The Psm Enterprise Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07115123

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		13,504		11,006
Investments	5		81,545		156,545

			95,049		167,551
CURRENT ASSETS
Stocks	6	247		-
Debtors	7	121,362		753
Cash at bank and in hand		34,947		235,610

		156,556		236,363
Creditors: Amounts Falling Due Within One Year	8	(30,870 )		(99,976 )

NET CURRENT ASSETS (LIABILITIES)			125,686		136,387

TOTAL ASSETS LESS CURRENT LIABILITIES			220,735		303,938

NET ASSETS			220,735		303,938

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			220,734		303,937

SHAREHOLDERS' FUNDS			220,735		303,938

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The Psm Enterprise Ltd

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 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 Stanley

Director

12/01/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

The Psm Enterprise Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07115123 . The registered office is 1st Floor, 104 Oxford Street, Fitzrovia, London, W1D 1LP.

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% Straight Line
Fixtures & Fittings	25% Straight Line
Computer Equipment	25% Straight Line

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

Financial Instruments

The company has only basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Basic financial liabilities

Basic financial liabilities, which include creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transactions.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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The Psm Enterprise Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.7. Taxation

Corporation tax expense represents the sum of the tax currently payable and deferred tax.

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.

Current tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2024	42,499	-	42,499
Additions	9,501	1,166	10,667

As at 31 January 2025	52,000	1,166	53,166

Depreciation
As at 1 February 2024	31,493	-	31,493
Provided during the period	7,878	291	8,169

As at 31 January 2025	39,371	291	39,662

Net Book Value
As at 31 January 2025	12,629	875	13,504

As at 1 February 2024	11,006	-	11,006

5. Investments

	Listed
	£
Cost or Valuation
As at 1 February 2024	156,545
Disposals	(75,000 )

As at 31 January 2025	81,545

Provision
As at 1 February 2024	-

As at 31 January 2025	-

Net Book Value
As at 31 January 2025	81,545

As at 1 February 2024	156,545

6. Stocks

	2025	2024
	£	£
Finished goods	247	-

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The Psm Enterprise Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	14,465	-
Prepayments and accrued income	75,930	-
Other debtors	24,150	-
VAT	6,817	753

	121,362	753

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	231	-
Bank loans and overdrafts	3,100	-
Corporation tax	24,623	93,205
Other creditors	1,790	4,381
Accruals and deferred income	750	2,000
Director's loan account	376	390

	30,870	99,976

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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