Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.3true2022-04-22falsetrueNo description of principal activity 14063749 2022-04-21 14063749 2022-04-22 2023-04-30 14063749 2021-04-22 2022-04-21 14063749 2023-04-30 14063749 c:Director1 2022-04-22 2023-04-30 14063749 d:CurrentFinancialInstruments 2023-04-30 14063749 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14063749 d:ShareCapital 2023-04-30 14063749 d:RetainedEarningsAccumulatedLosses 2023-04-30 14063749 c:FRS102 2022-04-22 2023-04-30 14063749 c:AuditExempt-NoAccountantsReport 2022-04-22 2023-04-30 14063749 c:FullAccounts 2022-04-22 2023-04-30 14063749 c:PrivateLimitedCompanyLtd 2022-04-22 2023-04-30 iso4217:GBP xbrli:pure

Registered number: 14063749










PSI DIAMOND PLUMBING AND MAINTENANCE LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 APRIL 2023

 
PSI DIAMOND PLUMBING AND MAINTENANCE LTD
REGISTERED NUMBER: 14063749

BALANCE SHEET
AS AT 30 APRIL 2023

2023
Note
£

  

Current assets
  

Cash at bank and in hand
 4 
228

  
228

Creditors: amounts falling due within one year
 5 
(470)

Net current (liabilities)/assets
  
 
 
(242)

Total assets less current liabilities
  
(242)

  

Net (liabilities)/assets
  
(242)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(342)

  
(242)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 January 2024.




Stephanie Brown
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
PSI DIAMOND PLUMBING AND MAINTENANCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

1.


General information

PSI Diamond Plumbing and Maintenance Ltd is a company limited by shares which was incorporated in England. 
The registered office for the business is:-
3 Chequers Lane
Grove 
Wantage
Oxfordshire 
OX12 7FL
The company's principal activity is the provision of plumbing and heating services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

Page 2

 
PSI DIAMOND PLUMBING AND MAINTENANCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
PSI DIAMOND PLUMBING AND MAINTENANCE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2023

3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2023
            No.






Average number of employees
3


4.


Cash and cash equivalents

2023
£

Cash at bank and in hand
228

228



5.


Creditors: Amounts falling due within one year

2023
£

Other creditors
470

470


 
Page 4