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Company Registration No. 10649344 (England and Wales)
Psl Wealth Management Limited Unaudited accounts for the year ended 29 February 2024
Psl Wealth Management Limited Unaudited accounts Contents
Page
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Psl Wealth Management Limited Company Information for the year ended 29 February 2024
Director
P Lall
Company Number
10649344 (England and Wales)
Registered Office
6 Cheltenham Place Harrow Middlesex HA3 9ND England
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Psl Wealth Management Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,165 
4,221 
Current assets
Debtors
4,734 
- 
Cash at bank and in hand
20,149 
31,947 
24,883 
31,947 
Creditors: amounts falling due within one year
(4,882)
(15,166)
Net current assets
20,001 
16,781 
Net assets
23,166 
21,002 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
23,164 
21,000 
Shareholders' funds
23,166 
21,002 
For the year ending 29 February 2024 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 12 January 2025 and were signed on its behalf by
P Lall Director Company Registration No. 10649344
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Psl Wealth Management Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Psl Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 10649344. The registered office is 6 Cheltenham Place, Harrow, Middlesex, HA3 9ND, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
25%
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
13,219 
At 29 February 2024
13,219 
Depreciation
At 1 March 2023
8,998 
Charge for the year
1,056 
At 29 February 2024
10,054 
Net book value
At 29 February 2024
3,165 
At 28 February 2023
4,221 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,734 
- 
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Psl Wealth Management Limited Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,225 
1,176 
Other creditors
168 
- 
Loans from directors
1,516 
12,042 
Accruals
1,973 
1,948 
4,882 
15,166 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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