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REGISTERED NUMBER: 10388775 (England and Wales)










Unaudited Financial Statements for the Year Ended 30 September 2023

for

PSUK LTD

PSUK LTD (REGISTERED NUMBER: 10388775)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

PSUK LTD

Company Information
for the Year Ended 30 September 2023







DIRECTOR: S R Haddaway





SECRETARY: Miss M A Haddaway





REGISTERED OFFICE: 1, Waveney Grove
Cannock
Staffordshire
WS11 1NL





REGISTERED NUMBER: 10388775 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

PSUK LTD (REGISTERED NUMBER: 10388775)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,404 18,106

CURRENT ASSETS
Stocks 7,500 2,700
Debtors 5 7,102 14,624
Prepayments and accrued income 4,601 3,466
Cash at bank 17,183 20,706
36,386 41,496
CREDITORS
Amounts falling due within one year 6 63,737 71,229
NET CURRENT LIABILITIES (27,351 ) (29,733 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,947

)

(11,627

)

ACCRUALS AND DEFERRED INCOME 580 550
NET LIABILITIES (12,527 ) (12,177 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (12,528 ) (12,178 )
(12,527 ) (12,177 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 10 April 2024 and were signed by:





S R Haddaway - Director


PSUK LTD (REGISTERED NUMBER: 10388775)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

PSUK Ltd 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

PSUK LTD (REGISTERED NUMBER: 10388775)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 17,008 298 12,395 443 30,144
Additions 1,055 - - 221 1,276
At 30 September 2023 18,063 298 12,395 664 31,420
DEPRECIATION
At 1 October 2022 9,023 34 2,538 443 12,038
Charge for year 1,394 66 2,465 53 3,978
At 30 September 2023 10,417 100 5,003 496 16,016
NET BOOK VALUE
At 30 September 2023 7,646 198 7,392 168 15,404
At 30 September 2022 7,985 264 9,857 - 18,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 4,602 12,124
Other debtors 2,500 2,500
7,102 14,624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 934 707
Taxation and social security 2,377 2,529
Other creditors 60,426 67,993
63,737 71,229

7. GOING CONCERN

The company's continued operation is dependent upon the ongoing financial support of the director; the accounts have been prepared on a going concern basis on the understanding that this support will be maintained.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
PSUK Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PSUK Ltd for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of PSUK Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PSUK Ltd and state those matters that we have agreed to state to the director of PSUK Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PSUK Ltd and its director for our work or for this report.

It is your duty to ensure that PSUK Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of PSUK Ltd. You consider that PSUK Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PSUK Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


10 April 2024