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Registration number: 04078655

In-Pulse Medical Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

In-Pulse Medical Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

In-Pulse Medical Services Limited

Company Information

Directors

Mr SS Palmer-Jezard

Mr DR Palmer-Jezard

Registered office

Maria House
35 Millers Road
Brighton
BN1 5NP

Accountants

Chisnall Comer Ismail & Co
Chartered AccountantsMaria House
35 Millers Road
Brighton
BN1 5NP

 

In-Pulse Medical Services Limited

(Registration number: 04078655)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

557,529

802,786

Current assets

 

Debtors

5

277,227

364,442

Cash at bank and in hand

 

302,383

581,347

 

579,610

945,789

Creditors: Amounts falling due within one year

6

(269,349)

(398,912)

Net current assets

 

310,261

546,877

Total assets less current liabilities

 

867,790

1,349,663

Creditors: Amounts falling due after more than one year

6

(5,491)

(17,597)

Provisions for liabilities

(136,873)

(197,155)

Net assets

 

725,426

1,134,911

Capital and reserves

 

Called up share capital

10

200

200

Retained earnings

725,226

1,134,711

Shareholders' funds

 

725,426

1,134,911

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

In-Pulse Medical Services Limited

(Registration number: 04078655)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 15 May 2025 and signed on its behalf by:



 

.........................................

Mr SS Palmer-Jezard

Director

 

In-Pulse Medical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

In-Pulse Medical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% Reducing Balance

Plant & Machinery

25% Reducing Balance

Motor Vehicles

25% Reducing Balance

Computer Equipment

25% Reducing Balance

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

In-Pulse Medical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2023 - 44).

 

In-Pulse Medical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

10,036

249,598

1,023,064

463,897

1,746,595

Disposals

-

-

(346,794)

-

(346,794)

At 31 December 2024

10,036

249,598

676,270

463,897

1,399,801

Depreciation

At 1 January 2024

-

104,037

639,818

199,954

943,809

Charge for the year

-

37,622

80,533

65,986

184,141

Eliminated on disposal

-

-

(285,678)

-

(285,678)

At 31 December 2024

-

141,659

434,673

265,940

842,272

Carrying amount

At 31 December 2024

10,036

107,939

241,597

197,957

557,529

At 31 December 2023

10,036

145,561

383,246

263,943

802,786

Included within the net book value of land and buildings above is £10,036 (2023 - £10,036) in respect of freehold land and buildings.
 

 

In-Pulse Medical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Debtors

Current

2024
£

2023
£

Trade debtors

225,669

297,568

Prepayments

40,927

57,146

Other debtors

10,631

9,728

 

277,227

364,442

 

In-Pulse Medical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

19,449

24,852

Trade creditors

 

32,529

18,561

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

249

134,690

Taxation and social security

 

140,492

133,712

Accruals and deferred income

 

15,987

11,843

Other creditors

 

60,643

75,254

 

269,349

398,912

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

5,491

17,597

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Hire purchase contracts

5,491

17,597

Current loans and borrowings

2024
£

2023
£

Hire purchase contracts

19,449

24,852

8

Dividends

2024

2023

£

£

Interim dividend of £6,010.00 (2023 - £5,760.00) per ordinary share

601,000

576,000

 

 
 

In-Pulse Medical Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Related party transactions

Summary of transactions with parent

South East Ambulance Limited
A company in which Mr S Palmer-Jezard and Mr D R Palmer-Jezard are also directors.

Amount due to related party at the balance sheet date amounted to £249 (2023: £134,690).

During the year there were transactions between the companies of £4,200 (2023: Nil).

10

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

A Ordinary of £1 each

100

100

100

100

200

200

200

200