REGISTERED NUMBER: 03689664

Financial Statements

for the Year Ended 31 December 2025

for

PSI TECHNOLOGIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

JA Devereux

SV Bennett

SECRETARY:

SV Bennett

REGISTERED OFFICE:

Unit 10-11

Stratfield Park

Elettra Avenue

Waterlooville

Hampshire

PO7 7XN

REGISTERED NUMBER:

03689664

ACCOUNTANTS:

Hunter Simmons Ltd

3a London Road

Purbrook

Waterlooville

Hampshire

PO7 5LQ

FIXED ASSETS

Intangible assets

4

86,857

115,726

Tangible assets

5

652,426

685,900

739,283

801,626

CURRENT ASSETS

Stocks

1,375,007

1,938,305

Debtors

6

1,823,275

1,860,465

Cash at bank and in hand

198,603

167,054

3,396,885

3,965,824

CREDITORS

Amounts falling due within one year

7

1,533,625

2,359,773

NET CURRENT ASSETS

1,863,260

1,606,051

TOTAL ASSETS LESS CURRENT LIABILITIES

2,602,543

2,407,677

CREDITORS

Amounts falling due after more than one year

8

721,305

543,441

NET ASSETS

1,881,238

1,864,236

CAPITAL AND RESERVES

Called up share capital

1,150

1,150

Retained earnings

1,880,088

1,863,086

SHAREHOLDERS' FUNDS

1,881,238

1,864,236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2026 and were signed on its behalf by:

SV Bennett - Director

1.	STATUTORY INFORMATION

PSI Technologies Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Development costs are being amortised at an annual rate of 25% per annum on the reducing balance.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

33% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Stock & work in progress

Stock & work in progress have been valued using the weighted average price method, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

10,000

511,078

521,078

AMORTISATION

At 1 January 2025

7,750

397,602

405,352

Charge for year

500

28,369

28,869

At 31 December 2025

8,250

425,971

434,221

NET BOOK VALUE

At 31 December 2025

1,750

85,107

86,857

At 31 December 2024

2,250

113,476

115,726

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

466,716

225,181

82,847

Additions

-

808

20,360

At 31 December 2025

466,716

225,989

103,207

DEPRECIATION

At 1 January 2025

-

155,525

50,816

Charge for year

-

10,502

5,239

At 31 December 2025

-

166,027

56,055

NET BOOK VALUE

At 31 December 2025

466,716

59,962

47,152

At 31 December 2024

466,716

69,656

32,031

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

27,918

235,664

1,038,326

Additions

-

335

21,503

At 31 December 2025

27,918

235,999

1,059,829

DEPRECIATION

At 1 January 2025

27,918

118,167

352,426

Charge for year

-

39,236

54,977

At 31 December 2025

27,918

157,403

407,403

NET BOOK VALUE

At 31 December 2025

-

78,596

652,426

At 31 December 2024

-

117,497

685,900

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

695,713

706,112

Amounts owed by group undertakings

983,745

888,745

Other debtors

143,817

265,608

1,823,275

1,860,465

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

14,205

12,641

Finance leases

-

9,010

Trade creditors

491,249

624,645

Taxation and social security

152,295

181,893

Other creditors

875,876

1,531,584

1,533,625

2,359,773

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

171,884

187,652

Other creditors

549,421

355,789

721,305

543,441

9.	ULTIMATE CONTROLLING PARTY

Devnett Ltd, a company registered in England & Wales, owns 100% of the issued share capital of PSI Technologies Ltd. Mr S Bennett and Mr J Devereux, directors, have a controlling interest in Devnett Ltd.