PSA Films Limited

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

Registered number: 10874699

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,628		4,385

			1,628		4,385
CURRENT ASSETS
Debtors	5	2,000		9,400
Cash at bank and in hand		25,199		85,899

		27,199		95,299
Creditors: Amounts Falling Due Within One Year	6	(176,821 )		(226,253 )

NET CURRENT ASSETS (LIABILITIES)			(149,622 )		(130,954 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(147,994 )		(126,569 )

Creditors: Amounts Falling Due After More Than One Year	7		-		(3,332 )

NET LIABILITIES			(147,994 )		(129,901 )

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			(148,094 )		(130,001 )

SHAREHOLDERS' FUNDS			(147,994)		(129,901)

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PSA Films Limited

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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 directors acknowledge their 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 P Ashworth

Director

29th July 2026

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

1. General Information

PSA Films Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10874699 . The registered office is 4th Floor, 100 Fenchurch Street, London, EC3M 5JD.

2. Accounting Policies

2.1. Basis of Preparation of 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.

At the balance sheet date, the company's liabilities exceeded its assets. The company has received

assurance from the directors, that they will continue to give financial support to the company for twelve

months from the date of signing of these financial statements and defer payment of its loan in favour of

other creditors.

On this basis, the directors consider it appropriate to prepare the financial statements on a going

concern basis. However, should the financial support mentioned above not be forthcoming, the going

concern basis used in preparing the company's financial statements may be invalid and adjustments

would have to be made to reduce the value of assets to their realisable amount and to provide for any

further liabilities which might arise. The financial statements do not include any adjustment to the

company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

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.

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:

Fixtures & Fittings	20% straight line
Computer Equipment	20% straight line

2.4. Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the statement of financial position date. Transactions in foreign currencies are translated into sterling

at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account

in arriving at the operating result.

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PSA Films Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.5. Taxation

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

Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 August 2024	3,932	12,421	16,353
Disposals	-	(11,123 )	(11,123 )

As at 31 July 2025	3,932	1,298	5,230

Depreciation
As at 1 August 2024	2,800	9,168	11,968
Provided during the period	282	260	542
Disposals	-	(8,908 )	(8,908 )

As at 31 July 2025	3,082	520	3,602

Net Book Value
As at 31 July 2025	850	778	1,628

As at 1 August 2024	1,132	3,253	4,385

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PSA Films Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	2,000	9,400

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,603	2,925
Bank loans and overdrafts	3,332	4,000
Other creditors	135,931	155,283
Taxation and social security	34,955	64,045

	176,821	226,253

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	3,332

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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