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Company Registration No. 12677006 (England and Wales)
PS Logistics Services Ltd. Unaudited accounts for the year ended 30 June 2024
PS Logistics Services Ltd. Unaudited accounts Contents
Page
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PS Logistics Services Ltd. Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
75,979 
72,841 
Current assets
Debtors
13,172 
9,459 
Cash at bank and in hand
6,077 
31,188 
19,249 
40,647 
Creditors: amounts falling due within one year
(38,213)
(62,820)
Net current liabilities
(18,964)
(22,173)
Total assets less current liabilities
57,015 
50,668 
Creditors: amounts falling due after more than one year
(21,622)
(25,853)
Provisions for liabilities
Deferred tax
(21,108)
(13,841)
Net assets
14,285 
10,974 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
14,284 
10,973 
Shareholders' funds
14,285 
10,974 
For the year ending 30 June 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 17 March 2025 and were signed on its behalf by
Satnam Singh Director Company Registration No. 12677006
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PS Logistics Services Ltd. Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
PS Logistics Services Ltd. is a private company, limited by shares, registered in England and Wales, registration number 12677006. The registered office is 66 BRADING ROAD, LEICESTER, LE3 9BG, 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.
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 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:
Plant & machinery
20% on reducing balance
Computer equipment
33% Straight Line Basis
Taxation
Taxation for the year comprises current and deferred tax. 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 taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
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PS Logistics Services Ltd. Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 July 2023
107,950 
Additions
21,998 
At 30 June 2024
129,948 
Depreciation
At 1 July 2023
35,109 
Charge for the year
18,860 
At 30 June 2024
53,969 
Net book value
At 30 June 2024
75,979 
At 30 June 2023
72,841 
5
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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