PSP FAMILY LTD

Company Registration Number:
11122588 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

PSP FAMILY LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

PSP FAMILY LTD

Company Information

for the Period Ended 31 December 2023




Director: Petar Valentinov Valchev
Registered office: 24
Perrys Lea
Bradley Stoke
Bristol
England
BS32 0EE
Company Registration Number: 11122588 (England and Wales)

PSP FAMILY LTD

Directors' Report Period Ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal Activities

The company's principal activity during the period was delivery services.

Directors

The directors shown below have held office during the whole of the period from 01 January 2023 to 31 December 2023
Petar Valentinov Valchev

This report was approved by the board of directors on 1 August 2024
And Signed On Behalf Of The Board By:

Name: Petar Valentinov Valchev
Status: Director

PSP FAMILY LTD

Profit and Loss Account

for the Period Ended 31 December 2023


Notes

2023
£

2022
£
Turnover 58,444 54,811
Cost of sales ( 15,000 ) -
Gross Profit or (Loss) 43,444 54,811
Administrative Expenses ( 39,319 ) ( 52,258 )
Operating Profit or (Loss) 4,125 2,553
Profit or (Loss) Before Tax 4,125 2,553
Tax on Profit ( 784 ) ( 485 )
Profit or (Loss) for Period 3,341 2,068

The notes form part of these financial statements

PSP FAMILY LTD

Balance sheet

As at 31 December 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 22,194 7,997
Total fixed assets: 22,194 7,997
Current assets
Cash at bank and in hand: 41,689 48,349
Total current assets: 41,689 48,349
Creditors: amounts falling due within one year: 6 ( 23,091 ) ( 8,896 )
Net current assets (liabilities): 18,598 39,453
Total assets less current liabilities: 40,792 47,450
Creditors: amounts falling due after more than one year: 7 ( 31,523 ) ( 41,523 )
Total net assets (liabilities): 9,269 5,927

The notes form part of these financial statements

PSP FAMILY LTD

Balance sheet continued

As at 31 December 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 9,169 5,827
Shareholders funds: 9,269 5,927

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 1 August 2024
And Signed On Behalf Of The Board By:

Name: Petar Valentinov Valchev
Status: Director

The notes form part of these financial statements

PSP FAMILY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PSP FAMILY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

PSP FAMILY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 3. Off balance sheet disclosure

    No

PSP FAMILY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Dividends


2023
£

2022
£
Dividends paid 1,000 2,570

PSP FAMILY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Tangible assets

Plant & machinery Total
Cost £ £
At 01 January 2023 7,997 7,997
Additions 19,069 19,069
Disposals - -
Revaluations - -
Transfers - -
At 31 December 2023 27,066 27,066
Depreciation
At 01 January 2023 - -
Charge for year 4,872 4,872
On disposals - -
Other adjustments - -
At 31 December 2023 4,872 4,872
Net book value
At 31 December 2023 22,194 22,194
At 31 December 2022 7,997 7,997

PSP FAMILY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 783 6,108
Taxation and social security 22,308 2,788
Total 23,091 8,896

PSP FAMILY LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 31,523 41,523
Total 31,523 41,523