1 March 2023 false No description of principal activity Taxfiler 2024.6 08397051business:PrivateLimitedCompanyLtd2023-03-012024-02-29 083970512023-02-28 083970512023-03-012024-02-29 08397051business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 08397051business:FilletedAccounts2023-03-012024-02-29 083970512024-02-29 08397051business:Director12023-03-012024-02-29 083970512023-02-28 08397051core:WithinOneYear2024-02-29 08397051core:WithinOneYear2023-02-28 08397051core:AfterOneYear2024-02-29 08397051core:AfterOneYear2023-02-28 08397051core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 08397051core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 08397051core:PreviouslyStatedAmount2024-02-29 08397051core:PreviouslyStatedAmount2023-02-28 08397051business:SmallEntities2023-03-012024-02-29 08397051countries:EnglandWales2023-03-012024-02-29 08397051core:IntangibleAssetsOtherThanGoodwill2023-02-28 08397051core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-29 08397051core:IntangibleAssetsOtherThanGoodwill2024-02-29 08397051core:LandBuildings2023-02-28 08397051core:PlantMachinery2023-02-28 08397051core:MotorVehicles2023-02-28 08397051core:ComputerEquipment2023-02-28 08397051core:LandBuildings2023-03-012024-02-29 08397051core:PlantMachinery2023-03-012024-02-29 08397051core:MotorVehicles2023-03-012024-02-29 08397051core:ComputerEquipment2023-03-012024-02-29 08397051core:LandBuildings2024-02-29 08397051core:PlantMachinery2024-02-29 08397051core:MotorVehicles2024-02-29 08397051core:ComputerEquipment2024-02-29 083970512022-03-012023-02-28 iso4217:GBP xbrli:pure
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
Page
- 2 -
Psa Electrical Services Ltd Company Information for the year ended 29 February 2024
Director
Slavcho Tsvetkov
Company Number
08397051 (England and Wales)
- 3 -
Psa Electrical Services Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
165,000 
- 
Tangible assets
15,097 
9,877 
180,097 
9,877 
Current assets
Debtors
118,500 
133,206 
Cash at bank and in hand
39,622 
153,200 
158,122 
286,406 
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 
Capital and reserves
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
- 4 -
Psa Electrical Services Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
- 
Additions
165,000 
At 29 February 2024
165,000 
Amortisation
At 1 March 2023
- 
At 29 February 2024
- 
Net book value
At 29 February 2024
165,000 
- 5 -
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 
Depreciation
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 
Net book value
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 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
- 
14,706 
Amounts due from group undertakings etc.
118,500 
118,500 
118,500 
133,206 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,379 
6,119 
Trade creditors
7,204 
10,110 
Taxes and social security
- 
403 
Loans from directors
71,935 
50,416 
Accruals
1,656 
1,656 
86,174 
68,704 
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).
- 6 -