1 November 2022 false No description of principal activity Taxfiler 2024.1 SC645552business:PrivateLimitedCompanyLtd2022-11-012023-12-31 SC6455522022-10-31 SC6455522022-11-012023-12-31 SC645552business:AuditExemptWithAccountantsReport2022-11-012023-12-31 SC645552business:FilletedAccounts2022-11-012023-12-31 SC6455522023-12-31 SC645552business:Director12022-11-012023-12-31 SC645552business:RegisteredOffice2022-11-012023-12-31 SC6455522022-10-31 SC645552core:WithinOneYear2023-12-31 SC645552core:WithinOneYear2022-10-31 SC645552core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC645552core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 SC645552core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC645552core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 SC645552core:PreviouslyStatedAmount2023-12-31 SC645552core:PreviouslyStatedAmount2022-10-31 SC645552business:SmallEntities2022-11-012023-12-31 SC645552countries:Scotland2022-11-012023-12-31 SC645552business:Director112022-11-012023-12-31 SC645552business:Director112022-10-31 SC645552business:Director112023-12-31 SC6455522021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. SC645552 (Scotland)
PSG ( INV ) LTD Unaudited accounts for the period from 1 November 2022 to 31 December 2023
PSG ( INV ) LTD Unaudited accounts Contents
Page
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PSG ( INV ) LTD Company Information for the period from 1 November 2022 to 31 December 2023
Director
Mr Stephen Clark
Company Number
SC645552 (Scotland)
Registered Office
Unit 21 Service Base Shore Road Invergordon Ross-shire IV18 0EX Scotland
Accountants
Leitch Accountancy Services Limited 3 Beech Avenue Inverness Highland IV2 4NN
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PSG ( INV ) LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Debtors
59,443 
- 
Cash at bank and in hand
165,618 
100 
225,061 
100 
Creditors: amounts falling due within one year
(64,264)
- 
Net current assets
160,797 
100 
Net assets
160,797 
100 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
160,697 
- 
Shareholders' funds
160,797 
100 
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 April 2024 and were signed on its behalf by
Mr Stephen Clark Director Company Registration No. SC645552
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PSG ( INV ) LTD Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
1
Statutory information
PSG ( INV ) LTD is a private company, limited by shares, registered in Scotland, registration number SC645552. The registered office is Unit 21, Service Base, Shore Road, Invergordon, Ross-shire, IV18 0EX, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
21,114 
- 
Other debtors
38,329 
- 
59,443 
- 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
13,836 
- 
Taxes and social security
47,032 
- 
Accruals
3,396 
- 
64,264 
- 
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PSG ( INV ) LTD Notes to the Accounts for the period from 1 November 2022 to 31 December 2023
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Stephen Clark
Loan to Director
- 
21,353 
8,024 
13,329 
- 
21,353 
8,024 
13,329 
The balance owed by the director at the year end is unsecured, interest free and was repaid in full after the financial year end.
7
Transactions with related parties
During the year the company loaned £25,000 to PSG Marine & Logistics, a company in which the director has an interest in. The loan is unsecured, interest free and was repaid in full after the year end.
8
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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