Company Registration No. 08390950 (England and Wales)
PSA STUDIO LTD
Unaudited accounts
for the year ended 31 March 2024
PSA STUDIO LTD
Unaudited accounts
Contents
PSA STUDIO LTD
Company Information
for the year ended 31 March 2024
Directors
Alexander Schramm
Xin Yu
Company Number
08390950 (England and Wales)
Registered Office
13-17 High Beech Road
Loughton
IG10 4BN
United Kingdom
Accountants
Multiplus Tax Solutions Ltd
Suite 1 Chantal House
13-17 High Beech Road
Loughton
Essex
IG10 4BN
PSA STUDIO LTD
Statement of financial position
as at 31 March 2024
Tangible assets
5,390
4,271
Investment property
-
86,803
Cash at bank and in hand
235,751
145,075
Creditors: amounts falling due within one year
(18,830)
(11,835)
Net current assets
216,921
133,240
Total assets less current liabilities
222,311
224,314
Creditors: amounts falling due after more than one year
(88,548)
(103,334)
Net assets
133,763
120,980
Called up share capital
100
100
Profit and loss account
133,663
120,880
Shareholders' funds
133,763
120,980
For the year ending 31 March 2024 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 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 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 of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by
Xin Yu
Director
Company Registration No. 08390950
PSA STUDIO LTD
Notes to the Accounts
for the year ended 31 March 2024
PSA STUDIO LTD is a private company, limited by shares, registered in England and Wales, registration number 08390950. The registered office is 13-17 High Beech Road, Loughton, IG10 4BN, United Kingdom.
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 year, 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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20 % reducing balance method
4
Tangible fixed assets
Computer equipment
Fair value at 1 April 2023
86,803
PSA STUDIO LTD
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,165
2,272
Proposed dividends
6,000
4,000
Loans from directors
6,250
5,198
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
88,548
103,334
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).