REGISTERED NUMBER: 02147320 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Power Services International Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M Magnus-Hannaford

REGISTERED OFFICE:

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

REGISTERED NUMBER:

02147320 (England and Wales)

ACCOUNTANTS:

Gibsons Financial Limited

Chartered Accountants

Foresters Hall

25/27 Westow Street

Upper Norwood

London

SE19 3RY

CURRENT ASSETS

Stocks

30,649

29,074

Debtors

4

33,458

32,714

Cash at bank and in hand

16,384

17,782

80,491

79,570

CREDITORS

Amounts falling due within one year

(2,820

)

(1,809

)

NET CURRENT ASSETS

77,671

77,761

TOTAL ASSETS LESS CURRENT LIABILITIES

77,671

77,761

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

77,571

77,661

SHAREHOLDERS' FUNDS

77,671

77,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

Mr M Magnus-Hannaford - Director

1.	STATUTORY INFORMATION

Power Services International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

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

Pension costs and other post-retirement benefits

The company makes periodic contributions into a pension scheme run for the benefit of its director. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Other debtors

32,856

32,282

5.	RELATED PARTY DISCLOSURES

At the balance sheet date £32,856 was owed to the company by Mr Ignitor Limited in relation to various transactions. This amount is included within debtors: amounts falling due after more than one year.

Mr Ignitor Limited is a company registered in England. Mr M Magnus-Hannaford owns the company's entire issued share capital.

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Magnus-Hannaford.

The company is controlled by Mr M Hannaford, the Managing Director, by virtue of his 100% interest in the issued share capital.