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REGISTERED NUMBER: 11503219 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

PSA COMPLIANCE LIMITED

PSA COMPLIANCE LIMITED (REGISTERED NUMBER: 11503219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PSA COMPLIANCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: J D Dobson
S B Pettit





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 11503219 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

PSA COMPLIANCE LIMITED (REGISTERED NUMBER: 11503219)

BALANCE SHEET
31 AUGUST 2023

31/8/23 31/8/22
Notes £    £   
CURRENT ASSETS
Debtors 4 582,432 533,248
Cash at bank 5,020 4,021
587,452 537,269
CREDITORS
Amounts falling due within one year 5 184,345 174,629
NET CURRENT ASSETS 403,107 362,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

403,107

362,640

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 403,007 362,540
SHAREHOLDERS' FUNDS 403,107 362,640

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:




S B Pettit - Director



J D Dobson - Director


PSA COMPLIANCE LIMITED (REGISTERED NUMBER: 11503219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

PSA Compliance Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors will continue to financially support the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

PSA COMPLIANCE LIMITED (REGISTERED NUMBER: 11503219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 160,230 185,402
Amounts recoverable on contract 62,809 79,655
Amounts due from related parties 351,193 261,867
Directors' current accounts - 100
Deferred tax asset 8,125 6,175
Prepayments 75 49
582,432 533,248

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 91,244 42,834
Tax 9,948 36,353
VAT 13,153 25,442
Amounts owed to related parties 30,000 30,000
Accruals and deferred income 40,000 40,000
184,345 174,629

6. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 September 2022 362,540
Profit for the year 40,467
At 31 August 2023 403,007

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 August 2023, the directors, Mr J Dobson and Mr S Pettit each owe the company £0 (2022 : £50 each).

9. RELATED PARTY DISCLOSURES

Pettit Singleton Associates Limited is a company under the control of the Directors. Other debtors includes £351,193 due to Pettit Singleton Associates Limited (2022: £261,867).

Pettit Singleton Associates (Cumbria) Limited is also under the control of the Directors. Other creditors includes £30,000 due to Pettit Singleton Associates (Cumbria) Limited (2022:£30,000).

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the Directors.