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REGISTERED NUMBER: 03214252 (England and Wales)












Psycom Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Psycom Limited (Registered number: 03214252)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Psycom Limited

Company Information
for the Year Ended 31 March 2024







Director: K W Fallon





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 03214252 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Psycom Limited (Registered number: 03214252)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,506 5,200
Investments 5 45,175 21,860
50,681 27,060

Current assets
Debtors 6 133,831 82,865
Cash at bank 1,033,701 653,338
1,167,532 736,203
Creditors
Amounts falling due within one year 7 374,937 60,968
Net current assets 792,595 675,235
Total assets less current liabilities 843,276 702,295

Capital and reserves
Called up share capital 100 100
Retained earnings 843,176 702,195
Shareholders' funds 843,276 702,295

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Psycom Limited (Registered number: 03214252)

Balance Sheet - continued
31 March 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 director and authorised for issue on 26 November 2024 and were signed by:





K W Fallon - Director


Psycom Limited (Registered number: 03214252)

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

1. Statutory information

Psycom Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

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 - 25% on reducing balance

Fixed asset investments
Fixed asset investments are stated at fair value. Changes in fair value are recognised in profit or loss.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 3 ) .

Psycom Limited (Registered number: 03214252)

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

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2023 22,227
Additions 2,400
Disposals (992 )
At 31 March 2024 23,635
Depreciation
At 1 April 2023 17,027
Charge for year 1,835
Eliminated on disposal (733 )
At 31 March 2024 18,129
Net book value
At 31 March 2024 5,506
At 31 March 2023 5,200

5. Fixed asset investments
Listed
investment
£   
Cost or valuation
At 1 April 2023 21,860
Additions 35,724
Valuation changes (12,409 )
At 31 March 2024 45,175
Net book value
At 31 March 2024 45,175
At 31 March 2023 21,860


6. Debtors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Trade debtors 31,200 31,200
Other debtors 102,631 51,665
133,831 82,865

Psycom Limited (Registered number: 03214252)

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

7. Creditors: amounts falling due within one year
31.3.24 31.3.23
£    £   
Taxation and social security 77,017 56,963
Other creditors 297,920 4,005
374,937 60,968

8. Related party disclosures

During the year Quantum Circle Limited, a company of which the director K Fallon, is a 100% shareholder made a loan to Psycom Limited.. The balance at 31 March 2024 was £293,298.