Psl Business Consultants Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03762381 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

Psl Business Consultants Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

A C Griffiths

REGISTERED OFFICE:

South Staffs Freight Building

Lynn Lane

Shenstone

Lichfield

Staffordshire

WS14 0ED

REGISTERED NUMBER:

03762381 (England and Wales)

ACCOUNTANTS:

Wychbury Lee

South Staffs Freight Bldng

Lynn Lane

Shenstone

Lichfield

Staffordshire

WS14 0ED

FIXED ASSETS

Tangible assets

4

6,023

8,031

CURRENT ASSETS

Debtors

5

94,352

92,053

Cash at bank

43,477

39,458

137,829

131,511

CREDITORS

Amounts falling due within one year

6

35,909

40,292

NET CURRENT ASSETS

101,920

91,219

TOTAL ASSETS LESS CURRENT LIABILITIES

107,943

99,250

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

107,843

99,150

SHAREHOLDERS' FUNDS

107,943

99,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 July 2019 and were signed by:

A C Griffiths - Director

1.	STATUTORY INFORMATION

Psl Business Consultants Ltd is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found

on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

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 statement of financial position date.

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 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2018

and 30 April 2019

76,308

DEPRECIATION

At 1 May 2018

68,277

Charge for year

2,008

At 30 April 2019

70,285

NET BOOK VALUE

At 30 April 2019

6,023

At 30 April 2018

8,031

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

91,896

80,714

Other debtors

-

11,339

Directors' current accounts

2,456

-

94,352

92,053

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Bank loans and overdrafts

-

2,212

Trade creditors

314

222

Credit Card

249

-

Taxation

28,485

25,393

VAT

5,361

10,955

Directors' current accounts

-

100

Accrued expenses

1,500

1,410

35,909

40,292

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.19

30.4.18

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 May 2018

99,150

Profit for the year

116,193

Dividends

(107,500

)

At 30 April 2019

107,843