12933766falseWholesale of electronic equipment2023-10-012024-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-09-30http://www.companieshouse.gov.uk/cd:Director12023-10-012024-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-09-30http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-10-012024-09-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-10-012024-09-30http://www.companieshouse.gov.uk/pt:PaymentsOnAccount2023-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-10-012024-09-30http://www.companieshouse.gov.uk/pt:PaymentsOnAccount2024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-09-30http://www.companieshouse.gov.uk/2023-10-012024-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/cd:FRS1022023-10-012024-09-30http://www.companieshouse.gov.uk/2024-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-10-012024-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-10-012024-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 12933766

PSI Electronics Ltd

ACCOUNTS
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
Ming Quan
REGISTERED OFFICE
121 Coupland Road
Selby
England
YO8 3GE
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 Sheet3
Notes To The Accounts4
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 30/09/2024
20242023
Notes££
FIXED ASSETS
Intangible assets3-521
Tangible assets41,3601,409
1,3601,930
CURRENT ASSETS
Debtors570,47728,297
Cash at bank and in hand41,567113,930
112,044142,227
CREDITORS: Amounts falling due within one year653,54036,488
NET CURRENT ASSETS58,504105,739
TOTAL ASSETS LESS CURRENT LIABILITIES59,864107,669
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account59,764107,569
SHAREHOLDERS' FUNDS59,864107,669
For the year ending 30/09/2024 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 23/06/2025 and signed on their behalf by
.............................
Ming Quan
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing 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
20242023
No.No.
Average number of employees2-

PSI Electronics Ltd

3. INTANGIBLE FIXED ASSETS
Payments
On AccountTotal
££
Cost
At 01/10/2023734734
Disposals(734)(734)
At 30/09/2024--
Depreciation
At 01/10/2023213213
Disposals(213)(213)
At 30/09/2024--
Net Book Amounts
At 30/09/2024--
At 30/09/2023521521
4. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/10/20234,753-4,753
Additions-216216
At 30/09/20244,7532164,969
Depreciation
At 01/10/20233,344-3,344
For the year21154265
At 30/09/20243,555543,609
Net Book Amounts
At 30/09/20241,1981621,360
At 30/09/20231,409-1,409
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors69,36428,297
VAT805-
Prepayments308-
70,47728,297

PSI Electronics Ltd

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-30,426
VAT-1
PAYE control381153
Salaries and wages control2,3772,408
Directors current account1,8971,293
Bank loans and overdrafts492-
Loans from pension fund current portion-62
Trade creditors46,969-
Accruals1,4242,145
53,54036,488
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100
100100