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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 2022

England and Wales

Unaudited Financial Statements

Registered Number :

09305305

As at 30 November 2022

PSUK Communications Ltd

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

3,568

3,883

3,568

3,883

Current assets

Trade and other receivables

16,000

10,427

5,590

Cash and cash equivalents

10,188

20,615

21,590

Trade and other payables: amounts falling due within one

year

(22,878)

(13,446)

(1,288)

7,169

Net current assets

Total assets less current liabilities

10,737

2,595

10,737

Net assets

2,595

Capital and reserves

Called up share capital

Retained earnings

10,727

2,585

10,737

2,595

Shareholders' funds

For the year ended 30 November 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 30 November 2022 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 20 September 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 30 November 2022

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:

12 Berwick Close

Warwick

Warwickshire

CV32 5UF

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 2022

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 2021

9,785

8,885

900

863

Additions

At 30 November 2022

900

9,748

10,648

Provision for depreciation and impairment

At 01 December 2021

5,902

5,191

711

Charge for year

1,178

1,140

At 30 November 2022

7,080

6,331

749

At 30 November 2022

Net book value

151

3,417

3,568

At 30 November 2021

189

3,694

3,883

3. Trade and other receivables

2021

2022

Taxation and social security

427

Other debtors

10,000

16,000

10,427

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

2021

2022

Taxation and social security

12,221

16,208

Accruals and deferred income

1,026

1,013

Directors' loan accounts

199

5,657

13,446

22,878

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 the sum of £34,280 (2021:

£57,700).

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For the year ended 30 November 2022

PSUK Communications Ltd

Notes to the Financial Statements Continued

6. Directors advances and guarantees

At 01/12/2021

Repaid

At 30/11/2022

Louis Wearden

Loan Advance - Interest Free

10,000

16,000

6,000

10,000

16,000

6,000

7. Average number of persons employed

During the year the average number of employees was 2 (2021 : 2)

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