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Company Registration No. 10649344 (England and Wales)
Psl Wealth Management Limited Unaudited accounts for the year ended 28 February 2025
Psl Wealth Management Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Psl Wealth Management Limited Company Information for the year ended 28 February 2025
Director
P Lall
Company Number
10649344 (England and Wales)
Registered Office
6 Cheltenham Place Harrow Middlesex HA3 9ND England
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Psl Wealth Management Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
2,373
3,165
Current assets
Debtors
5
6,334
4,734
Cash at bank and in hand
27,114
20,149
33,448
24,883
Creditors: amounts falling due within one year
6
(6,247)
(4,882)
Net current assets
27,201
20,001
Net assets
29,574
23,166
Capital and reserves
Called up share capital
2
2
Profit and loss account
29,572
23,164
Shareholders' funds
29,574
23,166
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 December 2025 and were signed on its behalf by
P Lall Director Company Registration No. 10649344
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Psl Wealth Management Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Psl Wealth Management Limited is a private company, limited by shares, registered in England and Wales, registration number 10649344. The registered office is 6 Cheltenham Place, Harrow, Middlesex, HA3 9ND, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 March 2024
13,219
At 28 February 2025
13,219
Depreciation
At 1 March 2024
10,054
Charge for the year
792
At 28 February 2025
10,846
Net book value
At 28 February 2025
2,373
At 29 February 2024
3,165
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
6,334
4,734
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Psl Wealth Management Limited Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
2,158
1,225
Other creditors
169
168
Loans from directors
997
1,516
Accruals
2,923
1,973
6,247
4,882
7
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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