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REGISTERED NUMBER: 08606861 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

The Personal Support Network (Teesside)
Limited

The Personal Support Network (Teesside)
Limited (Registered number: 08606861)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Personal Support Network (Teesside)
Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: D M Harrison





REGISTERED OFFICE: 45 Kings Road
North Ormesby
Middlesbrough
TS3 6NH





REGISTERED NUMBER: 08606861 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

The Personal Support Network (Teesside)
Limited (Registered number: 08606861)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,131 38,754
27,131 38,754

CURRENT ASSETS
Debtors 6 196,782 303,608
Cash at bank and in hand 43,765 57,619
240,547 361,227
CREDITORS
Amounts falling due within one year 7 172,364 246,334
NET CURRENT ASSETS 68,183 114,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,314

153,647

CREDITORS
Amounts falling due after more than one
year

8

32,699

61,275
NET ASSETS 62,615 92,372

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 62,612 92,369
SHAREHOLDERS' FUNDS 62,615 92,372

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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 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 20 May 2025 and were signed by:





D M Harrison - Director


The Personal Support Network (Teesside)
Limited (Registered number: 08606861)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

The Personal Support Network (Teesside) 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 and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer Equipment- 20% reducing balance
Fixtures & Fittings- 20% reducing balance
Motor Vehicles- 33% on cost
Improvements to Property- 10% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

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

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

The Personal Support Network (Teesside)
Limited (Registered number: 08606861)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been amortised evenly over it's estimated life of five years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 116 (2023 - 124 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 20,000 6,720 26,720
AMORTISATION
At 1 September 2023
and 31 August 2024 20,000 6,720 26,720
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 - - -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023
and 31 August 2024 46,863 14,713 2,850 975 65,401
DEPRECIATION
At 1 September 2023 16,291 8,281 1,580 495 26,647
Charge for year 9,372 1,231 948 72 11,623
At 31 August 2024 25,663 9,512 2,528 567 38,270
NET BOOK VALUE
At 31 August 2024 21,200 5,201 322 408 27,131
At 31 August 2023 30,572 6,432 1,270 480 38,754

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 168,626 285,015
Other debtors 9,170 4,129
Amount due from related party 1,437 947
Directors' current accounts 9,104 7,330
Prepayments 8,445 6,187
196,782 303,608

The Personal Support Network (Teesside)
Limited (Registered number: 08606861)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,576 26,916
Taxation 6,076 75,158
Social security and other taxes 14,776 19,198
Other creditors 40,533 40,495
Accrued expenses 82,403 84,567
172,364 246,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 32,699 61,275

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

10. FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £5,998(2023 - £33,077).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year £6,307was advanced to directors (2023 - £9,861). The directors repaid £4,533 (2023 - £4,779). Leaving an amount outstanding of £9,104 (2023 - £7,330). No interest has been charged on the loans and amounts are recoverable on demand.

12. RELATED PARTY DISCLOSURES

The amount owed by a company under common control at the year end is £1,437 (2023 - £947). This balance is free of interest with no fixed repayment terms.