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REGISTERED NUMBER: 05486219 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 30 June 2024

for

PS Lighting Solutions Ltd

PS Lighting Solutions Ltd (Registered number: 05486219)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PS Lighting Solutions Ltd

Company Information
for the Year Ended 30 June 2024







Directors: S Samuel
P Samuel





Secretary: Mrs C M Samuel





Registered office: Units 10 & 11
Ffaldau Industrial Estate
Blaengarw
Bridgend
CF32 8NQ





Registered number: 05486219 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
9 Court Road
Bridgend
CF31 1BE

PS Lighting Solutions Ltd (Registered number: 05486219)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 13,272 17,696

Current assets
Stocks 10,000 10,000
Debtors 5 125,197 210,571
Cash at bank and in hand 71,832 36,663
207,029 257,234
Creditors
Amounts falling due within one year 6 142,004 170,229
Net current assets 65,025 87,005
Total assets less current liabilities 78,297 104,701

Capital and reserves
Called up share capital 102 102
Retained earnings 78,195 104,599
Shareholders' funds 78,297 104,701

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 8 January 2025 and were signed on its behalf by:



P Samuel - Director



S Samuel - Director


PS Lighting Solutions Ltd (Registered number: 05486219)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

PS Lighting Solutions Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 6 (2023 - 7 ) .

PS Lighting Solutions Ltd (Registered number: 05486219)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2023
and 30 June 2024 119,368
Depreciation
At 1 July 2023 101,672
Charge for year 4,424
At 30 June 2024 106,096
Net book value
At 30 June 2024 13,272
At 30 June 2023 17,696

5. Debtors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade debtors 80,740 141,542
Other debtors 44,457 69,029
125,197 210,571

6. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade creditors 96,692 122,895
Taxation and social security 24,566 22,877
Other creditors 20,746 24,457
142,004 170,229