COMPANY REGISTRATION NUMBER:
08262231
THRIVE PSYCHOLOGY SERVICES LTD. |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
THRIVE PSYCHOLOGY SERVICES LTD. |
|
Year ended 31 October 2022
Notes to the financial statements |
2 to 3 |
|
|
THRIVE PSYCHOLOGY SERVICES LTD. |
|
31 October 2022
CURRENT ASSETS
Debtors |
4 |
– |
2,297 |
Cash at bank and in hand |
4,292 |
2,578 |
|
------- |
------- |
|
4,292 |
4,875 |
|
|
|
|
CREDITORS: amounts falling due within one year |
5 |
(
16,915) |
(
14,851) |
|
-------- |
-------- |
NET CURRENT LIABILITIES |
(
12,623) |
(
9,976) |
|
-------- |
------- |
TOTAL ASSETS LESS CURRENT LIABILITIES |
(
12,623) |
(
9,976) |
|
-------- |
------- |
NET LIABILITIES |
(
12,623) |
(
9,976) |
|
-------- |
------- |
|
|
|
|
CAPITAL AND RESERVES
Called up share capital |
2 |
2 |
Profit and loss account |
(
12,625) |
(
9,978) |
|
-------- |
------- |
SHAREHOLDERS FUNDS |
(
12,623) |
(
9,976) |
|
-------- |
------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 October 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 financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
2 October 2023
, and are signed on behalf of the board by:
Dr S J O'Shaughnessy |
Mr D O'Shaughnessy |
Director |
Director |
|
|
Company registration number:
08262231
THRIVE PSYCHOLOGY SERVICES LTD. |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
Year ended 31 October 2022
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The principal place of business is 1 Woodbine Gardens, Newport Road, Magor, Caldicot, NP26 3EZ.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Going concern
The accounts show that the company had net liabilities of £12,623 at the balance sheet date. The company has been able to continue due to the support of the directors. They have confirmed that they will continue to support the company for at least the next twelve months and therefore the accounts have been prepared on a going concern basis.
Turnover
The turnover shown in the profit and loss account is derived from ordinary activities and represents the value of psychological services provided in the financial year, exclusive of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
DEBTORS
|
2022 |
2021 |
|
£ |
£ |
Other debtors |
– |
2,297 |
|
---- |
------- |
|
|
|
5.
CREDITORS:
amounts falling due within one year
|
2022 |
2021 |
|
£ |
£ |
Other creditors |
16,915 |
14,851 |
|
-------- |
-------- |
|
|
|
6.
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
Included within creditors is a balance of £15,408 (2021 - £14,238) due to a director. This balance is interest free and repayable on demand.