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PSUK COMMUNICATIONS LTD - Company Information

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PSUK Communications Ltd

Registered Number:09305305

For the year ended 30 November 2021

England and Wales

Unaudited Financial Statements

Registered Number :

09305305

As at 30 November 2021

PSUK Communications Ltd

Statement of Financial Position

2020

2021

Notes

Fixed assets

Property, plant and equipment

3,883

3,062

3,883

3,062

Current assets

Trade and other receivables

16,000

24,819

Cash and cash equivalents

5,590

21,590

24,904

Trade and other payables: amounts falling due within one

year

(24,929)

(22,878)

(25)

(1,288)

Net current liabilities

Total assets less current liabilities

2,595

3,037

2,595

Net assets

3,037

Capital and reserves

Called up share capital

Retained earnings

2,585

3,027

2,595

3,037

Shareholders' funds

For the year ended 30 November 2021 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 of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Louis Wearden Director

These financial statements were approved and authorised for issue by the Board on 31 August 2022 and were signed by:

The notes form part of these financial statements

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For the year ended 30 November 2021

PSUK Communications Ltd

Notes to the Financial Statements

Statutory Information

PSUK Communications Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 09305305.

Principal place of business:

192 Highmarsh Crescent

Manchester

M20 2AL

Registered address:

83 Ducie Street

Manchester

M1 2JQ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

20% Reducing balance

Computer equipment

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

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For the year ended 30 November 2021

PSUK Communications Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Plant and

machinery

Cost or

valuation

At 01 December 2020

7,552

6,652

900

2,233

Additions

At 30 November 2021

900

8,885

9,785

Provision for depreciation and impairment

At 01 December 2020

4,490

3,826

664

Charge for year

1,412

1,365

At 30 November 2021

5,902

5,191

711

At 30 November 2021

Net book value

189

3,694

3,883

At 30 November 2020

236

2,826

3,062

3. Trade and other receivables

2020

2021

Taxation and social security

Other debtors

16,000

4. Trade and other payables: amounts falling due within one year

2020

2021

Taxation and social security

16,208

17,657

Accruals and deferred income

1,013

Directors' loan accounts

5,657

5,137

Other creditors

1,122

22,878

24,929

5. Related party transactions

The ultimate controlling party is Louis Wearden who holds 100% of the voting rights of the company.

During the year the Director Louis Wearden was paid interim ordinary dividends in rthe sum of £73,700 (2020:

£51,500) in respect of his equity shareholding in the company.

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For the year ended 30 November 2021

PSUK Communications Ltd

Notes to the Financial Statements Continued

6. Directors advances and guarantees

At 01/12/2020

Loaned

At 30/11/2021

Louis Wearden

Loan Advance - Interest Free

16,000

7. Average number of persons employed

During the year the average number of employees was 2 (2020 : 2)

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