorised for issue by the Board on 31 August 2023 and were signed by: |
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For the year ended 28 February 2023
PSC Mailing Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 28 February 2023
PSC Mailing Ltd
Notes to the Financial Statements
Statutory Information
PSC Mailing Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
07132980. |
Unit 8 Waters Business Park
Oil Sites Road
Ellesmere Port
CH65 4FF
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 10 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
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: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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For the year ended 28 February 2023
PSC Mailing Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
20,000
20,000
14,000
2,000
Charge for year
16,000
4,000
6,000
3. Property, plant and equipment |
Motor vehicles
247,202
4,275
5,398
24,725
212,804
4,495
-
-
-
4,495
24,725
5,398
4,275
251,697
217,299
Provision for depreciation and impairment |
167,408
4,275
4,515
3,560
155,058
Charge for year
21,071
-
220
5,291
15,560
188,479
4,275
4,735
8,851
170,618
46,681
15,874
663
-
63,218
57,746
21,165
883
-
79,794
2022
2023
3,000
3,000
4 of 5
For the year ended 28 February 2023
PSC Mailing Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables |
2022
2023
150,009
137,910
16,995
15,698
153,608
167,004
6. Trade and other payables: amounts falling due within one year |
2022
2023
10,800
10,920
77,445
61,754
Taxation and social security |
29,711
25,546
4,024
3,634
121,980
101,854
7. Trade and other payables: amounts falling due after more than one year |
2022
2023
25,033
34,913
3,188
3,188
28,221
38,101
8. Average number of persons employed |
During the year the average number of employees was 6 (2022 : 6)
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