PSC Mailing Ltd,Ltd - AccountsLtd - Accounts

2021-03-01 07132980 2022-02-28 07132980 2021-03-01 2022-02-28 07132980 2021-02-28 07132980 2020-03-01 2021-02-28 07132980 uk-core:WithinOneYear 2021-02-28 07132980 uk-core:WithinOneYear 2022-02-28 07132980 uk-core:AfterOneYear 2021-02-28 07132980 uk-core:AfterOneYear 2022-02-28 07132980 uk-core:ShareCapital 2022-02-28 07132980 uk-core:ShareCapital 2021-02-28 07132980 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 07132980 uk-core:RetainedEarningsAccumulatedLosses 2021-02-28 07132980 uk-bus:Director1 2021-03-01 2022-02-28 07132980 uk-bus:Director2 2021-03-01 2022-02-28 07132980 uk-core:NetGoodwill 2021-03-01 2022-02-28 07132980 uk-core:PlantMachinery 2021-03-01 2022-02-28 07132980 uk-core:ToolsEquipment 2021-03-01 2022-02-28 07132980 uk-core:CommercialMotorVehicles 2021-03-01 2022-02-28 07132980 uk-core:FurnitureFittings 2021-03-01 2022-02-28 07132980 uk-core:Goodwill 2021-02-28 07132980 uk-core:Goodwill 2022-02-28 07132980 uk-core:Goodwill 2021-03-01 2022-02-28 07132980 uk-core:ToolsEquipment 2021-02-28 07132980 uk-core:FurnitureFittings 2021-02-28 07132980 uk-core:CommercialMotorVehicles 2021-02-28 07132980 uk-core:PlantMachinery 2021-02-28 07132980 uk-core:CommercialMotorVehicles 2022-02-28 07132980 uk-core:FurnitureFittings 2022-02-28 07132980 uk-core:ToolsEquipment 2022-02-28 07132980 uk-core:PlantMachinery 2022-02-28 07132980 uk-core:WithinOneYear 2022-02-28 07132980 uk-core:WithinOneYear 2021-02-28 07132980 uk-core:AfterOneYear uk-core:Secured 2022-02-28 07132980 uk-core:AfterOneYear uk-core:Secured 2021-02-28 iso4217:GBP xbrli:pure 07132980 uk-bus:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 07132980 uk-bus:FRS102 2021-03-01 2022-02-28 07132980 uk-bus:FullAccounts 2021-03-01 2022-02-28 07132980 uk-bus:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28

Draft

PSC Mailing Ltd

Registered Number:07132980

For the year ended 28 February 2022

England and Wales

Unaudited Financial Statements

Draft

For the year ended 28 February 2022

PSC Mailing Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Draft

Registered Number :

07132980

As at 28 February 2022

PSC Mailing Ltd

Statement of Financial Position

2021

2022

Notes

Fixed assets

Intangible assets

6,000

8,000

Property, plant and equipment

79,794

68,404

85,794

76,404

Current assets

Inventories

3,000

Trade and other receivables

146,502

153,608

254,806

Cash and cash equivalents

168,419

325,027

404,308

Trade and other payables: amounts falling due within one

year

(150,601)

(101,854)

253,707

223,173

Net current assets

Total assets less current liabilities

308,967

330,111

Trade and other payables: amounts falling due after more

than one year

(45,833)

(38,101)

270,866

Net assets

284,278

Capital and reserves

Called up share capital

Retained earnings

270,862

284,274

270,866

284,278

Shareholders' funds

For the year ended 28 February 2022 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 28 February 2022 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their 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.

Aaron Corbett Director

Elizabeth Maly Director

These financial statements were approved and authorised for issue by the Board on 10 October 2022 and were signed by:

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Draft

Registered Number :

07132980

For the year ended 28 February 2022

PSC Mailing Ltd

Statement of Financial Position Continued

The notes form part of these financial statements

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Draft

For the year ended 28 February 2022

PSC Mailing Ltd

Notes to the Financial Statements

Statutory Information

PSC Mailing Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number

07132980.

Registered address:

Unit 8 Waters Business Park

Oil Sites Road

Ellesmere Port

CH65 4FF

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

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

25% Reducing balance

33.3% Straight line

Computer equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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Draft

For the year ended 28 February 2022

PSC Mailing Ltd

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 March 2021

20,000

At 28 February 2022

20,000

Amortisation

At 01 March 2021

12,000

2,000

Charge for year

At 28 February 2022

14,000

Net book value

At 28 February 2022

6,000

At 28 February 2021

8,000

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Cost or

valuation

At 01 March 2021

212,710

4,275

5,398

203,037

34,492

24,725

9,767

Additions

At 28 February 2022

24,725

5,398

4,275

247,202

212,804

Provision for depreciation and impairment

At 01 March 2021

144,306

4,275

4,221

135,810

Charge for year

23,102

294

3,560

19,248

At 28 February 2022

167,408

4,275

4,515

3,560

155,058

At 28 February 2022

Net book value

57,746

21,165

883

79,794

At 28 February 2021

67,227

1,177

68,404

4. Inventories

2021

2022

Stocks

3,000

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Draft

For the year ended 28 February 2022

PSC Mailing Ltd

Notes to the Financial Statements Continued

5. Trade and other receivables

2021

2022

Trade debtors

137,910

126,702

Other debtors

15,698

19,800

146,502

153,608

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

2021

2022

Bank loans and overdraft

10,920

4,167

Trade creditors

61,754

90,958

Taxation and social security

25,546

55,476

Other creditors

3,634

101,854

150,601

7. Trade and other payables: amounts falling due after more than one year

2021

2022

Bank loans and overdraft

34,913

45,833

Other creditors

3,188

38,101

45,833

8. Average number of persons employed

During the year the average number of employees was 6 (2021 : 6)

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