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REGISTERED NUMBER: 11438149 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

PSG Commercial Ltd

PSG Commercial Ltd (Registered number: 11438149)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSG Commercial Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr P A Grozev





REGISTERED OFFICE: 13 Liverpool Road North
Maghull
Merseyside
L31 2HB





REGISTERED NUMBER: 11438149 (England and Wales)





ACCOUNTANTS: McParland Williams Limited
13 Liverpool Road North
Maghull
Merseyside
L31 2HB

PSG Commercial Ltd (Registered number: 11438149)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 5 - 500
Tangible assets 6 2,003 2,984
2,003 3,484

CURRENT ASSETS
Stocks 2,600 2,700
Debtors 7 3,893 2,262
Cash at bank and in hand 250 1,565
6,743 6,527
CREDITORS
Amounts falling due within one year 8 22,786 13,248
NET CURRENT LIABILITIES (16,043 ) (6,721 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(14,040

)

(3,237

)

CREDITORS
Amounts falling due after more than one
year

9

(7,898

)

(9,171

)

PROVISIONS FOR LIABILITIES (501 ) (588 )
NET LIABILITIES (22,439 ) (12,996 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (22,440 ) (12,997 )
SHAREHOLDERS' FUNDS (22,439 ) (12,996 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PSG Commercial Ltd (Registered number: 11438149)

Balance Sheet - continued
30 June 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 director and authorised for issue on 3 June 2025 and were signed by:





Mr P A Grozev - Director


PSG Commercial Ltd (Registered number: 11438149)

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

1. STATUTORY INFORMATION

PSG Commercial Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


PSG Commercial Ltd (Registered number: 11438149)

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

3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 10,000
AMORTISATION
At 1 July 2023 9,500
Amortisation for year 500
At 30 June 2024 10,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 500

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023
and 30 June 2024 837 1,939 286
DEPRECIATION
At 1 July 2023 450 553 153
Charge for year 387 208 20
At 30 June 2024 837 761 173
NET BOOK VALUE
At 30 June 2024 - 1,178 113
At 30 June 2023 387 1,386 133

PSG Commercial Ltd (Registered number: 11438149)

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

6. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 2,278 694 6,034
DEPRECIATION
At 1 July 2023 1,521 373 3,050
Charge for year 318 48 981
At 30 June 2024 1,839 421 4,031
NET BOOK VALUE
At 30 June 2024 439 273 2,003
At 30 June 2023 757 321 2,984

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 260 990
Other debtors 3,633 1,272
3,893 2,262

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 3,585 1,602
Trade creditors - 1,487
Taxation and social security (735 ) (290 )
Other creditors 19,936 10,449
22,786 13,248

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 7,898 9,171