REGISTERED NUMBER: 02600288 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

PSU DESIGNS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

619,563

626,880

CURRENT ASSETS

Stocks

1,437,050

1,552,280

Debtors

5

647,607

774,777

Cash at bank and in hand

36,544

77,472

2,121,201

2,404,529

CREDITORS

Amounts falling due within one year

6

1,431,474

1,738,022

NET CURRENT ASSETS

689,727

666,507

TOTAL ASSETS LESS CURRENT LIABILITIES

1,309,290

1,293,387

CREDITORS

Amounts falling due after more than one year

7

(301,800

)

(420,906

)

PROVISIONS FOR LIABILITIES

(49,245

)

-

NET ASSETS

958,245

872,481

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

98,120

98,120

Retained earnings

860,025

774,261

958,245

872,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2026 and were signed by:

Mr N D Arkell - Director

1.	STATUTORY INFORMATION

Psu Designs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02600288

Registered office:

6 & 7 Bloomfield Park

Bloomfield Road

Tipton

West Midlands

DY4 9AP

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

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

Plant and machinery

-

10% on cost

Fixtures and fittings

-

20% on cost and 10% on cost

Motor vehicles

-

20% on cost

Improvements to property are depreciated at 2% on cost per year,

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of

inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest

elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the

remaining balance of the liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2024 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 September 2024

75,352

1,164,125

215,621

Additions

-

-

10,326

At 31 August 2025

75,352

1,164,125

225,947

DEPRECIATION

At 1 September 2024

25,747

637,597

205,110

Charge for year

1,507

30,786

10,203

At 31 August 2025

27,254

668,383

215,313

NET BOOK VALUE

At 31 August 2025

48,098

495,742

10,634

At 31 August 2024

49,605

526,528

10,511

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

44,923

83,186

1,583,207

Additions

21,199

15,861

47,386

At 31 August 2025

66,122

99,047

1,630,593

DEPRECIATION

At 1 September 2024

10,043

77,830

956,327

Charge for year

8,534

3,673

54,703

At 31 August 2025

18,577

81,503

1,011,030

NET BOOK VALUE

At 31 August 2025

47,545

17,544

619,563

At 31 August 2024

34,880

5,356

626,880

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

604,801

719,162

Other debtors

42,806

55,615

647,607

774,777

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

67,435

57,772

Trade creditors

442,034

618,133

Taxation and social security

78,976

66,096

Other creditors

843,029

996,021

1,431,474

1,738,022

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Hire purchase contracts

78,336

110,094

Other creditors

223,464

310,812

301,800

420,906

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Hire purchase contracts

145,771

167,866

Invoice discounting loan

492,059

562,768

637,830

730,634

The hire purchase liability are secured over the assets to which they relate. The invoice discounting loan is secured by way of a charge over the related trade debtors.