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REGISTERED NUMBER: 06683561 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

The Pension Solutions Group Ltd

The Pension Solutions Group Ltd (Registered number: 06683561)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Pension Solutions Group Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs N S Pike
D Parsons





REGISTERED OFFICE: Unit F1 Avonside Enterprise Park
New Broughton Road
Melksham
Wiltshire
SN12 8BT





REGISTERED NUMBER: 06683561 (England and Wales)





ACCOUNTANTS: Rawlence and Browne UDY Limited
T/A Potter and Pollard
Unit 17 Lancaster Road
Sarum Business Park
Old Sarum
Salisbury
Wiltshire
SP4 6FB

The Pension Solutions Group Ltd (Registered number: 06683561)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,440 20,681

CURRENT ASSETS
Debtors 5 154,246 227,896
Investments 6 5 5
Cash at bank and in hand 87,648 38,014
241,899 265,915
CREDITORS
Amounts falling due within one year 7 109,397 101,399
NET CURRENT ASSETS 132,502 164,516
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,942

185,197

CREDITORS
Amounts falling due after more than one
year

8

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (3,860 ) (5,170 )
NET ASSETS 129,082 155,027

CAPITAL AND RESERVES
Called up share capital 9 894 1,341
Capital redemption reserve 10 447 -
Retained earnings 10 127,741 153,686
SHAREHOLDERS' FUNDS 129,082 155,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 Pension Solutions Group Ltd (Registered number: 06683561)

Balance Sheet - continued
31 August 2024


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 September 2024 and were signed on its behalf by:




Mrs N S Pike - Director



D Parsons - Director


The Pension Solutions Group Ltd (Registered number: 06683561)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

The Pension Solutions Group Ltd 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.
Plant and machinery etc - 33% on cost and 20% on cost

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 19 (2023 - 21 ) .

The Pension Solutions Group Ltd (Registered number: 06683561)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 57,072
Additions 2,428
At 31 August 2024 59,500
DEPRECIATION
At 1 September 2023 36,391
Charge for year 7,669
At 31 August 2024 44,060
NET BOOK VALUE
At 31 August 2024 15,440
At 31 August 2023 20,681

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 152,246 223,954
Other debtors 2,000 3,942
154,246 227,896

6. CURRENT ASSET INVESTMENTS
31.8.24 31.8.23
£    £   
Shares in group undertakings 5 5

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 2,148 2,822
Taxation and social security 93,032 84,617
Other creditors 4,217 3,960
109,397 101,399

The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases included in bank loans and overdrafts are secured on the assets concerned.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Other creditors 15,000 25,000

The Pension Solutions Group Ltd (Registered number: 06683561)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
447 Ordinary A £1 447 671
179 Ordinary B £1 179 268
NIL Ordinary C £1 - 134
134 Ordinary D £1 134 134
134 Ordinary E £1 134 134
894 1,341

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 September 2023 153,686 - 153,686
Profit for the year 162,835 162,835
Dividends (138,780 ) (138,780 )
Purchase of own shares (50,000 ) 447 (49,553 )
At 31 August 2024 127,741 447 128,188

11. RELATED PARTY DISCLOSURES

The Pension Solutions Group Limited is exempt from preparing group accounts, as it is a parent of a small group.

The Pension Solutions Group Limited is the parent company of the following four subsidiaries
- The PSG Trust Company Limited
- PSG SSAS Trustees Limited
- PSG SIPP Trustees Limited
- PSG Investment Trustees Limited