Psi Accountancy Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 07250718

		30 November 2025		30 November 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		287,500		-
Tangible Assets	5		733,064		608,974
Investments	6		747,482		736,640

			1,768,046		1,345,614
CURRENT ASSETS
Debtors	7	130,990		-
Cash at bank and in hand		219,764		497,575

		350,754		497,575
Creditors: Amounts Falling Due Within One Year	8	(428,070 )		(522,516 )

NET CURRENT ASSETS (LIABILITIES)			(77,316 )		(24,941 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,690,730		1,320,673

Creditors: Amounts Falling Due After More Than One Year	9		(195,872 )		(242,907 )

NET ASSETS			1,494,858		1,077,766

CAPITAL AND RESERVES
Called up share capital	10		100		100
Revaluation reserve	11		124,841		124,841
Other reserves			-		(155,212 )
Profit and Loss Account			1,369,918		1,108,037

SHAREHOLDERS' FUNDS			1,494,859		1,077,766

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Psi Accountancy Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 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 Peter Sewell

Director

19/02/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Psi Accountancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07250718 . The registered office is Unit 4 Ffordd Richard Davies, St. Asaph Business Park, St. Asaph, LL17 0LJ.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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:

Freehold	N/A
Leasehold	Lease over 220 years
Plant & Machinery	N/A
Motor Vehicles	N/A
Fixtures & Fittings	5% Reducing Balance
Computer Equipment	33% Straight Line

2.5. Taxation

Income 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Psi Accountancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred 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 and deferred 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: 20 (2024: 16)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 December 2024	-
Additions	575,000

As at 30 November 2025	575,000

Amortisation
As at 1 December 2024	-
Provided during the period	287,500

As at 30 November 2025	287,500

Net Book Value
As at 30 November 2025	287,500

As at 1 December 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 December 2024	172,500	212,500	-	354,773
Additions	-	-	50,961	94,244

As at 30 November 2025	172,500	212,500	50,961	449,017

Depreciation
As at 1 December 2024	-	-	-	137,964
Provided during the period	-	-	5,096	10,840

As at 30 November 2025	-	-	5,096	148,804

Net Book Value
As at 30 November 2025	172,500	212,500	45,865	300,213

As at 1 December 2024	172,500	212,500	-	216,809

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Psi Accountancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 December 2024	15,695	755,468
Additions	-	145,205

As at 30 November 2025	15,695	900,673

Depreciation
As at 1 December 2024	8,530	146,494
Provided during the period	5,179	21,115

As at 30 November 2025	13,709	167,609

Net Book Value
As at 30 November 2025	1,986	733,064

As at 1 December 2024	7,165	608,974

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 December 2024	736,640
Additions	10,842

As at 30 November 2025	747,482

Provision
As at 1 December 2024	-

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	747,482

As at 1 December 2024	736,640

7. Debtors

	30 November 2025	30 November 2024
	£	£
Due within one year
Other debtors	130,990	-

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Psi Accountancy Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

8. Creditors: Amounts Falling Due Within One Year

	30 November 2025	30 November 2024
	£	£
Other creditors	266,474	312,723
Taxation and social security	161,596	209,793

	428,070	522,516

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

	30 November 2025	30 November 2024
	£	£
Bank loans	195,872	242,907

10. Share Capital

	30 November 2025	30 November 2024
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Revaluation reserve	Other reserves	Profit and Loss Account
	£	£	£
As at 1 December 2024	124,841	(155,212 )	1,108,037
Profit for the year and total comprehensive income	-	-	261,881

Movements in other reserves	-	155,212	-

As at 30 November 2025	124,841	-	1,369,918

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