Company Registration No. 06972666 (England and Wales)
PSD Roofing Limited
Unaudited accounts
for the year ended 31 March 2024
PSD Roofing Limited
Unaudited accounts
Contents
PSD Roofing Limited
Company Information
for the year ended 31 March 2024
Director
Mr Peter S Davies
Company Number
06972666 (England and Wales)
Registered Office
380A New Hythe Lane
Aylesford
Kent
ME20 6RZ
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
PSD Roofing Limited
Statement of financial position
as at 31 March 2024
Tangible assets
12,968
16,591
Cash at bank and in hand
196,239
92,313
Creditors: amounts falling due within one year
(61,673)
(30,197)
Net current assets
218,820
118,907
Total assets less current liabilities
231,788
135,498
Provisions for liabilities
Deferred tax
(2,464)
(3,151)
Net assets
229,324
132,347
Called up share capital
2
2
Profit and loss account
229,322
132,345
Shareholders' funds
229,324
132,347
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 director acknowledges his 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 and authorised for issue on 12 November 2024 and were signed on its behalf by
Mr Peter S Davies
Director
Company Registration No. 06972666
PSD Roofing Limited
Notes to the Accounts
for the year ended 31 March 2024
PSD Roofing Limited is a private company, limited by shares, registered in England and Wales, registration number 06972666. The registered office is 380A New Hythe Lane, Aylesford, Kent, ME20 6RZ.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
PSD Roofing Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
5,953
22,259
1,529
29,741
At 31 March 2024
6,653
22,259
1,529
30,441
At 1 April 2023
4,757
7,204
1,189
13,150
Charge for the year
474
3,764
85
4,323
At 31 March 2024
5,231
10,968
1,274
17,473
At 31 March 2024
1,422
11,291
255
12,968
At 31 March 2023
1,196
15,055
340
16,591
Amounts falling due within one year
Trade debtors
25,851
10,662
Accrued income and prepayments
1,381
1,381
Other debtors
56,627
43,075
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
58,203
23,855
Other creditors
1,426
2,574
Loans from directors
144
75
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).