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REGISTERED NUMBER: 08708861 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th June 2022

for

CORE PSYCHOLOGY LIMITED

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)






Contents of the Financial Statements
for the Year Ended 30th June 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CORE PSYCHOLOGY LIMITED

Company Information
for the Year Ended 30th June 2022







DIRECTORS: Mrs R J Cliff
Dr P J Cliff





REGISTERED OFFICE: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





REGISTERED NUMBER: 08708861 (England and Wales)





ACCOUNTANTS: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

Abridged Balance Sheet
30th June 2022

30/6/22 30/6/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,482 -
Tangible assets 5 47,893 65,529
71,375 65,529

CURRENT ASSETS
Debtors 252,612 121,106
Cash at bank and in hand 1,671 1,671
254,283 122,777
CREDITORS
Amounts falling due within one year 85,694 55,229
NET CURRENT ASSETS 168,589 67,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

239,964

133,077

CREDITORS
Amounts falling due after more than one
year

6

(249,909

)

(177,663

)

PROVISIONS FOR LIABILITIES (7,432 ) (7,852 )
NET LIABILITIES (17,377 ) (52,438 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (17,378 ) (52,439 )
SHAREHOLDERS' FUNDS (17,377 ) (52,438 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 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.

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

Abridged Balance Sheet - continued
30th June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th June 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2023 and were signed on its behalf by:





Dr P J Cliff - Director


CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

Notes to the Financial Statements
for the Year Ended 30th June 2022

1. STATUTORY INFORMATION

Core Psychology Limited 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 accounts have been prepared under the going concern basis of accounting. At the balance sheet date the company's liabilities exceeded its assets by £52,438. The directors have confirmed that they will continue to support the company as required.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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.

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2022

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 24,500
At 30th June 2022 24,500
AMORTISATION
Amortisation for year 1,018
At 30th June 2022 1,018
NET BOOK VALUE

At 30th June 2022 23,482

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2021
and 30th June 2022 104,370
DEPRECIATION
At 1st July 2021 38,841
Charge for year 17,636
At 30th June 2022 56,477
NET BOOK VALUE
At 30th June 2022 47,893
At 30th June 2021 65,529

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1st July 2021
and 30th June 2022 36,000
DEPRECIATION
At 1st July 2021 3,713
Charge for year 6,054
At 30th June 2022 9,767
NET BOOK VALUE
At 30th June 2022 26,233
At 30th June 2021 32,287

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/6/22 30/6/21
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 5,000 -

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2022 and 30th June 2021:

30/6/22 30/6/21
£    £   
Dr P J Cliff
Balance outstanding at start of year 78,361 29,327
Amounts advanced 99,823 78,361
Amounts repaid (64,756 ) (29,327 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 113,428 78,361

Interest is charged at a rate of 2.5% per annum upto Apr-22 and 2% per annum thereafter. The loan is repayable on demand.