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REGISTERED NUMBER: 04985100 (England and Wales)















KAZOO PSG LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






KAZOO PSG LIMITED (REGISTERED NUMBER: 04985100)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


KAZOO PSG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S J Talbot
Mrs L J Talbot





SECRETARY: Mrs L J Talbot





REGISTERED OFFICE: 4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE





REGISTERED NUMBER: 04985100 (England and Wales)





ACCOUNTANTS: Inspired Accountants Limited
Chartered Certified Accountants
4 Parkside Court
Greenhough Road
Lichfield
Staffordshire
WS13 7FE

KAZOO PSG LIMITED (REGISTERED NUMBER: 04985100)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 340,752 232,367
340,752 232,367

CURRENT ASSETS
Stocks 20,000 20,000
Debtors 7 631,405 568,123
Cash at bank and in hand 266,416 197,317
917,821 785,440
CREDITORS
Amounts falling due within one year 8 725,684 546,617
NET CURRENT ASSETS 192,137 238,823
TOTAL ASSETS LESS CURRENT LIABILITIES 532,889 471,190

CREDITORS
Amounts falling due after more than one year 9 (194,569 ) (117,334 )

PROVISIONS FOR LIABILITIES (67,463 ) (41,805 )
NET ASSETS 270,857 312,051

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 270,757 311,951
SHAREHOLDERS' FUNDS 270,857 312,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

KAZOO PSG LIMITED (REGISTERED NUMBER: 04985100)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mr S J Talbot - Director


KAZOO PSG LIMITED (REGISTERED NUMBER: 04985100)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Kazoo PSG Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

KAZOO PSG LIMITED (REGISTERED NUMBER: 04985100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 22 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 36,400
AMORTISATION
At 1 January 2023
and 31 December 2023 36,400
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

KAZOO PSG LIMITED (REGISTERED NUMBER: 04985100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 853,326
Additions 182,103
Disposals (6,300 )
At 31 December 2023 1,029,129
DEPRECIATION
At 1 January 2023 620,959
Charge for year 71,725
Eliminated on disposal (4,307 )
At 31 December 2023 688,377
NET BOOK VALUE
At 31 December 2023 340,752
At 31 December 2022 232,367

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 493,945
Additions 11,434
Disposals (6,300 )
At 31 December 2023 499,079
DEPRECIATION
At 1 January 2023 371,346
Charge for year 32,270
Eliminated on disposal (4,307 )
At 31 December 2023 399,309
NET BOOK VALUE
At 31 December 2023 99,770
At 31 December 2022 122,599

KAZOO PSG LIMITED (REGISTERED NUMBER: 04985100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 631,330 567,862
Amounts owed by group undertakings 75 75
Other debtors - 186
631,405 568,123

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 41,635 32,772
Trade creditors 229,831 178,196
Amounts owed to group undertakings 176,238 149,506
Taxation and social security 184,800 160,768
Other creditors 73,180 5,375
725,684 546,617

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 43,333 63,333
Hire purchase contracts 151,236 54,001
194,569 117,334

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S J Talbot.