PROFESSIONAL SERVICES HEALTH CARE LTD

Company Registration Number:
15063815 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 10 August 2023

End date: 31 August 2024

PROFESSIONAL SERVICES HEALTH CARE LTD

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

PROFESSIONAL SERVICES HEALTH CARE LTD

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Additional information

Director's Declaration Statement I Augustine Sebastian, being the director of Professional Services Health Care Ltd, confirm that The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small The company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the financial year in accordance with sectio The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting reco Approved by the board on behalf of the company on 31 August 2024. Signed Augustine Sebastian



Directors

The director shown below has held office during the whole of the period from
10 August 2023 to 31 August 2024

AUGUSTINE SEBASTIAN


Secretary Tsungi Gumbas

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 May 2025

And signed on behalf of the board by:
Name: AUGUSTINE SEBASTIAN
Status: Director

PROFESSIONAL SERVICES HEALTH CARE LTD

Balance sheet

As at 31 August 2024

Notes 13 months to 31 August 2024


£
Called up share capital not paid: 0
Fixed assets
Tangible assets: 3 39,700
Total fixed assets: 39,700
Current assets
Cash at bank and in hand: 8,266
Total current assets: 8,266
Net current assets (liabilities): 8,266
Total assets less current liabilities: 47,966
Total net assets (liabilities): 47,966
Capital and reserves
Called up share capital: 1
Profit and loss account: 47,965
Total Shareholders' funds: 47,966

The notes form part of these financial statements

PROFESSIONAL SERVICES HEALTH CARE LTD

Balance sheet statements

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 May 2025
and signed on behalf of the board by:

Name: AUGUSTINE SEBASTIAN
Status: Director

The notes form part of these financial statements

PROFESSIONAL SERVICES HEALTH CARE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover Recognition Policy This policy outlines the approach adopted by Professional Services Health Care Ltd for the recognition of turnover in its financial statements in accordance with Section 1A of FRS 102. 1. Basis of Preparation The turnover policy has been prepared in accordance with the principles of the accruals concept and revenue recognition as set out in Section 1A of Financial Reporting Standard 102 (FRS 102). 2. Definition of Turnover Turnover represents the total invoiced value of services rendered to customers, excluding value-added tax (VAT) and other indirect taxes. 3. Timing of Revenue Recognition Revenue is recognised when the following conditions are met: The amount of revenue can be measured reliably; It is probable that the economic benefits associated with the transaction will flow to the company; The stage of completion of the transaction at the end of the reporting period can be measured reliably; The costs incurred for the transaction and the costs to complete the transaction can be measured reliably. 4. Invoicing and Revenue Recording The company invoices clients on a monthly basis upon delivery of agreed care and professional services. Revenue is recognised in the accounting period in which the services are provided, not when cash is received. 5. Deferred Income Where payments are received in advance for services to be rendered in future periods, such income is deferred and recognised as revenue in the relevant accounting period. 6. Review of Policy This turnover recognition policy is reviewed annually or as required to ensure compliance with applicable financial reporting standards.

    Tangible fixed assets depreciation policy

    Tangible Fixed Assets Depreciation Policy This policy outlines the approach adopted by Professional Services Health Care Ltd for the depreciation of tangible fixed assets in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102). 1. Basis of Preparation This depreciation policy has been prepared in accordance with the accruals basis of accounting and the historical cost convention. It aligns with the principles of FRS 102 Section 1A, applicable to small companies. 2. Definition of Tangible Fixed Assets Tangible fixed assets are physical items owned by the company that are expected to provide economic benefits over a period exceeding one year. This includes vehicles, computers, office equipment, and other physical assets. 3. Depreciation Method Depreciation is charged to write off the cost of tangible fixed assets, less their estimated residual values, over their estimated useful economic lives. The straight-line method of depreciation is used unless another method is more appropriate. 4. Asset Categories and Useful Lives The company depreciates tangible fixed assets over the following useful lives: Vehicles: 5 years Office Equipment (including computers and printers): 3 years Fixtures and Fittings: 4 years 5. Capitalisation Threshold Assets costing less than £100 are not capitalised but are expensed in the period incurred. All assets equal to or exceeding this threshold are capitalised and depreciated. 6. Residual Values The residual values of all assets, and their useful lives, are reviewed at each balance sheet date and adjusted if appropriate. 7. Review of Policy This depreciation policy is reviewed annually or whenever there is a significant change in the company's operations or the expected usage of tangible fixed assets.

