| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
3,051 |
|
|
3,116 |
| Current assets |
|
99,655 |
|
|
92,331 |
|
| Prepayments and accrued income |
|
70 |
|
|
102 |
|
| Creditors: amount falling due within one year |
|
(24,664) |
|
|
(25,520) |
|
|
Net current assets
|
|
|
75,061
|
|
|
66,913
|
|
Total assets less current liabilities
|
|
|
78,112 |
|
|
70,029 |
|
Net assets
|
|
|
78,112 |
|
|
70,029 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
78,112 |
|
|
70,029 |
| |
NOTES TO THE ACCOUNTS
General Information
PS EMBEDDED LTD is a private company, limited by shares, registered in England, registration number 10852412, registration address 35 Swanmore Road, Littleover, Derby, Derbyshire, DE23 3SD.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, 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:
| Fixtures and Fittings |
25% Reducing Balance
|
| Computer Equipment |
25% Reducing Balance
|
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 September 2024 |
1,046 |
|
5,904 |
|
6,950 |
| Additions |
458 |
|
1,304 |
|
1,762 |
| Disposals |
(508) |
|
(2,930) |
|
(3,438) |
| At 31 August 2025 |
996 |
|
4,278 |
|
5,274 |
| Depreciation |
| At 01 September 2024 |
479 |
|
3,355 |
|
3,834 |
| Charge for year |
251 |
|
822 |
|
1,073 |
| On disposals |
(356) |
|
(2,328) |
|
(2,684) |
| At 31 August 2025 |
374 |
|
1,849 |
|
2,223 |
| Net book values |
| Closing balance as at 31 August 2025 |
622 |
|
2,429 |
|
3,051 |
| Opening balance as at 01 September 2024 |
567 |
|
2,549 |
|
3,116 |
|
| 3. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
| 4. |
Transaction with directors
At the balance sheet date, within the other creditors include an amount of £5,470.25 (2024: £4,846.25) owed to the directors. The loan is interest free and repayable on demand.
|
For the year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the micro-entity provisions.
The financial statements were approved by the board of directors on 28 November 2025 and were signed on its behalf by: --------------------------------
Pawel Starzyk
Director |
1
|