IRIS Accounts Production v24.1.9.2 07849724 director 1.3.23 31.3.24 31.3.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078497242023-02-28078497242024-03-31078497242023-03-012024-03-31078497242022-02-28078497242022-03-012023-02-28078497242023-02-2807849724ns15:EnglandWales2023-03-012024-03-3107849724ns14:PoundSterling2023-03-012024-03-3107849724ns10:Director12023-03-012024-03-3107849724ns10:PrivateLimitedCompanyLtd2023-03-012024-03-3107849724ns10:SmallEntities2023-03-012024-03-3107849724ns10:AuditExempt-NoAccountantsReport2023-03-012024-03-3107849724ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-03-3107849724ns10:SmallCompaniesRegimeForAccounts2023-03-012024-03-3107849724ns10:FullAccounts2023-03-012024-03-310784972412023-03-012024-03-3107849724ns10:RegisteredOffice2023-03-012024-03-3107849724ns5:CurrentFinancialInstruments2024-03-3107849724ns5:CurrentFinancialInstruments2023-02-2807849724ns5:ShareCapital2024-03-3107849724ns5:ShareCapital2023-02-2807849724ns5:CapitalRedemptionReserve2024-03-3107849724ns5:CapitalRedemptionReserve2023-02-2807849724ns5:RetainedEarningsAccumulatedLosses2024-03-3107849724ns5:RetainedEarningsAccumulatedLosses2023-02-2807849724ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-03-3107849724ns5:ComputerEquipment2023-03-012024-03-3107849724ns5:NetGoodwill2023-02-2807849724ns5:NetGoodwill2024-03-3107849724ns5:NetGoodwill2023-02-2807849724ns5:ComputerEquipment2023-02-2807849724ns5:ComputerEquipment2024-03-3107849724ns5:ComputerEquipment2023-02-2807849724ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3107849724ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-28
REGISTERED NUMBER: 07849724 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024

FOR

THE PSYCHIATRISTS LIMITED

THE PSYCHIATRISTS LIMITED (REGISTERED NUMBER: 07849724)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE PSYCHIATRISTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024







DIRECTOR: Dr G J Roberts





REGISTERED OFFICE: Farlyn House Gaters Mill
Mansbridge Road
West End
Southampton
Hampshire
SO18 3HW





REGISTERED NUMBER: 07849724 (England and Wales)






THE PSYCHIATRISTS LIMITED (REGISTERED NUMBER: 07849724)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,311 10,713
9,311 10,713

CURRENT ASSETS
Debtors 6 20,228 37,123
Cash at bank 43,693 37,478
63,921 74,601
CREDITORS
Amounts falling due within one year 7 35,245 29,570
NET CURRENT ASSETS 28,676 45,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,987

55,744

PROVISIONS FOR LIABILITIES 1,770 2,000
NET ASSETS 36,217 53,744

CAPITAL AND RESERVES
Called up share capital 8 2 2
Capital redemption reserve 1 1
Retained earnings 36,214 53,741
36,217 53,744

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 1 July 2024 and were signed by:





Dr G J Roberts - Director


THE PSYCHIATRISTS LIMITED (REGISTERED NUMBER: 07849724)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

The Psychiatrists 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
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% straight line

All fixed assets are initially recorded at cost.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

THE PSYCHIATRISTS LIMITED (REGISTERED NUMBER: 07849724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 31 March 2024 350,000
AMORTISATION
At 1 March 2023
and 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023 19,559
Additions 3,319
At 31 March 2024 22,878
DEPRECIATION
At 1 March 2023 8,846
Charge for period 4,721
At 31 March 2024 13,567
NET BOOK VALUE
At 31 March 2024 9,311
At 28 February 2023 10,713

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 20,228 21,104
Other debtors - 16,019
20,228 37,123

THE PSYCHIATRISTS LIMITED (REGISTERED NUMBER: 07849724)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,548 8,016
Taxation and social security 23,049 21,382
Other creditors 2,648 172
35,245 29,570

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class Nominal 2024
value: £
100 Ordinary A £0.01 1.00
80 Ordinary B £0.01 0.80
1 Ordinary C £0.01 0.01
20 Ordinary D £0.01 0.20
1 Ordinary E £0.01 0.01
2.02