REGISTERED NUMBER: 05286660 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

PS Mailing Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

PK Jacobs

SECRETARY:

Mrs S Jacobs

REGISTERED OFFICE:

Unit B3

South Western Business Park

Sherborne

Dorset

DT9 3PS

REGISTERED NUMBER:

05286660 (England and Wales)

ACCOUNTANTS:

Hunts Accountants

The Old Pump House

Oborne Road

Sherborne

Dorset

DT9 3RX

FIXED ASSETS

Tangible assets

4

35,291

26,559

CURRENT ASSETS

Stocks

2,800

2,500

Debtors

5

312,666

420,282

Cash at bank and in hand

235,782

316,776

551,248

739,558

CREDITORS

Amounts falling due within one year

6

274,714

431,793

NET CURRENT ASSETS

276,534

307,765

TOTAL ASSETS LESS CURRENT LIABILITIES

311,825

334,324

PROVISIONS FOR LIABILITIES

5,907

4,246

NET ASSETS

305,918

330,078

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

305,718

329,878

SHAREHOLDERS' FUNDS

305,918

330,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 Mr PK Jacobs the director on 2 May 2019 and were signed by:

PK Jacobs - Director

1.	STATUTORY INFORMATION

PS Mailing Services Limited 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.

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.

Short leasehold

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2017 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2018

23,163

117,354

22,926

7,500

170,943

Additions

-

20,497

-

-

20,497

At 31 December 2018

23,163

137,851

22,926

7,500

191,440

DEPRECIATION

At 1 January 2018

20,844

96,177

21,198

6,165

144,384

Charge for year

580

10,419

432

334

11,765

At 31 December 2018

21,424

106,596

21,630

6,499

156,149

NET BOOK VALUE

At 31 December 2018

1,739

31,255

1,296

1,001

35,291

At 31 December 2017

2,319

21,177

1,728

1,335

26,559

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

282,906

387,212

Late billed sales

5,500

15,000

Prepayments and accrued income

24,260

18,070

312,666

420,282

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Bank loans and overdrafts

5,304

3,563

Trade creditors

69,806

121,847

Tax

4,790

7,109

Social security and other taxes

2,057

1,382

VAT

14,882

36,626

Other creditors

83,382

83,461

Directors' current accounts

18,718

25,239

Accrued expenses

75,775

152,566

274,714

431,793