| Registered Number:04951240 |
For the year ended 29 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 29 December 2024
PS 1 Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
PS 1 Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
28,973
33,102
2
3
1,400,000
1,400,000
50
50
4
1,429,023
1,433,152
| Trade and other receivables |
76,986
91,122
5
1,686
| Cash and cash equivalents |
957
92,079
78,672
| Trade and other payables: amounts falling due within one |
| year |
(23,788)
(31,373)
6
54,884
60,706
Net current assets
| Total assets less current liabilities |
1,489,729
1,488,036
| Trade and other payables: amounts falling due after more |
| than one year |
(1,025,057)
(1,000,806)
7
(5,063)
(6,108)
| Provisions for liabilities |
483,860
Net assets
456,871
1
1
483,859
456,870
483,860
456,871
Shareholders' funds
| For the year ended 29 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 29 December 2024 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 29 December 2024
PS 1 Ltd
Statement of Financial Position Continued
| Andrew Robertson Director |
| These financial statements were approved and authorised for issue by the Board on 23 September 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 29 December 2024
PS 1 Ltd
Notes to the Financial Statements
Statutory Information
| PS 1 Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
| 04951240. |
9 Knightsbridge Court
Chester
CH1 1QG
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Motor Vehicles
Investment property
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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For the year ended 29 December 2024
PS 1 Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor Vehicles
72,353
2,258
57,520
12,575
2,895
1,895
-
1,000
13,575
57,520
4,153
75,248
| Provision for depreciation and impairment |
39,251
1,306
26,754
11,191
Charge for year
7,024
522
6,153
349
46,275
1,828
32,907
11,540
2,035
24,613
2,325
28,973
1,384
30,766
952
33,102
1,400,000
1,400,000
1,400,000
1,400,000
| 4. Investments held as fixed assets |
| Shares in group and participating interests |
50
50
50
50
50
50
50
50
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For the year ended 29 December 2024
PS 1 Ltd
Notes to the Financial Statements Continued
| 5. Trade and other receivables |
2023
2024
12,445
-
| Amounts owed by group undertakings and participating interests |
74,951
74,951
| Prepayments and accrued income |
739
-
| Taxation and social security |
2,987
2,035
76,986
91,122
| The debtors above include the following amounts falling due after more than one year: |
| Amounts owed by group undertakings and participating interests |
74,951
74,951
| 6. Trade and other payables: amounts falling due within one year |
2023
2024
5,172
5,019
367
129
| Taxation and social security |
4,518
-
| Accruals and deferred income |
15,078
12,673
| Obligations under HP/Financial leases |
6,238
5,967
31,373
23,788
| 7. Trade and other payables: amounts falling due after more than one year |
2023
2024
2,268
7,440
1,007,387
994,546
10,230
3,992
| Obligations under HP/Financial leases |
1,000,806
1,025,057
| 8. Average number of persons employed |
During the year the average number of employees was 1 (2023 : 1)
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