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REGISTERED NUMBER: 06584377 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

PSDC Limited

PSDC Limited (Registered number: 06584377)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

PSDC Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: S Cornford
P S Darby





SECRETARY: S Cornford





REGISTERED OFFICE: First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU





BUSINESS ADDRESS: The Barn
Hermitage Lane
Boughton Monchelsea
Maidstone
Kent
ME17 4DA





REGISTERED NUMBER: 06584377 (England and Wales)





ACCOUNTANTS: Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU

PSDC Limited (Registered number: 06584377)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,231 8,650

CURRENT ASSETS
Stocks 11,725 65,940
Debtors 5 546,829 750,750
Cash at bank 74,884 97,409
633,438 914,099
CREDITORS
Amounts falling due within one year 6 607,539 841,397
NET CURRENT ASSETS 25,899 72,702
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,130

81,352

CREDITORS
Amounts falling due after more than one
year

7

(15,643

)

(25,723

)

PROVISIONS FOR LIABILITIES (614 ) (1,644 )
NET ASSETS 12,873 53,985

CAPITAL & RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 11,873 52,985
SHAREHOLDERS' FUNDS 12,873 53,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 August 2024 and were signed on its behalf by:



S Cornford - Director


PSDC Limited (Registered number: 06584377)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

PSDC 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture & equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 13 ) .

PSDC Limited (Registered number: 06584377)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Furniture
& equipment
£   
COST
At 1 December 2022
and 30 November 2023 51,407
DEPRECIATION
At 1 December 2022 42,757
Charge for year 5,419
At 30 November 2023 48,176
NET BOOK VALUE
At 30 November 2023 3,231
At 30 November 2022 8,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 460,314 692,072
Other debtors 27,625 8,625
Directors' current accounts 58,890 50,053
546,829 750,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans & overdrafts 10,142 9,893
Trade creditors 240,506 527,979
Tax 98,610 86,266
Social security & other taxes 227,605 188,505
Other creditors 19,426 10,004
Accrued expenses 11,250 18,750
607,539 841,397

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,398 10,143
Bank loans - 2-5 years 5,245 15,580
15,643 25,723

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

PSDC Limited (Registered number: 06584377)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

2023 2022
£    £   
S Cornford
Balance outstanding at start of year 25,269 -
Amounts advanced 55,207 166,712
Amounts repaid (51,577 ) (141,443 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,899 25,269

P S Darby
Balance outstanding at start of year 24,784 -
Amounts advanced 61,634 170,950
Amounts repaid (56,427 ) (146,166 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,991 24,784

Interest has been charged on the overdrawn amounts.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
PSDC Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of PSDC Limited for the year ended 30 November 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of PSDC Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of PSDC Limited and state those matters that we have agreed to state to the Board of Directors of PSDC Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PSDC Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that PSDC Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PSDC Limited. You consider that PSDC Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of PSDC Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Deeks Evans Audit Services Limited
Chartered Accountants
First Floor, West Barn
North Frith Farm, Ashes Lane
Hadlow
Tonbridge
Kent
TN11 9QU


30 August 2024