    Intangible fixed assets amortisation policy

    Intangible Fixed Assets Amortisation Policy This policy outlines the approach adopted by Professional Services Health Care Ltd for the amortisation of intangible fixed assets in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102). 1. Basis of Preparation This amortisation policy has been prepared in accordance with the accruals basis of accounting and the historical cost convention. It aligns with the principles of FRS 102 Section 1A, applicable to small companies. 2. Definition of Intangible Fixed Assets Intangible fixed assets are non-physical assets that are identifiable and provide economic benefits to the company over more than one financial period. Examples include software licenses, trademarks, copyrights, and goodwill. 3. Amortisation Method Amortisation is the systematic allocation of the depreciable amount of an intangible asset over its useful life. The straight-line method is used to amortise intangible assets unless another method better reflects the pattern in which the asset’s future economic benefits are expected to be consumed by the company. 4. Estimated Useful Lives The company applies the following estimated useful lives to intangible assets: Software Licences: 3 to 5 years Trademarks and Brand Names: 5 to 10 years (or period of legal protection) Website Development Costs: 3 years Goodwill: Not amortised but reviewed annually for impairment 5. Impairment Review Intangible assets with indefinite useful lives are not amortised but are tested for impairment at least annually. Other intangible assets are reviewed for indicators of impairment at each balance sheet date. 6. Capitalisation Threshold Expenditure on intangible items is only recognised as an intangible asset if it meets the recognition criteria. Expenditures below £100 or with no measurable economic benefit are expensed as incurred. 7. Review of Policy This amortisation policy is reviewed annually to ensure it remains appropriate and compliant with relevant financial reporting standards.

    Valuation information and policy

    Valuation and General Accounting Policies 1. Valuation Policy Professional Services Health Care Ltd values its assets and liabilities in accordance with the historical cost convention, unless otherwise stated. Revaluation is considered only where required by applicable financial reporting standards or where fair value is materially different from the carrying value and can be reliably measured. No revaluation of fixed assets has been carried out for the reporting period ended 31 August 2024. All tangible and intangible fixed assets are stated at cost less accumulated depreciation or amortisation and impairment losses.

    Other accounting policies

    2. Accruals Policy The company prepares its financial statements under the accruals basis of accounting. This means that income and expenses are recognised when they are earned or incurred, not when cash is received or paid. 3. Going Concern The financial statements have been prepared on a going concern basis. The directors have reviewed the company’s financial position and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future. 4. Capitalisation Policy Items of expenditure are capitalised as fixed assets when they are expected to be used for more than one accounting period, and the cost exceeds £100. All other expenditures are treated as revenue expenditure and charged to the profit and loss account in the period incurred. 5. Revenue Recognition Revenue is recognised in accordance with the company's Turnover Recognition Policy, which complies with the requirements of Section 1A of FRS 102. 6. Use of Estimates and Judgements The preparation of financial statements requires management to make estimates and judgements that affect the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates. The main areas of estimation relate to depreciation rates, useful economic lives of assets, and provisions for impairment.

PROFESSIONAL SERVICES HEALTH CARE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    13 months to 31 August 2024
    Average number of employees during the period 1

PROFESSIONAL SERVICES HEALTH CARE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 6,700 33,000 39,700
Disposals
Revaluations
Transfers
At 31 August 2024 6,700 33,000 39,700
Depreciation
Charge for year
On disposals
Other adjustments
At 31 August 2024
Net book value
At 31 August 2024 6,700 33,000 39,700

PROFESSIONAL SERVICES HEALTH CARE LTD

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Financial Commitments

Note on Financial Commitments This note outlines the financial commitments of Professional Services Health Care Ltd as at 31 August 2024, in accordance with Section 1A of FRS 102. 1. Operating Lease Commitments At the balance sheet date, the company had the following future minimum lease payment under non-cancellable operating leases: Office rental commitments (12-month lease): £1,200.00 per month Total outstanding lease commitment: £0.00 (as lease expires by end of accounting period) 2. Capital Commitments There were no capital commitments authorised or contracted for at 31 August 2024. 3. Contingent Liabilities The company had no contingent liabilities as at the balance sheet date. 4. Other Financial Commitments There were no other material contractual obligations or financial commitments not otherwise disclosed in the accounts.