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REGISTERED NUMBER: 11279415 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

PSWH Limited

PSWH Limited (Registered number: 11279415)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSWH Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs S J Holland
P A Papworth-Smith
I Willoughby
R C Bloomer





REGISTERED OFFICE: 29 Devizes Road
Swindon
SN1 4BG





REGISTERED NUMBER: 11279415 (England and Wales)





ACCOUNTANTS: PPS Chartered Accountants
29 Devizes Road
Swindon
Wiltshire
SN1 4BG

PSWH Limited (Registered number: 11279415)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 163,350 10,050
Tangible assets 5 1,005 260
164,355 10,310

CURRENT ASSETS
Stocks 104,000 80,000
Debtors 6 300,609 226,276
Cash at bank and in hand 218,307 273,484
622,916 579,760
CREDITORS
Amounts falling due within one year 7 252,319 273,487
NET CURRENT ASSETS 370,597 306,273
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,952

316,583

CREDITORS
Amounts falling due after more than one
year

8

12,231

22,435
NET ASSETS 522,721 294,148

CAPITAL AND RESERVES
Called up share capital 637 503
Share premium 200,000 -
Retained earnings 322,084 293,645
SHAREHOLDERS' FUNDS 522,721 294,148

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

PSWH Limited (Registered number: 11279415)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





I Willoughby - Director


PSWH Limited (Registered number: 11279415)

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

1. STATUTORY INFORMATION

PSWH 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.

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

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2019 and 2023, is being amortised evenly over its estimated useful life of 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value. Cost includes direct costs plus attributable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

PSWH Limited (Registered number: 11279415)

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

2. ACCOUNTING POLICIES - continued

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 19 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 May 2023 33,500
Additions 200,000
At 30 April 2024 233,500
AMORTISATION
At 1 May 2023 23,450
Charge for year 46,700
At 30 April 2024 70,150
NET BOOK VALUE
At 30 April 2024 163,350
At 30 April 2023 10,050

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 May 2023 4,291
Additions 1,507
At 30 April 2024 5,798
DEPRECIATION
At 1 May 2023 4,031
Charge for year 762
At 30 April 2024 4,793
NET BOOK VALUE
At 30 April 2024 1,005
At 30 April 2023 260

PSWH Limited (Registered number: 11279415)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Trade debtors 266,339 196,508
Other debtors 34,270 29,768
300,609 226,276

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£ £
Bank loans and overdrafts 10,204 9,952
Trade creditors 14,092 22,477
Taxation and social security 169,320 138,182
Other creditors 58,703 102,876
252,319 273,487

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£ £
Bank loans 12,231 22,435

9. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.