Company Registration No. 04059157 (England and Wales)
PSV Healthcare Limited
Unaudited accounts
for the year ended 31 December 2024
PSV Healthcare Limited
Unaudited accounts
Contents
PSV Healthcare Limited
Company Information
for the year ended 31 December 2024
Directors
Swarn Suri
Vishal Suri
Company Number
04059157 (England and Wales)
Registered Office
Unit 10 Adrienne Business Centre
Adrienne Avenue
Southall
UB1 2FJ
Accountants
Daniel Consultancy
Morritt House
54-60 Station Approach
South Ruislip
Ruislip
HA4 6SA
PSV Healthcare Limited
Statement of financial position
as at 31 December 2024
Intangible assets
3,261
4,660
Tangible assets
1,071,854
1,074,964
Inventories
542,992
370,348
Cash at bank and in hand
39,467
127,586
Creditors: amounts falling due within one year
(234,353)
(206,581)
Net current assets
438,910
435,639
Total assets less current liabilities
1,514,025
1,515,263
Creditors: amounts falling due after more than one year
(601,457)
(672,552)
Provisions for liabilities
Deferred tax
(33,011)
(33,011)
Net assets
879,557
809,700
Called up share capital
5,000
5,000
Revaluation reserve
295,702
295,702
Profit and loss account
578,855
508,998
Shareholders' funds
879,557
809,700
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2025 and were signed on its behalf by
Vishal Suri
Director
Company Registration No. 04059157
PSV Healthcare Limited
Notes to the Accounts
for the year ended 31 December 2024
PSV Healthcare Limited is a private company, limited by shares, registered in England and Wales, registration number 04059157. The registered office is Unit 10 Adrienne Business Centre, Adrienne Avenue, Southall, UB1 2FJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Reducing balance
Fixtures & fittings
5% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
PSV Healthcare Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Goodwill
At 31 December 2024
27,975
At 31 December 2024
24,714
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2024
990,300
143,098
1,133,398
At 31 December 2024
990,300
144,280
1,134,580
At 1 January 2024
-
58,434
58,434
Charge for the year
-
4,292
4,292
At 31 December 2024
-
62,726
62,726
At 31 December 2024
990,300
81,554
1,071,854
At 31 December 2023
990,300
84,664
1,074,964
Amounts falling due within one year
Accrued income and prepayments
7,685
8,106
Other debtors
83,000
124,130
PSV Healthcare Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
48,426
52,926
Trade creditors
129,053
127,276
Taxes and social security
29,621
8,715
Other creditors
16,551
1,026
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
586,950
660,427
Loans from directors
14,507
12,125
9
Deferred taxation
2024
2023
Accelerated capital allowances
33,011
33,011
Provision at start of year
33,011
33,011
Provision at end of year
33,011
33,011
10
Transactions with related parties
At the reporting date, PSV Realty Limited owed the company £83,000 (2023 - £83,000)
11
Average number of employees
During the year the average number of employees was 7 (2023: 5).