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Registration number: 08434593

J. J. Ashcroft, Clinical Psychology Services Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

J. J. Ashcroft, Clinical Psychology Services Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

J. J. Ashcroft, Clinical Psychology Services Ltd

(Registration number: 08434593)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

           

Fixed assets

   

 

Tangible assets

4

 

8,220

 

8,135

Other financial assets

5

 

114,701

 

95,790

   

122,921

 

103,925

Current assets

   

 

Debtors

6

7,595

 

7,830

 

Cash at bank and in hand

 

15,899

 

16,862

 

 

23,494

 

24,692

 

Creditors: Amounts falling due within one year

7

(29,068)

 

(6,659)

 

Net current (liabilities)/assets

   

(5,574)

 

18,033

Net assets

   

117,347

 

121,958

Capital and reserves

   

 

Called up share capital

8

100

 

100

 

Profit and loss account

117,247

 

121,858

 

Shareholders' funds

   

117,347

 

121,958

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 August 2022 and signed on its behalf by:
 

 

J. J. Ashcroft, Clinical Psychology Services Ltd

(Registration number: 08434593)
Balance Sheet as at 31 March 2022

.........................................
Dr J J Ashcroft
Director

 

J. J. Ashcroft, Clinical Psychology Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
55 Hoghton Street
Southport
Merseyside
PR9 0PG
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentational currency is GBP and no level of rounding has been used in presenting the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

J. J. Ashcroft, Clinical Psychology Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment and furniture

15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

J. J. Ashcroft, Clinical Psychology Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2021 - 1).

 

J. J. Ashcroft, Clinical Psychology Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2021

17,371

17,371

Additions

4,378

4,378

Disposals

(7,460)

(7,460)

At 31 March 2022

14,289

14,289

Depreciation

At 1 April 2021

9,236

9,236

Charge for the year

1,451

1,451

Eliminated on disposal

(4,618)

(4,618)

At 31 March 2022

6,069

6,069

Carrying amount

At 31 March 2022

8,220

8,220

At 31 March 2021

8,135

8,135

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2021

95,790

95,790

Fair value adjustments

2,495

2,495

Additions

16,416

16,416

At 31 March 2022

114,701

114,701

Impairment

Carrying amount

At 31 March 2022

114,701

114,701

 

J. J. Ashcroft, Clinical Psychology Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

6

Debtors

Current

Note

2022
£

2021
£

Trade debtors

 

6,799

4,178

Amounts owed by related parties

-

2,476

Prepayments

 

177

177

Other debtors

 

619

999

   

7,595

7,830

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Trade creditors

 

140

-

Amounts owed to related parties

9,888

-

Taxation and social security

 

1,308

187

Other creditors

 

17,732

6,472

 

29,068

6,659

8

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100