IRIS Accounts Production v25.4.0.155 04587541 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045875412024-03-31045875412025-03-31045875412024-04-012025-03-31045875412023-03-31045875412023-04-012024-03-31045875412024-03-3104587541ns15:EnglandWales2024-04-012025-03-3104587541ns14:PoundSterling2024-04-012025-03-3104587541ns10:Director12024-04-012025-03-3104587541ns10:Director22024-04-012025-03-3104587541ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3104587541ns10:SmallEntities2024-04-012025-03-3104587541ns10:AuditExemptWithAccountantsReport2024-04-012025-03-3104587541ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3104587541ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3104587541ns10:FullAccounts2024-04-012025-03-3104587541ns10:OrdinaryShareClass12024-04-012025-03-3104587541ns10:CompanySecretary12024-04-012025-03-3104587541ns10:RegisteredOffice2024-04-012025-03-3104587541ns5:CurrentFinancialInstruments2025-03-3104587541ns5:CurrentFinancialInstruments2024-03-3104587541ns5:ShareCapital2025-03-3104587541ns5:ShareCapital2024-03-3104587541ns5:RetainedEarningsAccumulatedLosses2025-03-3104587541ns5:RetainedEarningsAccumulatedLosses2024-03-3104587541ns5:FurnitureFittings2024-04-012025-03-3104587541ns5:MotorVehicles2024-04-012025-03-3104587541ns5:ComputerEquipment2024-04-012025-03-3104587541ns5:FurnitureFittings2024-03-3104587541ns5:MotorVehicles2024-03-3104587541ns5:ComputerEquipment2024-03-3104587541ns5:FurnitureFittings2025-03-3104587541ns5:MotorVehicles2025-03-3104587541ns5:ComputerEquipment2025-03-3104587541ns5:FurnitureFittings2024-03-3104587541ns5:MotorVehicles2024-03-3104587541ns5:ComputerEquipment2024-03-3104587541ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3104587541ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3104587541ns10:OrdinaryShareClass12025-03-3104587541ns5:RetainedEarningsAccumulatedLosses2024-03-3104587541ns5:RetainedEarningsAccumulatedLosses2024-04-012025-03-3104587541ns10:Director222024-03-3104587541ns10:Director222023-03-3104587541ns10:Director222024-04-012025-03-3104587541ns10:Director222023-04-012024-03-3104587541ns10:Director222025-03-3104587541ns10:Director222024-03-31
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED
MGR Paris Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL








THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED (REGISTERED NUMBER: 04587541)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Accountants' Report 7

THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: S Proietti
C Palmer





SECRETARY: S Proietti





REGISTERED OFFICE: Midloe Grange
Rectory Lane
Southoe
Cambridgeshire
PE19 5YD





REGISTERED NUMBER: 04587541 (England and Wales)





ACCOUNTANTS: MGR Paris Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL
Page 1
THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED (REGISTERED NUMBER: 04587541)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 13,651 9,647

CURRENT ASSETS
Debtors 5 409,930 563,514
Cash at bank 301,120 126,315
711,050 689,829
CREDITORS
Amounts falling due within one year 6 (439,372 ) (463,068 )
NET CURRENT ASSETS 271,678 226,761
TOTAL ASSETS LESS CURRENT LIABILITIES 285,329 236,408

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 285,327 236,406
SHAREHOLDERS' FUNDS 285,329 236,408

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 directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED (REGISTERED NUMBER: 04587541)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025


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 Board of Directors and authorised for issue on 6 January 2026 and were signed on its behalf by:




S Proietti - Director



C Palmer - Director


The notes form part of these financial statements

Page 3
THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED (REGISTERED NUMBER: 04587541)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

The Psychology Service Personal Injury 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 (£).


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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction and where material are subsequently measured at amortised cost using the effective interest method, less any impairment

Impairment of financial assets
Financial assets, other than those held at fair value are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occured after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in the Statement of Total Comprehensive Income.

Derecognition of financial assets
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire, or when it transfers the financial asset and substantially all the risks and rewards of ownership to another entity.

Basic financial liabilities
Basic financial liabilities, including trade and other payables and loans from company undertakings that are classified as debt are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payables are classified as current liabilities if a payment is due within one year or less. If not, they are presented as non current liabilities. Short term creditors are initially recognised at transaction price and where material are subsequently measured at amortised cost using the effective interest method.


Page 4 continued...
THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED (REGISTERED NUMBER: 04587541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

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.

Cash and cash equivalent
Cash and cash equivalent include cash in hand, deposits held at call with banks, other short term liquid investments with original maturities of three months or less.

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. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 1,729 9,869 6,008 17,606
Additions 7,175 - 4,537 11,712
Disposals (336 ) - - (336 )
At 31 March 2025 8,568 9,869 10,545 28,982
DEPRECIATION
At 1 April 2024 778 4,318 2,863 7,959
Charge for year 2,812 1,388 3,172 7,372
At 31 March 2025 3,590 5,706 6,035 15,331
NET BOOK VALUE
At 31 March 2025 4,978 4,163 4,510 13,651
At 31 March 2024 951 5,551 3,145 9,647

Page 5 continued...
THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED (REGISTERED NUMBER: 04587541)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 268,684 379,903
Other debtors 141,246 183,611
409,930 563,514

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 216,668 231,527
Taxation and social security 84,839 83,321
Other creditors 137,865 148,220
439,372 463,068

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
2 Ordinary 1 2 2

8. RESERVES
Retained
earnings
£   

At 1 April 2024 236,406
Profit for the year 61,971
Dividends (13,050 )
At 31 March 2025 285,327

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.25 31.3.24
£    £   
C Palmer
Balance outstanding at start of year - -
Amounts advanced 216 -
Amounts repaid (939 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (723 ) -

Page 6
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
THE PSYCHOLOGY SERVICE PERSONAL INJURY
LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Psychology Service Personal Injury Limited for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Psychology Service Personal Injury Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Psychology Service Personal Injury Limited and state those matters that we have agreed to state to the Board of Directors of The Psychology Service Personal Injury Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Psychology Service Personal Injury Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Psychology Service Personal Injury Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Psychology Service Personal Injury Limited. You consider that The Psychology Service Personal Injury Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Psychology Service Personal Injury Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






MGR Paris Limited
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL


6 January 2026

This page does not form part of the statutory financial statements

Page 7