PSM FLOORING LIMITED

Company Registration Number:
11716641 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

PSM FLOORING LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PSM FLOORING LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 47,750 39,400
Cost of sales: ( 38,885 ) ( 30,080 )
Gross profit(or loss): 8,865 9,320
Distribution costs: ( 1,900 ) ( 2,220 )
Administrative expenses: ( 6,080 ) ( 6,000 )
Operating profit(or loss): 885 1,100
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 885 1,100
Tax: ( 168 ) ( 209 )
Profit(or loss) for the financial year: 717 891

PSM FLOORING LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 5,500 0
Investments:   0 0
Total fixed assets: 5,500 0
Current assets
Stocks:   0 0
Debtors: 4 1,710 1,008
Cash at bank and in hand: 1,290 2,009
Investments:   0 0
Total current assets: 3,000 3,017
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 800 ) ( 502 )
Net current assets (liabilities): 2,200 2,515
Total assets less current liabilities: 7,700 2,515
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 7,700 2,515
Capital and reserves
Called up share capital: 6,900 2,000
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 800 515
Total Shareholders' funds: 7,700 2,515

The notes form part of these financial statements

PSM FLOORING LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 20 December 2024
and signed on behalf of the board by:

Name: Panganai S Mutizha
Status: Director

The notes form part of these financial statements

PSM FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PSM FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

PSM FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 0 0 0 0 0 0
Additions 0 5,000 500 0 5,500
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 31 December 2023 0 5,000 0 500 0 5,500
Depreciation
At 1 January 2023 0 0 0 0 0 0
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0 0
Other adjustments 0 0 0 0 0 0
At 31 December 2023 0 0 0 0 0 0
Net book value
At 31 December 2023 0 5,000 0 500 0 5,500
At 31 December 2022 0 0 0 0 0 0

PSM FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 1,710 1,008
Prepayments and accrued income 0 0
Other debtors 0 0
Total 1,710 1,008
Debtors due after more than one year: 0 0

PSM FLOORING LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 678 502
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 122 0
Total 800 502