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REGISTERED NUMBER: 05721547 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

PSD CONSULTANCY SERVICES LTD

PSD CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 05721547)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PSD CONSULTANCY SERVICES LTD

COMPANY INFORMATION
For The Year Ended 28 February 2023







DIRECTOR: Mr P Singh





REGISTERED OFFICE: 7 Overstrand Road
Leicester
LE5 1AT





REGISTERED NUMBER: 05721547 (England and Wales)





ACCOUNTANTS: TC Group
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

PSD CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 05721547)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 354 425

CURRENT ASSETS
Debtors 5 9,822 -
Cash at bank 568 36,010
10,390 36,010
CREDITORS
Amounts falling due within one year 6 10,575 16,697
NET CURRENT (LIABILITIES)/ASSETS (185 ) 19,313
TOTAL ASSETS LESS CURRENT LIABILITIES 169 19,738

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69 19,638
169 19,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 November 2023 and were signed by:





Mr P Singh - Director


PSD CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 05721547)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 February 2023


1. STATUTORY INFORMATION

PSD Consultancy Services 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets include directly attributable incremental costs incurred in their acquisition and installation.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

PSD CONSULTANCY SERVICES LTD (REGISTERED NUMBER: 05721547)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 February 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 4,695 3,610 8,305
DEPRECIATION
At 1 March 2022 4,279 3,601 7,880
Charge for year 62 9 71
At 28 February 2023 4,341 3,610 7,951
NET BOOK VALUE
At 28 February 2023 354 - 354
At 28 February 2022 416 9 425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,822 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 8,954 13,471
Other creditors 1,621 3,226
10,575 16,697

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr P Singh
Balance outstanding at start of year (2,120 ) 1,428
Amounts advanced 16,942 -
Amounts repaid (5,000 ) (3,548 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,822 (2,120 )