Company Registration No. 11224669 (England and Wales)
Physical Mind London Limited
Unaudited accounts
for the year ended 31 March 2024
Physical Mind London Limited
Statement of financial position
as at 31 March 2024
Called up share capital not paid
100
100
Intangible assets
33,550
-
Cash at bank and in hand
197,923
485
Creditors: amounts falling due within one year
(426,931)
(12,997)
Net current (liabilities)/assets
(85,537)
14,288
Total assets less current liabilities
201,353
14,388
Creditors: amounts falling due after more than one year
(193,848)
(1,680)
Called up share capital
100
100
Profit and loss account
7,405
12,608
Shareholders' funds
7,505
12,708
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 14 August 2026 and were signed on its behalf by
Mr J Kennett
Director
Company Registration No. 11224669
Physical Mind London Limited
Notes to the Accounts
for the year ended 31 March 2024
Physical Mind London Limited is a private company, limited by shares, registered in England and Wales, registration number 11224669. The registered office is ANTROBUS HOUSE, 18 COLLEGE STREET, PETERSFIELD, GU31 4AD, ENGLAND.
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.
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:
Fixtures & fittings
4 years
Computer equipment
4 years
Intangible fixed assets (including patents) are included at cost less accumulated amortisation.
Government and other grants
Government and other grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other
Physical Mind London Limited
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
267,691
13,284
280,975
At 31 March 2024
267,691
13,284
280,975
Charge for the year
26,995
740
27,735
At 31 March 2024
26,995
740
27,735
At 31 March 2024
240,696
12,544
253,240
Amounts falling due within one year
Amounts due from group undertakings etc.
-
26,800
Amounts falling due after more than one year
Amounts due from group undertakings etc.
25,540
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
520
2,957
Other creditors
1,680
5,040
Loans from directors
40,828
-
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
50,010
1,680
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).