IRIS Accounts Production v24.2.0.383 06272741 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh062727412023-03-31062727412024-03-31062727412023-04-012024-03-31062727412022-03-31062727412022-04-012023-03-31062727412023-03-3106272741ns15:EnglandWales2023-04-012024-03-3106272741ns14:PoundSterling2023-04-012024-03-3106272741ns10:Director12023-04-012024-03-3106272741ns10:CompanyLimitedByGuarantee2023-04-012024-03-3106272741ns10:SmallEntities2023-04-012024-03-3106272741ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3106272741ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3106272741ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106272741ns10:FullAccounts2023-04-012024-03-3106272741ns10:Director22023-04-012024-03-3106272741ns10:RegisteredOffice2023-04-012024-03-3106272741ns5:CurrentFinancialInstruments2024-03-3106272741ns5:CurrentFinancialInstruments2023-03-3106272741ns5:RetainedEarningsAccumulatedLosses2024-03-3106272741ns5:RetainedEarningsAccumulatedLosses2023-03-3106272741ns5:LeaseholdImprovements2023-04-012024-03-3106272741ns5:FurnitureFittings2023-04-012024-03-3106272741ns5:ComputerEquipment2023-04-012024-03-3106272741ns5:LeaseholdImprovements2023-03-3106272741ns5:FurnitureFittings2023-03-3106272741ns5:ComputerEquipment2023-03-3106272741ns5:LeaseholdImprovements2024-03-3106272741ns5:FurnitureFittings2024-03-3106272741ns5:ComputerEquipment2024-03-3106272741ns5:LeaseholdImprovements2023-03-3106272741ns5:FurnitureFittings2023-03-3106272741ns5:ComputerEquipment2023-03-3106272741ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106272741ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 06272741 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PARTNERS IN SUPPORT LIMITED

PARTNERS IN SUPPORT LIMITED (REGISTERED NUMBER: 06272741)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PARTNERS IN SUPPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M J Nicholas
Ms C Finnigan





REGISTERED OFFICE: 11 Meadway Court
Rutherford Close
Stevenage
Hertfordshire
SG1 2EF





REGISTERED NUMBER: 06272741 (England and Wales)





ACCOUNTANTS: Barker Wilkinson Limited
19-21 Middle Row
Stevenage
Hertfordshire
SG1 3AW

PARTNERS IN SUPPORT LIMITED (REGISTERED NUMBER: 06272741)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,389 18,532

CURRENT ASSETS
Debtors 5 416,018 98,994
Cash at bank and in hand 165,770 148,804
581,788 247,798
CREDITORS
Amounts falling due within one year 6 276,249 103,805
NET CURRENT ASSETS 305,539 143,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,928

162,525

RESERVES
Income and expenditure account 312,928 162,525
312,928 162,525

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





M J Nicholas - Director


PARTNERS IN SUPPORT LIMITED (REGISTERED NUMBER: 06272741)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Partners in Support Limited is a private company, limited by guarantee , 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. They have not identified any material uncertainties or risks related to events or conditions that could cast significant doubt about the company's ability to continue as a going concern and therefore the financial statements for the year ended 31st March 2024 have been prepared using the going concern basis of accounting.

Significant judgements and estimates
In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Turnover
Turnover represents net invoiced fees for services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

PARTNERS IN SUPPORT LIMITED (REGISTERED NUMBER: 06272741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The directors consider all financial instruments to be basic financial instruments in accordance with paragraph 11 of FRS102. All basic financial instruments including trade and other debtors, cash and cash equivalents, and trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost.

Trade and other receivables and payables

Trade and other receivables and payables are measured at amortised cost which approximates to fair value given the short term nature of these assets and liabilities.

Trade receivables are valued at original invoice amount less an allowance for potentially un-collectable debts. Provision is made where there is objective evidence to suggest that the company will not be in a position to collect receivables as they fall due. Bad and Doubtful debts are written off in the profit and loss account on identification.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances held for the purposes of meeting short-term cash commitments.

Interest Bearing Borrowings

Interest bearing borrowings are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, interest bearing borrowings are stated at amortised cost using the effective interest rate method, less any impairment losses.

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 155 (2023 - 154 ) .

PARTNERS IN SUPPORT LIMITED (REGISTERED NUMBER: 06272741)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 7,377 5,920 70,699 83,996
Additions - - 2,419 2,419
At 31 March 2024 7,377 5,920 73,118 86,415
DEPRECIATION
At 1 April 2023 7,377 3,417 54,670 65,464
Charge for year - 1,106 12,456 13,562
At 31 March 2024 7,377 4,523 67,126 79,026
NET BOOK VALUE
At 31 March 2024 - 1,397 5,992 7,389
At 31 March 2023 - 2,503 16,029 18,532

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 341,046 61,518
Other debtors 46,085 21,354
Prepayments 28,887 16,122
416,018 98,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 779 2,954
Tax 746 159
Social security and other taxes 92,523 67,797
Other creditors 178,759 14,996
Credit card 688 761
Accrued expenses 2,754 17,138
276,249 103,805

7. LIABILITY OF MEMBERS

The company is limited by guarantee without a share capital. In the event of the company being wound up, each member is liable to contribute for payment of the debts and liabilities of the company such amounts as may be required, but not exceeding £1.