PSI Investments (UK) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC274074 (Scotland)

Unaudited Financial Statements

for the Year Ended 29 March 2025

for

PSI Investments (UK) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P G Innes

Mrs S K Innes

REGISTERED OFFICE:

Petersfield

Kemnay

Aberdeenshire

AB51 5PR

REGISTERED NUMBER:

SC274074 (Scotland)

ACCOUNTANTS:

SBP

Accountants

42 Queens Road

Aberdeen

AB15 4YE

FIXED ASSETS

Tangible assets

4

-

Investments

5

30,875

43,375

30,875

43,375

CURRENT ASSETS

Stocks

18,680

Debtors

6

2,880

3,125

Cash at bank

10,369

1,841

31,929

23,646

CREDITORS

Amounts falling due within one year

7

2,648

3,617

NET CURRENT ASSETS

29,281

20,029

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,156

63,404

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

60,056

63,304

60,156

63,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:

Mr P G Innes - Director

1.	STATUTORY INFORMATION

PSI Investments (UK) Ltd. is a private company, limited by shares , registered in Scotland. 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.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

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.

Taxation

Taxation for the year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

COST

At 30 March 2024

and 29 March 2025

10,439

2,300

3,500

16,239

DEPRECIATION

At 30 March 2024

and 29 March 2025

10,439

2,300

3,500

16,239

NET BOOK VALUE

At 29 March 2025

-

At 29 March 2024

-

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

29.3.25

29.3.24

£

Other investments cost

43,375

Other investments disposals

(12,500

)

-

30,875

43,375

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.25

29.3.24

£

Trade debtors

2,880

Other debtors

-

245

2,880

3,125

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.3.25

29.3.24

£

Trade creditors

226

1,688

Taxation and social security

493

-

Other creditors

1,929

2,648

3,617

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 March 2025 and 29 March 2024:

29.3.25

29.3.24

£

Mrs S K Innes

Balance outstanding at start of year

(135

)

(135

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(135

)

(135

)

Mr P G Innes

Balance outstanding at start of year

(544

)

(544

)

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(544

)

(544

)

9.	RELATED PARTY DISCLOSURES

Included in Rents received is £9,600 (2024: £9,600) received from Safelift Offshore Limited, a company registered in Scotland, of which Mr P G Innes is a director.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who between them own 100% of the issued share capital.