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PSYCHOLOGY SCIENCE LTD

FINANCIAL STATEMENTS FOR THE PERIOD 6TH JUNE 2022 TO 30TH JUNE 2023






PSYCHOLOGY SCIENCE LTD (REGISTERED NUMBER: 14150017)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6TH JUNE 2022 TO 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PSYCHOLOGY SCIENCE LTD

COMPANY INFORMATION
FOR THE PERIOD 6TH JUNE 2022 TO 30TH JUNE 2023







DIRECTOR: Dr R I Hughes





REGISTERED OFFICE: 2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ





REGISTERED NUMBER: 14150017 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

PSYCHOLOGY SCIENCE LTD (REGISTERED NUMBER: 14150017)

BALANCE SHEET
30TH JUNE 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 834

CURRENT ASSETS
Debtors 5 52,444
Cash at bank 3,781
56,225
CREDITORS
Amounts falling due within one year 6 16,188
NET CURRENT ASSETS 40,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,871

PROVISIONS FOR LIABILITIES 158
NET ASSETS 40,713

RESERVES
Retained earnings 40,713
40,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

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

The financial statements were approved by the director and authorised for issue on 31st August 2023 and were signed by:





Dr R I Hughes - Director


PSYCHOLOGY SCIENCE LTD (REGISTERED NUMBER: 14150017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6TH JUNE 2022 TO 30TH JUNE 2023

1. STATUTORY INFORMATION

Psychology Science Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

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 period was 1 .

PSYCHOLOGY SCIENCE LTD (REGISTERED NUMBER: 14150017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6TH JUNE 2022 TO 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
Additions 45 1,067 1,112
At 30th June 2023 45 1,067 1,112
DEPRECIATION
Charge for period 11 267 278
At 30th June 2023 11 267 278
NET BOOK VALUE
At 30th June 2023 34 800 834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 52,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 12,433
Other creditors 3,755
16,188