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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
Page
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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
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PSD Roofing Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,968 
16,591 
Current assets
Debtors
84,254 
56,791 
Cash at bank and in hand
196,239 
92,313 
280,493 
149,104 
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 
Capital and reserves
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
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PSD Roofing Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Computer equipment
25% Reducing Balance
Government grants
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 taxation
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.
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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 
Additions
700 
- 
- 
700 
At 31 March 2024
6,653 
22,259 
1,529 
30,441 
Depreciation
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 
Net book value
At 31 March 2024
1,422 
11,291 
255 
12,968 
At 31 March 2023
1,196 
15,055 
340 
16,591 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
395 
1,673 
Trade debtors
25,851 
10,662 
Accrued income and prepayments
1,381 
1,381 
Other debtors
56,627 
43,075 
84,254 
56,791 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
1,793 
Taxes and social security
58,203 
23,855 
Other creditors
1,426 
2,574 
Loans from directors
144 
75 
Accruals
1,900 
1,900 
61,673 
30,197 
7
Share capital
2024 
2023 
£ 
£ 
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).
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