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# PSP FAMILY LTD

## Company Registration Number:
11122588 (England and Wales)

## Unaudited statutory accounts for the year ended 31 December 2024

## Period of accounts

## Start date: 01 January 2024

## End date: 31 December 2024

# PSP FAMILY LTD

## Contents of the Financial Statements

for the Period Ended 31 December 2024

Company Information - 3 |
Report of the Directors - 4 |
Profit and Loss Account - 5 |
Balance sheet - 6 |
Additional notes - 8 |
Balance sheet notes - 12 |

# PSP FAMILY LTD

## Company Information

for the Period Ended 31 December 2024

Director: |  | Petar Valentinov Valchev
Registered office: |  | 24 Perrys Lea Bradley Stoke Bristol England BS32 0EE
Company Registration Number: |  | 11122588 (England and Wales)

# PSP FAMILY LTD

## Directors' Report Period Ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal Activities

The company's principal activity during the period was delivery services.

Directors

The directors shown below have held office during the whole of the period from 01 January 2024 to 31 December 2024
Petar Valentinov Valchev

This report was approved by the board of directors on 15 September 2025
And Signed On Behalf Of The Board By:

Name: Petar Valentinov Valchev
Status: Director

# PSP FAMILY LTD

## Profit and Loss Account

for the Period Ended 31 December 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Turnover |  | 61,569 | 58,444
Cost of sales |  | ( 12,811 ) | ( 15,000 )
Gross Profit or (Loss) |  | 48,758 | 43,444
Administrative Expenses |  | ( 45,600 ) | ( 39,319 )
Operating Profit or (Loss) |  | 3,158 | 4,125
Profit or (Loss) Before Tax |  | 3,158 | 4,125
Tax on Profit |  | ( 600 ) | ( 784 )
Profit or (Loss) for Period |  | 2,558 | 3,341

The notes form part of these financial statements

# PSP FAMILY LTD

## Balance sheet

As at 31 December 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Fixed assets
Tangible assets: | 5 | 23,119 | 22,194
Total fixed assets: |  | 23,119 | 22,194
Current assets
Debtors: | 6 | 323 |
Cash at bank and in hand: |  | 26,866 | 41,689
Total current assets: |  | 27,189 | 41,689
Creditors: amounts falling due within one year: | 7 | ( 16,959 ) | ( 23,091 )
Net current assets (liabilities): |  | 10,230 | 18,598
Total assets less current liabilities: |  | 33,349 | 40,792
Creditors: amounts falling due after more than one year: | 8 | ( 21,522 ) | ( 31,523 )
Total net assets (liabilities): |  | 11,827 | 9,269

The notes form part of these financial statements

# PSP FAMILY LTD

## Balance sheet continued

As at 31 December 2024

| Notes | 2024 £ | 2023 £
--- | --- | --- | ---
Capital and reserves
Called up share capital: |  | 100 | 100
Profit and loss account: |  | 11,727 | 9,169
Shareholders funds: |  | 11,827 | 9,269

For the year ending 31 December 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.

This report was approved by the board of directors on 15 September 2025
And Signed On Behalf Of The Board By:

Name: Petar Valentinov Valchev
Status: Director

The notes form part of these financial statements

# PSP FAMILY LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

# PSP FAMILY LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 2. Employees

  | 2024 | 2023
  --- | --- | ---
  Average number of employees during the period | 2 | 2

# PSP FAMILY LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

- ## 3. Off balance sheet disclosure

  No

# PSP FAMILY LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 4. Dividends

| 2024 £ | 2023 £
--- | --- | ---
Dividends paid | 500 | 1,000

# PSP FAMILY LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 5. Tangible assets

| Plant & machinery | Total
--- | --- | ---
Cost | £ | £
At 01 January 2024 | 22,194 | 22,194
Additions | 7,364 | 7,364
Disposals | - | -
Revaluations | - | -
Transfers | - | -
At 31 December 2024 | 29,558 | 29,558
Depreciation |  |
At 01 January 2024 | - | -
Charge for year | 6,439 | 6,439
On disposals | - | -
Other adjustments | - | -
At 31 December 2024 | 6,439 | 6,439
Net book value |  |
At 31 December 2024 | 23,119 | 23,119
At 31 December 2023 | 22,194 | 22,194

# PSP FAMILY LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 6. Debtors

| 2024 £ | 2023 £
--- | --- | ---
Other debtors | 323 |
Total | 323 |

# PSP FAMILY LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 7.Creditors: amounts falling due within one year note

| 2024 £ | 2023 £
--- | --- | ---
Trade creditors | 14,958 | 22,308
Taxation and social security | 2,001 | 783
Total | 16,959 | 23,091

# PSP FAMILY LTD

## Notes to the Financial Statements

for the Period Ended 31 December 2024

## 8.Creditors: amounts falling due after more than one year

| 2024 £ | 2023 £
--- | --- | ---
Bank loans and overdrafts | 21,522 | 31,523
Total | 21,522 | 31,523