PSY LIMITED

Company Registration Number:
11631775 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2023

Period of accounts

Start date: 01 November 2022

End date: 31 October 2023

PSY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2023

Balance sheet
Notes

PSY LIMITED

Balance sheet

As at 31 October 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,308,457 961,849
Total fixed assets: 1,308,457 961,849
Current assets
Stocks: 1,283,248 412,186
Debtors:   1,142,185 671,107
Cash at bank and in hand: 421,854 381,103
Total current assets: 2,847,287 1,464,396
Creditors: amounts falling due within one year:   (351,719) (201,142)
Net current assets (liabilities): 2,495,568 1,263,254
Total assets less current liabilities: 3,804,025 2,225,103
Total net assets (liabilities): 3,804,025 2,225,103
Capital and reserves
Called up share capital: 175,000 175,000
Profit and loss account: 3,629,025 2,050,103
Shareholders funds: 3,804,025 2,225,103

The notes form part of these financial statements

PSY LIMITED

Balance sheet statements

For the year ending 31 October 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 March 2024
and signed on behalf of the board by:

Name: PIERRE JACOBS
Status: Director

The notes form part of these financial statements

PSY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PSY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

2. Employees

2023 2022
Average number of employees during the period 15 12

PSY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2023

3. Tangible Assets

Total
Cost £
At 01 November 2022 1,113,403
Additions 561,995
At 31 October 2023 1,675,398
Depreciation
At 01 November 2022 151,554
Charge for year 215,387
At 31 October 2023 366,941
Net book value
At 31 October 2023 1,308,457
At 31 October 2022 961,849