PSY LIMITED

Company Registration Number:
11631775 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

PSY LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

PSY LIMITED

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 1,683,420 1,308,457
Total fixed assets: 1,683,420 1,308,457
Current assets
Stocks: 1,273,823 1,283,248
Debtors:   1,364,531 1,142,185
Cash at bank and in hand: 783,942 421,854
Total current assets: 3,422,296 2,847,287
Creditors: amounts falling due within one year:   (354,633) (351,719)
Net current assets (liabilities): 3,067,663 2,495,568
Total assets less current liabilities: 4,751,083 3,804,025
Total net assets (liabilities): 4,751,083 3,804,025
Capital and reserves
Called up share capital: 350,000 175,000
Profit and loss account: 4,401,083 3,629,025
Shareholders funds: 4,751,083 3,804,025

The notes form part of these financial statements

PSY LIMITED

Balance sheet statements

For the year ending 31 October 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 July 2025
and signed on behalf of the board by:

Name: Hammad Ahmed
Status: Director

The notes form part of these financial statements

PSY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PSY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 20 15

PSY LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 1,675,398
Additions 473,497
At 31 October 2024 2,148,895
Depreciation
At 01 November 2023 366,941
Charge for year 98,534
At 31 October 2024 465,475
Net book value
At 31 October 2024 1,683,420
At 31 October 2023 1,308,457