IRIS Accounts Production v24.3.0.553 10760058 director 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107600582023-05-31107600582024-05-31107600582023-06-012024-05-31107600582022-05-31107600582022-06-012023-05-31107600582023-05-3110760058ns15:EnglandWales2023-06-012024-05-3110760058ns14:PoundSterling2023-06-012024-05-3110760058ns10:Director12023-06-012024-05-3110760058ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110760058ns10:SmallEntities2023-06-012024-05-3110760058ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110760058ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110760058ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110760058ns10:FullAccounts2023-06-012024-05-3110760058ns10:RegisteredOffice2023-06-012024-05-3110760058ns5:CurrentFinancialInstruments2024-05-3110760058ns5:CurrentFinancialInstruments2023-05-3110760058ns5:ShareCapital2024-05-3110760058ns5:ShareCapital2023-05-3110760058ns5:RetainedEarningsAccumulatedLosses2024-05-3110760058ns5:RetainedEarningsAccumulatedLosses2023-05-3110760058ns5:ComputerEquipment2023-06-012024-05-3110760058ns5:ComputerEquipment2023-05-3110760058ns5:ComputerEquipment2024-05-3110760058ns5:ComputerEquipment2023-05-3110760058ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3110760058ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 10760058 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

PSLEARNING LTD

PSLEARNING LTD (Registered number: 10760058)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


PSLEARNING LTD

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P A Satchell





REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS





REGISTERED NUMBER: 10760058 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

PSLEARNING LTD (Registered number: 10760058)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 266 374

CURRENT ASSETS
Debtors 5 479 854
Cash at bank 1,001 1,045
1,480 1,899
CREDITORS
Amounts falling due within one year 6 3,254 1,079
NET CURRENT (LIABILITIES)/ASSETS (1,774 ) 820
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,508

)

1,194

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (1,509 ) 1,193
SHAREHOLDERS' FUNDS (1,508 ) 1,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 3 October 2024 and were signed by:





P A Satchell - Director


PSLEARNING LTD (Registered number: 10760058)

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


1. STATUTORY INFORMATION

PSLEARNING 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.
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current 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 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 statement of financial position date.

Going concern
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed assets. The director has given an undertaking to support the company until it returns to a net assets position. He considers that it is appropriate to prepare the accounts on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PSLEARNING LTD (Registered number: 10760058)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 June 2023 1,978
Additions 119
Disposals (101 )
At 31 May 2024 1,996
Depreciation
At 1 June 2023 1,604
Charge for year 227
Eliminated on disposal (101 )
At 31 May 2024 1,730
Net book value
At 31 May 2024 266
At 31 May 2023 374

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other debtors 479 854

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Other creditors 3,254 1,079

7. RELATED PARTY DISCLOSURES

At 31 May 2024, the company owed the director, P A Satchell, £2,773 (2023 - £598) The balance owed, included within other creditors, is made of business expenses not yet reimbursed and declared dividends directly credited to the director's loan account. The loan balance is interest free and repayable to the director on demand.

8. GOING CONCERN

There was a net deficiency of assets of £1,508 at the balance sheet date, however the director has confirmed continued support and considers the company retains sufficient working capital to continue trading for the foreseeable future.