REGISTERED NUMBER: 04151017 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Psychiatric Medical Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

63,129

9,738

CURRENT ASSETS

Debtors

5

1,339,975

1,474,025

Cash at bank

12,093

134,775

1,352,068

1,608,800

CREDITORS

Amounts falling due within one year

6

680,374

936,369

NET CURRENT ASSETS

671,694

672,431

TOTAL ASSETS LESS CURRENT LIABILITIES

734,823

682,169

CREDITORS

Amounts falling due after more than one year

7

(97,685

)

(92,925

)

PROVISIONS FOR LIABILITIES

8

(11,995

)

(343

)

NET ASSETS

625,143

588,901

CAPITAL AND RESERVES

Called up share capital

9

5

2

Retained earnings

625,138

588,899

SHAREHOLDERS' FUNDS

625,143

588,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 December 2025 and were signed by:

Dr I J Martin - Director

1.	STATUTORY INFORMATION

Psychiatric Medical Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04151017

Registered office:

C/o Echo Tax, SPACES Manchester

Peter House

Oxford Street

Manchester

M1 5AN

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 and fittings

-

25% on cost

Motor vehicles

-

15% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Other loans

Other loans are covered by the Directors' personal guarantee.

Assets held under hire purchase agreements

The net obligations under finance leases and hire purchase contracts are secured against the assets to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 April 2024

10,189

31,740

41,929

Additions

-

78,329

78,329

Disposals

(3,312

)

(31,740

)

(35,052

)

At 31 March 2025

6,877

78,329

85,206

DEPRECIATION

At 1 April 2024

8,386

23,805

32,191

Charge for year

1,337

15,666

17,003

Eliminated on disposal

(3,312

)

(23,805

)

(27,117

)

At 31 March 2025

6,411

15,666

22,077

NET BOOK VALUE

At 31 March 2025

466

62,663

63,129

At 31 March 2024

1,803

7,935

9,738

Included within the net book value of £63,129 is £62,663 relating to assets held under hire purchase agreements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

26,930

11,870

Other debtors

-

18,000

S455 Recoverable

277,446

310,530

Directors' current accounts

1,035,599

1,133,625

1,339,975

1,474,025

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other loans

138,907

57,238

Hire purchase contracts

10,270

1,401

Tax

399,577

563,562

S455 Payable

127,660

310,530

Social security and other taxes

960

1,114

Accrued expenses

3,000

2,524

680,374

936,369

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - 1-2 years

47,015

92,925

Hire purchase contracts

50,670

-

97,685

92,925

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

11,995

343

Deferred

tax

£

Balance at 1 April 2024

343

Provided during year

11,652

Balance at 31 March 2025

11,995

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary A

o1

2

2

1

Ordinary B

o1

1

-

(31.3.24 - NIL)

1

Ordinary C

o1

1

-

(31.3.24 - NIL)

1

Ordinary D

o1

1

-

(31.3.24 - NIL)

5

2

Allotted and issued:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1

Share capital 2

o1

1

-

(31.3.24 - NIL)

1

Share capital 3

o1

1

-

(31.3.24 - NIL)

1

Share capital 4

o1

1

-

(31.3.24 - NIL)

3

-

The following shares were issued during the year for cash at par :

1 Ordinary B share of o1

1 Ordinary C share of o1

1 Ordinary D share of o1

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Dr I J Martin and Mrs J T Martin

Balance outstanding at start of year

1,133,625

874,586

Amounts advanced

557,535

625,325

Amounts repaid

(655,561

)

(366,286

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

1,035,599

1,133,625

The loan is repayable on demand and interest of £22,788.26 was charged at the official HMRC rate of 2.25% during the year.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr I J Martin.