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REGISTERED NUMBER: 08678313 (England and Wales)















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: Dr Pir Mahroof Shah





REGISTERED OFFICE: 2 Belstone Close
Kings Heath
Birmingham
West Midlands
B14 6UB





REGISTERED NUMBER: 08678313 (England and Wales)

PS HEALTHCARE LIMITED (REGISTERED NUMBER: 08678313)

BALANCE SHEET
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,697 3,849

CURRENT ASSETS
Debtors 5 393,027 380,946
Cash at bank and in hand 13,412 24,223
406,439 405,169
CREDITORS
Amounts falling due within one year 6 23,648 17,198
NET CURRENT ASSETS 382,791 387,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,488

391,820

CREDITORS
Amounts falling due after more than one year 7 (10,982 ) (16,972 )

PENSION LIABILITY (161,000 ) (151,000 )
NET ASSETS 212,506 223,848

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 212,504 223,846
212,506 223,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

PS HEALTHCARE LIMITED (REGISTERED NUMBER: 08678313)

BALANCE SHEET - continued
30 September 2024


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 23 July 2025 and were signed by:





Dr Pir Mahroof Shah - Director


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 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.

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.

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 & Fittings20% Reducing balance basis
Computer Equipments25% 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 3 (2023 - 3 ) .

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 11,458 740 12,198
Disposals (3,848 ) (740 ) (4,588 )
At 30 September 2024 7,610 - 7,610
DEPRECIATION
At 1 October 2023 7,921 428 8,349
Charge for year 425 - 425
Eliminated on disposal (2,433 ) (428 ) (2,861 )
At 30 September 2024 5,913 - 5,913
NET BOOK VALUE
At 30 September 2024 1,697 - 1,697
At 30 September 2023 3,537 312 3,849

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 5,639
Other debtors 393,027 375,307
393,027 380,946

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 19,803 11,347
Other creditors 3,845 5,851
23,648 17,198

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 10,982 16,972

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