Trent Psychological Therapy Services Ltd - Accounts to registrar (filleted)

TRENT PSYCHOLOGICAL THERAPY SERVICES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Krysiak

Mrs N G Krysiak

B J Krysiak

REGISTERED OFFICE:

Anderson House

Clinton Avenue

Nottingham

Nottinghamshire

NG5 1AW

REGISTERED NUMBER:

05117697 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Sixth Floor

Cavendish Building

1 Agard Street

Derby

Derbyshire

DE1 1DZ

FIXED ASSETS

Tangible assets

4

-

137,965

CURRENT ASSETS

Debtors

5

153,206

1,341,636

Cash at bank

958,690

767,886

1,111,896

2,109,522

CREDITORS

Amounts falling due within one year

6

99,766

1,137,114

NET CURRENT ASSETS

1,012,130

972,408

TOTAL ASSETS LESS CURRENT LIABILITIES

1,012,130

1,110,373

PROVISIONS FOR LIABILITIES

8

-

(252,865

)

PENSION ASSET

136,000

735,000

NET ASSETS

1,148,130

1,592,508

CAPITAL AND RESERVES

Called up share capital

9

120

Retained earnings

1,148,010

1,592,388

SHAREHOLDERS' FUNDS

1,148,130

1,592,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2026 and were signed on its behalf by:

B J Krysiak - Director

1.	STATUTORY INFORMATION

Trent Psychological Therapy Services Ltd 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.

The company opted to decline to bid in the tender process for the Derby and Derbyshire Talking Therapies contract which ended on 30 June 2025 despite being an incumbent provider. This contract represented the vast majority of the company's income and activity, with all staff employed by the organisation focused on the delivery of this service. The directors have since been undertaking a controlled wind up, with forecasts showing enough working capital to manage all liabilities prior to liquidating the company. The company is currently engaging with actuaries with the aim of completing a buy out of a defined benefit pension scheme it holds. This represents the most significant contingent liability at present and a significant amount of company's assets shown in the accounts relate to the performance of this pension scheme despite the funds being inaccessible. As the company is looking at a controlled wind up, this pension scheme will need to be settled and closed. This process is nearing the end stage, with the company is aiming to complete this transaction in Q3 2026-27. For these reasons, the company has not adopted the going concern policy in preparing its financial statements. Due to the controlled nature of the wind up, the directors do not deem it necessary to make any further adjustments in relation to the non-going concern basis of preparation.

Turnover

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 service contracts is recognised when the case is complete, as this is the point that such turnover can be reliably estimated.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined benefit scheme for the benefit of its employees. A surplus for the plan assets is recognised net of the liability for the company's obligations under the plan. The net change in the net defined benefit surplus is recognised as the cost of the defined benefit plan during the period. Pension plan assets are measured at fair value and the defined benefit obligation is measured on an actuarial basis using the projected unit method. Actuarial valuations are obtained at least triennially and are updated at each balance sheet date.

The company also operates a defined contribution pension scheme. Contributions payable to this scheme are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2025 - 117 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

COST

At 1 April 2025

332,556

93,165

213,395

528,601

1,167,717

Disposals

(332,556

)

(93,165

)

(213,395

)

(528,601

)

(1,167,717

)

At 31 March 2026

-

DEPRECIATION

At 1 April 2025

282,794

73,840

199,393

473,725

1,029,752

Charge for year

2,489

1,208

875

3,429

8,001

Eliminated on disposal

(285,283

)

(75,048

)

(200,268

)

(477,154

)

(1,037,753

)

At 31 March 2026

-

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

49,762

19,325

14,002

54,876

137,965

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

-

1,240,017

Other debtors

153,206

101,619

153,206

1,341,636

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

927

12,770

Taxation and social security

73,401

444,440

Other creditors

25,438

679,904

99,766

1,137,114

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

Within one year

-

48,298

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

-

19,700

Provision - onerous contracts

-

233,165

-

252,865

Deferred

Onerous

tax

contracts

£

Balance at 1 April 2025

19,700

233,165

Provided during year

(19,700

)

(233,165

)

Balance at 31 March 2026

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

120

Ordinary

£1.00

120

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, £150,036 (2025: £20,525) was due from directors of the company. During the financial year, £132,010 (2025: £30,591) was advanced to directors. Repayments were made in the financial year of £2,499 (2025: £4,383). Overdrawn amounts are subject to interest at the HMRC approved rates, other amounts are interest-free. All amounts are repayable on demand.