P S Anderson Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06027072

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		29,314		8,989

			29,314		8,989
CURRENT ASSETS
Stocks	5	1,450		2,450
Debtors	6	29,318		46,477
Cash at bank and in hand		53,648		12,973

		84,416		61,900
Creditors: Amounts Falling Due Within One Year	7	(137,995 )		(110,249 )

NET CURRENT ASSETS (LIABILITIES)			(53,579 )		(48,349 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(24,265 )		(39,360 )

NET LIABILITIES			(24,265 )		(39,360 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(24,365 )		(39,460 )

SHAREHOLDERS' FUNDS			(24,265)		(39,360)

Page 1

Page 2

P S Anderson Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Paul Anderson

Director

29 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

P S Anderson Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06027072 . The registered office is Pilgrim Suite, Ketteringham Hall, Church Road, Ketteringham, Wymondham, Norfolk, NR18 9RS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

A financial asset or a financial liability is only recognised when the entity becomes party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount of receivable or payable including any related transaction costs, 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. Current assets and current liabilities are subsequently measureed at the cash or other consideration expected to be paid or received and not discounted. Debt instruments ar subsequently measured at amortised cost.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.7. Impairment

At each reporting date, goodwill and other tangible fixed assets and investments but excluding investment in properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of the an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the profit and loss account.

Page 3

Page 4

P S Anderson Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	19,505
Additions	30,097

As at 31 December 2024	49,602

Depreciation
As at 1 January 2024	10,516
Provided during the period	9,772

As at 31 December 2024	20,288

Net Book Value
As at 31 December 2024	29,314

As at 1 January 2024	8,989

5. Stocks

	2024	2023
	£	£
Materials	1,450	2,450

6. Debtors

	2024	2023
	£	£
Due within one year
Prepayments and accrued income	29,318	46,477

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	10,605	4,805
Other loans	21,150	17,350
Other taxes and social security	2,263	3,056
VAT	5,677	2,423
Accruals and deferred income	1,350	1,350
Director's loan account	96,950	81,265

	137,995	110,249

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

Page 4