Company Registration No. SC656439 (Scotland)
PST ENTERTAINMENTS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
Sobell Rhodes LLP
The Kinetic Centre
Theobald Street
Elstree
Borehamwood
Hertfordshire
WD6 4PJ
PST ENTERTAINMENTS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
PST ENTERTAINMENTS LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
3,300
28,800
Cash at bank and in hand
95,994
126,056
99,294
154,856
Creditors: amounts falling due within one year
4
(28,826)
(49,703)
Net current assets
70,468
105,153
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
70,368
105,053
Total equity
70,468
105,153

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 4 January 2024
Miss P S Turley
Director
Company Registration No. SC656439
PST ENTERTAINMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

PST Entertainments Ltd is a private company limited by shares incorporated in Scotland. The registered office is 272 Bath Street, Glasgow, Scotland, G2 4JR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.4
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

PST ENTERTAINMENTS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
3,300
28,800
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,267
5,902
Corporation tax
12,975
28,739
Other taxation and social security
9,067
6,948
Other creditors
5,517
8,114
28,826
49,703
2023-03-312022-04-01false15 January 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMiss P S TurleyfalseSC6564392022-04-012023-03-31SC6564392023-03-31SC6564392022-03-31SC656439core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-31SC656439core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-31SC656439core:CurrentFinancialInstruments2023-03-31SC656439core:CurrentFinancialInstruments2022-03-31SC656439core:ShareCapital2023-03-31SC656439core:ShareCapital2022-03-31SC656439core:RetainedEarningsAccumulatedLosses2023-03-31SC656439core:RetainedEarningsAccumulatedLosses2022-03-31SC656439bus:Director12022-04-012023-03-31SC6564392021-04-012022-03-31SC656439bus:PrivateLimitedCompanyLtd2022-04-012023-03-31SC656439bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC656439bus:FRS1022022-04-012023-03-31SC656439bus:AuditExemptWithAccountantsReport2022-04-012023-03-31SC656439bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP