REGISTERED NUMBER: 05962743 (England and Wales)

Unaudited Financial Statements

for the Period 1 November 2023 to 31 March 2025

for

PSR Environmental Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

5

53,633

49,337

Current assets

Stocks

16,545

10,000

Debtors

6

184,924

133,993

Cash at bank

131,661

-

333,130

143,993

Creditors

Amounts falling due within one year

7

(346,373

)

(137,080

)

Net current (liabilities)/assets

(13,243

)

6,913

Total assets less current liabilities

40,390

56,250

Creditors

Amounts falling due after more than one year

8

(22,714

)

(21,038

)

Provisions for liabilities

(13,408

)

(12,334

)

Net assets

4,268

22,878

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

3,268

21,878

4,268

22,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

Mr A E Riches - Director

1.	Statutory information

PSR Environmental Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05962743

Registered office:

10 Oak Street

Fakenham

Norfolk

NR21 9DY

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.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

20% on cost

Stocks

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

slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	Employees and directors

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

5.	Tangible fixed assets

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 1 November 2023

10,394

55,605

5,739

71,738

Additions

1,594

26,667

896

29,157

At 31 March 2025

11,988

82,272

6,635

100,895

Depreciation

At 1 November 2023

9,462

9,408

3,531

22,401

Charge for period

661

22,924

1,276

24,861

At 31 March 2025

10,123

32,332

4,807

47,262

Net book value

At 31 March 2025

1,865

49,940

1,828

53,633

At 31 October 2023

932

46,197

2,208

49,337

6.

Debtors: amounts falling due within one year

31.3.25

31.10.23

£

£

Trade debtors

111,542

120,971

Amounts owed by group undertakings

68,453

9,909

Other debtors

4,929

3,113

184,924

133,993

7.

Creditors: amounts falling due within one year

31.3.25

31.10.23

£

£

Bank loans and overdrafts

14,750

1,079

Hire purchase contracts

6,214

6,214

Trade creditors

186,377

92,782

Taxation and social security

53,735

20,413

Other creditors

85,297

16,592

346,373

137,080

Included in other creditors with amounts falling due within one year is an amount of £6,214 (2023: £6,214) in respect of hire purchase and finance lease obligations. This is secured on the assets concerned.

8.

Creditors: amounts falling due after more than one year

31.3.25

31.10.23

£

£

Bank loans

10,479

-

Hire purchase contracts

12,235

21,038

22,714

21,038

Included in other creditors with amounts falling due within more than one year is an amount of £12,235 (2023: £21,038 ) in respect of hire purchase and finance lease obligations. This is secured on the assets concerned.