| HMPSYCH. LIMITED |
| Registered number: |
04489099 |
| Balance Sheet |
| as at 31 July 2018 |
|
| Notes |
|
|
2018 |
|
|
2017 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,018,853 |
|
|
975,652 |
|
| Current assets |
| Debtors |
4 |
|
1,187 |
|
|
- |
| Cash at bank and in hand |
|
|
102,535 |
|
|
153,815 |
|
|
|
103,722 |
|
|
153,815 |
|
| Creditors: amounts falling due within one year |
5 |
|
(47,718) |
|
|
(53,168) |
|
| Net current assets |
|
|
|
56,004 |
|
|
100,647 |
|
| Total assets less current liabilities |
|
|
|
1,074,857 |
|
|
1,076,299 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(289,737) |
|
|
(314,464) |
|
|
|
| Net assets |
|
|
|
785,120 |
|
|
761,835 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
102 |
|
|
100 |
| Profit and loss account |
|
|
|
785,018 |
|
|
761,735 |
|
| Shareholders' funds |
|
|
|
785,120 |
|
|
761,835 |
|
|
|
|
|
|
|
|
| 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 10 December 2018 |
|
| HMPSYCH. LIMITED |
| Notes to the Accounts |
| for the year ended 31 July 2018 |
|
|
| 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 rendering of services. |
|
|
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 |
|
Plant and machinery |
over 5 years |
|
Motor vehicles |
over 5 years |
|
|
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 and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
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. |
|
| 2 |
Employees |
2018 |
|
2017 |
| 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 2017 |
967,783 |
|
5,239 |
|
16,150 |
|
989,172 |
|
Additions |
45,864 |
|
- |
|
- |
|
45,864 |
|
At 31 July 2018 |
1,013,647 |
|
5,239 |
|
16,150 |
|
1,035,036 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2017 |
- |
|
1,946 |
|
11,574 |
|
13,520 |
|
Charge for the year |
- |
|
1,048 |
|
1,615 |
|
2,663 |
|
At 31 July 2018 |
- |
|
2,994 |
|
13,189 |
|
16,183 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2018 |
1,013,647 |
|
2,245 |
|
2,961 |
|
1,018,853 |
|
At 31 July 2017 |
967,783 |
|
3,293 |
|
4,576 |
|
975,652 |
|
|
| 4 |
Debtors |
2018 |
|
2017 |
| £ |
£ |
|
|
Other debtors |
1,187 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans and overdrafts |
35,043 |
|
35,043 |
|
Taxation and social security costs |
11,312 |
|
13,716 |
|
Other creditors |
1,363 |
|
4,409 |
|
|
|
|
|
|
47,718 |
|
53,168 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2018 |
|
2017 |
| £ |
£ |
|
|
Bank loans |
289,737 |
|
314,464 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2018 |
|
2017 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
324,780 |
|
349,507 |
|
|
|
|
|
|
|
|
|
|
The loans are secured by way of legal charge on company assets |
|
|
| 8 |
Other information |
|
|
HMPSYCH. LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Meins Road |
|
Thornycroft |
|
Blackburn |
|
Lancashire |
|
BB2 6QQ |
