| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| PS HEALTHCARE LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| FOR |
| PS HEALTHCARE LIMITED |
| PS HEALTHCARE LIMITED (REGISTERED NUMBER: 08678313) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PS HEALTHCARE LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 September 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| PS HEALTHCARE LIMITED (REGISTERED NUMBER: 08678313) |
| BALANCE SHEET |
| 30 September 2024 |
| 30.9.24 | 30.9.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PENSION LIABILITY | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| PS HEALTHCARE LIMITED (REGISTERED NUMBER: 08678313) |
| BALANCE SHEET - continued |
| 30 September 2024 |
| The financial statements were approved by the director and authorised for issue on |
| PS HEALTHCARE LIMITED (REGISTERED NUMBER: 08678313) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 September 2024 |
| 1. | STATUTORY INFORMATION |
| PS Healthcare Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures & Fittings | 20% Reducing balance basis |
| Computer Equipments | 25% Reducing balance basis |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Pension costs and other post-retirement benefits |
| Provisions |
| Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation. |
| Pensions |
| For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries. |
| Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income. |
| Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PS HEALTHCARE LIMITED (REGISTERED NUMBER: 08678313) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2023 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Bank loans |
| 8. | RELATED PARTY DISCLOSURES |
| As at year end Pir Estates Limited owes a balance of £343,406 (2023: £288,656 ) to PS Healthcare Limited as a result of Inter Co. transactions. |
| PS HEALTHCARE LIMITED (REGISTERED NUMBER: 08678313) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 September 2024 |
| 9. | PENSION COSTS |
| Employer Pension Obligations |
| The Company has agreed to fund a defined benefit pension scheme in respect of key employees. The most recent actuarial valuation of the obligations of £161,000 (2023 - £151,000) was on 30/09/2024. During the year the expense incurred was £8,000 (2023 £9,000). |
| The principal assumptions used are: |
| - Discount rate – 5.2% |
| - Inflation RPI – 3.1% |
| - Inflation CPI – 2.6% |
| - Pre and Post Retirement mortality – S4PMA tables with improvements in the CMI 2023 model and a long term rate of improvement of 1% |
| 2024 | 2023 |
| Present value of defined benefit obligations | £161,000 | £151,000 |
| Fair value of scheme assets | £0 | £0 |
| Liability recognised in the balance sheet | £161,000 | £161,000 |
| Movements in the present value of the defined benefit obligations were as follows: |
| 2024 |
| At the beginning of the year | £151,000 |
| Current Service Cost | £0 |
| Interest cost | £8,000 |
| Actuarial losses | £2,000 |
| At the end of the year | £161,000 |