2022-03-01 07132980 2023-02-28 07132980 2022-03-01 2023-02-28 07132980 2022-02-28 07132980 2021-03-01 2022-02-28 07132980 uk-core:WithinOneYear 2022-02-28 07132980 uk-core:WithinOneYear 2023-02-28 07132980 uk-core:AfterOneYear 2022-02-28 07132980 uk-core:AfterOneYear 2023-02-28 07132980 uk-core:ShareCapital 2023-02-28 07132980 uk-core:ShareCapital 2022-02-28 07132980 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 07132980 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 07132980 uk-bus:Director1 2022-03-01 2023-02-28 07132980 uk-bus:Director2 2022-03-01 2023-02-28 07132980 uk-core:NetGoodwill 2022-03-01 2023-02-28 07132980 uk-core:PlantMachinery 2022-03-01 2023-02-28 07132980 uk-core:ToolsEquipment 2022-03-01 2023-02-28 07132980 uk-core:CommercialMotorVehicles 2022-03-01 2023-02-28 07132980 uk-core:FurnitureFittings 2022-03-01 2023-02-28 07132980 uk-core:Goodwill 2022-02-28 07132980 uk-core:Goodwill 2023-02-28 07132980 uk-core:Goodwill 2022-03-01 2023-02-28 07132980 uk-core:ToolsEquipment 2022-02-28 07132980 uk-core:FurnitureFittings 2022-02-28 07132980 uk-core:CommercialMotorVehicles 2022-02-28 07132980 uk-core:PlantMachinery 2022-02-28 07132980 uk-core:CommercialMotorVehicles 2023-02-28 07132980 uk-core:FurnitureFittings 2023-02-28 07132980 uk-core:ToolsEquipment 2023-02-28 07132980 uk-core:PlantMachinery 2023-02-28 07132980 uk-core:WithinOneYear 2023-02-28 07132980 uk-core:WithinOneYear 2022-02-28 07132980 uk-core:AfterOneYear uk-core:Secured 2023-02-28 07132980 uk-core:AfterOneYear uk-core:Secured 2022-02-28 iso4217:GBP xbrli:pure 07132980 uk-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 07132980 uk-bus:FRS102 2022-03-01 2023-02-28 07132980 uk-bus:FullAccounts 2022-03-01 2023-02-28 07132980 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
Draft
PSC Mailing Ltd
Registered Number:07132980
For the year ended 28 February 2023
England and Wales
Unaudited Financial Statements
2
Draft
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
3
Draft
Registered Number :
07132980
As at 28 February 2023
PSC Mailing Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Intangible assets
4,000
6,000
2
Property, plant and equipment
63,218
79,794
3
67,218
85,794
Current assets
Inventories
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
Capital and reserves
Called up share capital
4
4
Retained earnings
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.
Aaron Corbett Director
Elizabeth Maly Director
These financial statements were approved and authorised for issue by the Board on 31 August 2023 and were signed by:
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4
Draft
Registered Number :
07132980
For the year ended 28 February 2023
PSC Mailing Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
Draft
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.
Registered address:
Unit 8 Waters Business Park
Oil Sites Road
Ellesmere Port
CH65 4FF
The presentation currency is £ sterling.
1. Accounting policies
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
25% Reducing balance
33.3% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
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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6
Draft
For the year ended 28 February 2023
PSC Mailing Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2022
20,000
At 28 February 2023
20,000
Amortisation
At 01 March 2022
14,000
2,000
Charge for year
At 28 February 2023
16,000
Net book value
At 28 February 2023
4,000
At 28 February 2022
6,000
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 March 2022
247,202
4,275
5,398
24,725
212,804
4,495
-
-
-
4,495
Additions
At 28 February 2023
24,725
5,398
4,275
251,697
217,299
Provision for depreciation and impairment
At 01 March 2022
167,408
4,275
4,515
3,560
155,058
Charge for year
21,071
-
220
5,291
15,560
At 28 February 2023
188,479
4,275
4,735
8,851
170,618
At 28 February 2023
Net book value
46,681
15,874
663
-
63,218
At 28 February 2022
57,746
21,165
883
-
79,794
4. Inventories
2022
2023
£
£
Stocks
3,000
3,000
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7
Draft
For the year ended 28 February 2023
PSC Mailing Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2022
2023
£
£
Trade debtors
150,009
137,910
Other debtors
16,995
15,698
153,608
167,004
6. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
10,800
10,920
Trade creditors
77,445
61,754
Taxation and social security
29,711
25,546
Other creditors
4,024
3,634
121,980
101,854
7. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
25,033
34,913
Other creditors
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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