Company Registration No. 12360656 (England and Wales)
PSU TRADING LIMITED
Unaudited accounts
for the year ended 31 December 2023
PSU TRADING LIMITED
Unaudited accounts
Contents
PSU TRADING LIMITED
Company Information
for the year ended 31 December 2023
Director
Uthayasekaran Pasupathy
Company Number
12360656 (England and Wales)
Registered Office
131 Casterbridge Road
London
SE3 9AD
United Kingdom
PSU TRADING LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
2,325
4,650
Cash at bank and in hand
190
(243)
Creditors: amounts falling due within one year
(43,665)
(23,118)
Net current liabilities
(29,475)
(8,561)
Total assets less current liabilities
(27,150)
(3,911)
Creditors: amounts falling due after more than one year
(25,881)
(28,745)
Net liabilities
(53,031)
(32,656)
Called up share capital
1
1
Profit and loss account
(53,032)
(32,657)
Shareholders' funds
(53,031)
(32,656)
For the year ending 31 December 2023 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 26 December 2024 and were signed on its behalf by
Uthayasekaran Pasupathy
Director
Company Registration No. 12360656
PSU TRADING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
PSU TRADING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12360656. The registered office is 131 Casterbridge Road, London, SE3 9AD, United Kingdom.
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% Straight line basis
Motor vehicles
25% Straight line basis
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
2,700
6,600
9,300
At 31 December 2023
2,700
6,600
9,300
At 1 January 2023
1,350
3,300
4,650
Charge for the year
675
1,650
2,325
At 31 December 2023
2,025
4,950
6,975
At 31 December 2023
675
1,650
2,325
At 31 December 2022
1,350
3,300
4,650
PSU TRADING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,258
4,588
Taxes and social security
146
375
Loans from directors
37,524
17,694
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).