| Registered number: 12933766 | ||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||
| Prepared By: | ||||||||
| PJK Accounting Ltd | ||||||||
| Accountancy | ||||||||
| 26 | ||||||||
| Ferry Farm drive | ||||||||
| Stafford | ||||||||
| Staffordshire | ||||||||
| ST17 4je | ||||||||
| PSI Electronics Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||
| DIRECTORS | ||||||||
| REGISTERED OFFICE | ||||||||
| England | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 12933766 | ||||||||
| ACCOUNTANTS | ||||||||
| PJK Accounting Ltd | ||||||||
| Accountancy | ||||||||
| 26 | ||||||||
| Ferry Farm drive | ||||||||
| Stafford | ||||||||
| Staffordshire | ||||||||
| ST17 4je | ||||||||
| PSI Electronics Ltd | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED30/09/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Directors' Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| PSI Electronics Ltd | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Intangible assets | 3 | |||||||||
| Tangible assets | 4 | |||||||||
| CURRENT ASSETS | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 112,044 | 142,227 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT ASSETS | 105,739 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 7 | |||||||||
| Profit and loss account | 59,764 | 107,569 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| ............................. | ||||||||||
| Director | ||||||||||
| PSI Electronics Ltd | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 30/09/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting FRS 1021 a | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
| 1b. Depreciation | ||||||||
| Fixtures and Fittings | reducing balance 15% | |||||||
| Equipment | reducing balance 25% | |||||||
| 1c. Pension Costs | ||||||||
| The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. | ||||||||
| 1d. Foreign Currency | ||||||||
| Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. | ||||||||
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | - | |||||
| PSI Electronics Ltd | ||||||||
| 3. INTANGIBLE FIXED ASSETS | ||||
| Payments | ||||
| On Account | Total | |||
| £ | £ | |||
| Cost | ||||
| At 01/10/2023 | 734 | 734 | ||
| Disposals | (734) | (734) | ||
| At 30/09/2024 | - | - | ||
| Depreciation | ||||
| At 01/10/2023 | 213 | 213 | ||
| Disposals | (213) | (213) | ||
| At 30/09/2024 | - | - | ||
| Net Book Amounts | ||||
| At 30/09/2024 | ||||
| At 30/09/2023 | ||||
| 4. TANGIBLE FIXED ASSETS | ||||||
| Fixtures | ||||||
| and Fittings | Equipment | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 01/10/2023 | 4,753 | - | 4,753 | |||
| Additions | - | 216 | 216 | |||
| At 30/09/2024 | 4,753 | 216 | 4,969 | |||
| Depreciation | ||||||
| At 01/10/2023 | 3,344 | - | 3,344 | |||
| For the year | 211 | 54 | 265 | |||
| At 30/09/2024 | 3,555 | 54 | 3,609 | |||
| Net Book Amounts | ||||||
| At 30/09/2024 | 1,360 | |||||
| At 30/09/2023 | 1,409 | |||||
| 5. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Trade debtors | 69,364 | 28,297 | ||||||
| VAT | 805 | - | ||||||
| Prepayments | 308 | - | ||||||
| 70,477 | 28,297 | |||||||
| PSI Electronics Ltd | ||||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| UK corporation tax | - | 30,426 | ||||||
| VAT | - | 1 | ||||||
| PAYE control | 381 | 153 | ||||||
| Salaries and wages control | 2,377 | 2,408 | ||||||
| Directors current account | 1,897 | 1,293 | ||||||
| Bank loans and overdrafts | 492 | - | ||||||
| Loans from pension fund current portion | - | 62 | ||||||
| Trade creditors | 46,969 | - | ||||||
| Accruals | 1,424 | 2,145 | ||||||
| 53,540 | 36,488 | |||||||
| 7. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 100 | ||||||||
| 100 | 100 | |||||||