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REGISTERED NUMBER: 05448624 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

P S D ICE ART LIMITED

P S D ICE ART LIMITED (Registered number: 05448624)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P S D ICE ART LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTORS: P Salazar-Diaz
Mrs N Salazar





SECRETARY: Mrs N Salazar





REGISTERED OFFICE: 17a Hobbs Industrial Estate
Newchapel
Lingfield
Surrey
RH7 6HN





REGISTERED NUMBER: 05448624 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

P S D ICE ART LIMITED (Registered number: 05448624)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,580 35,126

CURRENT ASSETS
Debtors 5 24,019 23,952
Cash at bank 33,880 76,802
57,899 100,754
CREDITORS
Amounts falling due within one year 6 33,795 53,246
NET CURRENT ASSETS 24,104 47,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,684

82,634

CREDITORS
Amounts falling due after more than one
year

7

68,406

79,673
NET ASSETS 278 2,961

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 274 2,957
SHAREHOLDERS' FUNDS 278 2,961

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

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

P S D ICE ART LIMITED (Registered number: 05448624)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





Mrs N Salazar - Director


P S D ICE ART LIMITED (Registered number: 05448624)

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

1. STATUTORY INFORMATION

P S D ICE ART 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.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

P S D ICE ART LIMITED (Registered number: 05448624)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2023 102,405 19,067 44,395 165,867
Additions - - 17,700 17,700
At 30 November 2024 102,405 19,067 62,095 183,567
DEPRECIATION
At 1 December 2023 91,682 13,713 25,346 130,741
Charge for year 2,681 803 4,762 8,246
At 30 November 2024 94,363 14,516 30,108 138,987
NET BOOK VALUE
At 30 November 2024 8,042 4,551 31,987 44,580
At 30 November 2023 10,723 5,354 19,049 35,126

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 11,419 6,352
Other Debtors 12,600 17,600
24,019 23,952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other loans 16,269 22,887
Hire purchase contracts 4,632 4,632
Trade creditors 5,577 9,117
Tax - 5,838
Paye & NI liability 1,093 861
VAT 4,600 7,167
Accruals 1,225 2,433
Directors' current accounts 399 311
33,795 53,246

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 6,618 -
Bank loans - 2-5 years 28,679 -
Other loans - 2-5 years 25,372 67,691
Hire purchase contracts 7,737 11,982
68,406 79,673