| HMPSYCH. LIMITED |
| Registered number: |
04489099 |
| Balance Sheet |
| as at 31 July 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
54,839 |
|
|
1,118,920 |
| Investments |
4 |
|
|
1,107,476 |
|
|
50 |
|
|
|
|
1,162,315 |
|
|
1,118,970 |
|
| Current assets |
| Debtors |
5 |
|
43,875 |
|
|
17,000 |
| Cash at bank and in hand |
|
|
46,098 |
|
|
76,951 |
|
|
|
89,973 |
|
|
93,951 |
|
| Creditors: amounts falling due within one year |
6 |
|
(51,649) |
|
|
(41,512) |
|
| Net current assets |
|
|
|
38,324 |
|
|
52,439 |
|
| Total assets less current liabilities |
|
|
|
1,200,639 |
|
|
1,171,409 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(318,212) |
|
|
(313,193) |
|
| Provisions for liabilities |
|
|
|
(9,857) |
|
|
(11,346) |
|
|
| Net assets |
|
|
|
872,570 |
|
|
846,870 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
102 |
|
|
102 |
| Profit and loss account |
|
|
|
872,468 |
|
|
846,768 |
|
| Shareholders' funds |
|
|
|
872,570 |
|
|
846,870 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Dr H Moosa |
| Director |
| Approved by the board on 19 November 2021 |
|
| HMPSYCH. LIMITED |
| Notes to the Accounts |
| for the year ended 31 July 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
0% |
|
Leasehold land and buildings |
over the lease term |
|
Motor vehicles |
over 10 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 August 2020 |
1,059,202 |
|
5,239 |
|
74,940 |
|
1,139,381 |
|
Additions |
48,224 |
|
- |
|
- |
|
48,224 |
|
Reclassified as investments |
(1,107,426) |
|
- |
|
- |
|
(1,107,426) |
|
At 31 July 2021 |
- |
|
5,239 |
|
74,940 |
|
80,179 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2020 |
- |
|
5,239 |
|
15,222 |
|
20,461 |
|
Charge for the year |
- |
|
- |
|
4,879 |
|
4,879 |
|
At 31 July 2021 |
- |
|
5,239 |
|
20,101 |
|
25,340 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2021 |
- |
|
- |
|
54,839 |
|
54,839 |
|
At 31 July 2020 |
1,059,202 |
|
- |
|
59,718 |
|
1,118,920 |
|
|
| 4 |
Investments |
|
| Other |
| investments |
| £ |
|
Cost |
|
At 1 August 2020 |
50 |
|
Reclassified from fixed assets |
1,107,426 |
|
|
At 31 July 2021 |
1,107,476 |
|
|
| 5 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
17,000 |
|
Other debtors |
43,875 |
|
- |
|
|
|
|
|
|
43,875 |
|
17,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Bank loans and overdrafts |
30,781 |
|
21,600 |
|
Taxation and social security costs |
17,061 |
|
13,288 |
|
Other creditors |
3,807 |
|
6,624 |
|
|
|
|
|
|
51,649 |
|
41,512 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Bank loans |
288,879 |
|
266,260 |
|
Obligations under finance lease and hire purchase contracts |
29,333 |
|
46,933 |
|
|
|
|
|
|
318,212 |
|
313,193 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2021 |
|
2020 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
274,660 |
|
287,860 |
|
|
|
|
|
|
|
|
|
|
The loans are secured by fixed and floating charges on the company assets |
|
|
| 9 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Dr Haroon Moosa |
|
Unsecured loan |
- |
|
43,875 |
|
- |
|
43,875 |
|
Interest is charged on the loan at HMRC rates |
|
|
- |
|
43,875 |
|
- |
|
43,875 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Other information |
|
|
HMPSYCH. LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Thornycroft |
|
Meins Road |
|
Blackburn |
|
Lancashire |
|
BB2 6QQ |
