The Personal Support Network (Teesside) - Accounts to registrar (filleted)

REGISTERED NUMBER: 08606861 (England and Wales)

Unaudited Financial Statements

for the Period

1 September 2024 to 31 March 2025

for

The Personal Support Network (Teesside)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D M Harrison

REGISTERED OFFICE:

45 Kings Road

North Ormesby

Middlesbrough

TS3 6NH

REGISTERED NUMBER:

08606861 (England and Wales)

ACCOUNTANTS:

Anderson Barrowcliff Limited

Chartered Accountants

3 Kingfisher Court

Bowesfield Park

Stockton on Tees

TS18 3EX

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

20,560

27,131

20,560

27,131

CURRENT ASSETS

Debtors

6

216,067

196,782

Cash at bank

53,358

43,765

269,425

240,547

CREDITORS

Amounts falling due within one year

7

174,378

172,364

NET CURRENT ASSETS

95,047

68,183

TOTAL ASSETS LESS CURRENT
LIABILITIES

115,607

95,314

CREDITORS

Amounts falling due after more than one
year

8

115,198

32,699

NET ASSETS

409

62,615

CAPITAL AND RESERVES

Called up share capital

9

3

Retained earnings

406

62,612

SHAREHOLDERS' FUNDS

409

62,615

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

The members have not required the company to obtain an audit of its financial statements for the period 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:

D M Harrison - Director

1.	STATUTORY INFORMATION

The Personal Support Network (Teesside) 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.

The presentation currency of the financial statements is the Pound Sterling and rounded to the nearest £.

There was a change in the year end date from 31 August to 31 March 2025 due to a change in ownership.

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.

The accounts have been prepared on the going concern basis.

Creditors over one year include a loan of £100,000 owed to a company owned by a director of this company. Repayment will not be sought until Personal Support Network have available funds.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Computer Equipment

- 20% reducing balance

Fixtures & Fittings

- 20% reducing balance

Motor Vehicles

- 33% on cost

Improvements to Property

- 10% on cost

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, has been amortised evenly over it's estimated life of five years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 101 (2024 - 116 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 September 2024

and 31 March 2025

20,000

6,720

26,720

AMORTISATION

At 1 September 2024

and 31 March 2025

20,000

6,720

26,720

NET BOOK VALUE

At 31 March 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

COST

At 1 September 2024

and 31 March 2025

46,863

14,713

2,850

975

65,401

DEPRECIATION

At 1 September 2024

25,663

9,512

2,528

567

38,270

Charge for period

5,491

723

322

35

6,571

At 31 March 2025

31,154

10,235

2,850

602

44,841

NET BOOK VALUE

At 31 March 2025

15,709

4,478

-

373

20,560

At 31 August 2024

21,200

5,201

322

408

27,131

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

196,734

168,626

Other debtors

7,779

9,170

Amount due from related party

-

1,437

Directors' current accounts

-

9,104

Prepayments

11,554

8,445

216,067

196,782

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

29,619

28,576

Taxation

-

6,076

Social security and other taxes

25,215

14,776

Other creditors

101,336

40,533

Accrued expenses

18,208

82,403

174,378

172,364

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans - 2-5 years

15,198

32,699

Owed to related party

100,000

-

115,198

32,699

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

3

Ordinary

£1

3

10.	FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £30,657 (2024 - £5,998).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year there were no advances to directors (2024 - £6,307). The directors repaid £9,104 (2024 - £4,533). Leaving an amount outstanding of Nil (2024 - £9,104).

12.	RELATED PARTY DISCLOSURES

The amount owed to a company under common control at the year end is £100,000 (2024 - £1,437).

This loan is interest free and there are no fixed repayment terms.