Company Registration No. 08397051 (England and Wales)
Psa Electrical Services Ltd
Unaudited accounts
for the year ended 29 February 2024
Psa Electrical Services Ltd
Unaudited accounts
Contents
Psa Electrical Services Ltd
Company Information
for the year ended 29 February 2024
Company Number
08397051 (England and Wales)
Psa Electrical Services Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
165,000
-
Tangible assets
15,097
9,877
Cash at bank and in hand
39,622
153,200
Creditors: amounts falling due within one year
(86,174)
(68,704)
Net current assets
71,948
217,702
Total assets less current liabilities
252,045
227,579
Creditors: amounts falling due after more than one year
10,110
10,110
Net assets
262,155
237,689
Profit and loss account
262,155
237,689
Shareholders' funds
262,155
237,689
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 30 January 2025 and were signed on its behalf by
Slavcho Tsvetkov
Director
Company Registration No. 08397051
Psa Electrical Services Ltd
Notes to the Accounts
for the year ended 29 February 2024
Psa Electrical Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 08397051.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 29 February 2024
165,000
At 29 February 2024
165,000
Psa Electrical Services Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
-
5,327
21,237
6,941
33,505
Additions
3,892
-
-
5,841
9,733
At 29 February 2024
3,892
5,327
21,237
12,782
43,238
At 1 March 2023
-
2,465
17,410
3,753
23,628
Charge for the year
583
715
957
2,258
4,513
At 29 February 2024
583
3,180
18,367
6,011
28,141
At 29 February 2024
3,309
2,147
2,870
6,771
15,097
At 28 February 2023
-
2,862
3,827
3,188
9,877
Amounts falling due after more than one year
Amounts due from group undertakings etc.
118,500
118,500
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
7,204
10,110
Taxes and social security
-
403
Loans from directors
71,935
50,416
8
Creditors: amounts falling due after more than one year
2024
2023
Trade creditors
(10,110)
(10,110)
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).