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REGISTERED NUMBER: 09948057 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

PSW Healthcare Limited

PSW Healthcare Limited (Registered number: 09948057)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PSW Healthcare Limited

Company Information
for the year ended 31 January 2024







DIRECTORS: Dr P S Wilkhu
Dr K K Wilkhu





REGISTERED OFFICE: 3 Waterside Drive
Langley
Berkshire
SL3 6EZ





REGISTERED NUMBER: 09948057 (England and Wales)





ACCOUNTANTS: Business Ledger Limited
Chartered Certified Accountants
3 Waterside Drive
Langley
Berkshire
SL3 6EZ

PSW Healthcare Limited (Registered number: 09948057)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 268,708 289,378
Tangible assets 5 29,012 18,590
297,720 307,968

CURRENT ASSETS
Debtors 6 37,725 20,300
Cash at bank and in hand 70,766 18,524
108,491 38,824
CREDITORS
Amounts falling due within one year 7 92,554 66,136
NET CURRENT ASSETS/(LIABILITIES) 15,937 (27,312 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,657

280,656

CREDITORS
Amounts falling due after more than one
year

8

214,647

241,603
NET ASSETS 99,010 39,053

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 98,910 38,953
99,010 39,053

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

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

The directors acknowledge their 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.

PSW Healthcare Limited (Registered number: 09948057)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:




Dr P S Wilkhu - Director



Dr K K Wilkhu - Director


PSW Healthcare Limited (Registered number: 09948057)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

PSW Healthcare 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of twenty years.

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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

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.

PSW Healthcare Limited (Registered number: 09948057)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 413,398
AMORTISATION
At 1 February 2023 124,020
Charge for year 20,670
At 31 January 2024 144,690
NET BOOK VALUE
At 31 January 2024 268,708
At 31 January 2023 289,378

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 42,202
Additions 13,211
At 31 January 2024 55,413
DEPRECIATION
At 1 February 2023 23,612
Charge for year 2,789
At 31 January 2024 26,401
NET BOOK VALUE
At 31 January 2024 29,012
At 31 January 2023 18,590

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 37,725 20,300

PSW Healthcare Limited (Registered number: 09948057)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 32,256 33,133
Trade creditors 6,758 5,482
Taxation and social security 32,468 22,225
Other creditors 21,072 5,296
92,554 66,136

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 214,647 241,603

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 73,679 100,635