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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
Page
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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
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PSA STUDIO LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,390 
4,271 
Investment property
- 
86,803 
5,390 
91,074 
Current assets
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 
Capital and reserves
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
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PSA STUDIO LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 April 2023
7,086 
Additions
2,466 
At 31 March 2024
9,552 
Depreciation
At 1 April 2023
2,815 
Charge for the year
1,347 
At 31 March 2024
4,162 
Net book value
At 31 March 2024
5,390 
At 31 March 2023
4,271 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
86,803 
Disposals
(86,803)
At 31 March 2024
- 
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PSA STUDIO LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,250 
261 
Taxes and social security
4,165 
2,272 
Proposed dividends
6,000 
4,000 
Other creditors
165 
104 
Loans from directors
6,250 
5,198 
18,830 
11,835 
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).
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