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
PSG ( INV ) LTD
Company Information
for the period from 1 November 2022 to 31 December 2023
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
PSG ( INV ) LTD
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
165,618
100
Creditors: amounts falling due within one year
(64,264)
-
Net current assets
160,797
100
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
PSG ( INV ) LTD
Notes to the Accounts
for the period from 1 November 2022 to 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
47,032
-
PSG ( INV ) LTD
Notes to the Accounts
for the period from 1 November 2022 to 31 December 2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
-
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).