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REGISTERED NUMBER: 13199984 (England and Wales)







Unaudited Financial Statements

for the Year Ended 28 February 2023

for

PSYCHOLOGICAL NEUROSCIENCE LTD

PSYCHOLOGICAL NEUROSCIENCE LTD (REGISTERED NUMBER: 13199984)






Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountant 7

PSYCHOLOGICAL NEUROSCIENCE LTD

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Dr D Okai





SECRETARY:





REGISTERED OFFICE: 42 Agnes Road
Acton
London
W3 7RF





REGISTERED NUMBER: 13199984 (England and Wales)





ACCOUNTANT: O A George & Co
Chartered Certified Accountants
and Statutory Auditors
104 New Cross Road
New Cross
London
SE14 5BA

PSYCHOLOGICAL NEUROSCIENCE LTD (REGISTERED NUMBER: 13199984)

Balance Sheet
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,441 45,743

CURRENT ASSETS
Debtors 5 4,147 22,734
Cash at bank 25,344 14,303
29,491 37,037
CREDITORS
Amounts falling due within one year 6 22,846 40,913
NET CURRENT ASSETS/(LIABILITIES) 6,645 (3,876 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,086

41,867

CREDITORS
Amounts falling due after more than one
year

7

26,792

31,487
NET ASSETS 18,294 10,380

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 18,293 10,379
SHAREHOLDERS' FUNDS 18,294 10,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

PSYCHOLOGICAL NEUROSCIENCE LTD (REGISTERED NUMBER: 13199984)

Balance Sheet - continued
28 FEBRUARY 2023


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 16 October 2023 and were signed by:





Dr D Okai - Director


PSYCHOLOGICAL NEUROSCIENCE LTD (REGISTERED NUMBER: 13199984)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

PSYCHOLOGICAL NEUROSCIENCE 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
Computer - 20% on Cost
Motor Vehicle - 20% on Cost
Fixtures & fittings - 20% on Cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

PSYCHOLOGICAL NEUROSCIENCE LTD (REGISTERED NUMBER: 13199984)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 57,179
Additions 10,762
Disposals (7,460 )
At 28 February 2023 60,481
DEPRECIATION
At 1 March 2022 11,436
Charge for year 12,096
Eliminated on disposal (1,492 )
At 28 February 2023 22,040
NET BOOK VALUE
At 28 February 2023 38,441
At 28 February 2022 45,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 22,734
Other debtors 4,147 -
4,147 22,734

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 6,223 6,223
Trade creditors 5,423 11,109
Taxation and social security 5,727 -
Other creditors 5,473 23,581
22,846 40,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 26,792 31,487

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1 Ordinary Shares £1 1 1

PSYCHOLOGICAL NEUROSCIENCE LTD (REGISTERED NUMBER: 13199984)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

9. RESERVES
Retained
earnings
£   

At 1 March 2022 10,379
Profit for the year 31,914
Dividends (24,000 )
At 28 February 2023 18,293

PSYCHOLOGICAL NEUROSCIENCE LTD

Report of the Accountant to the Director of
PSYCHOLOGICAL NEUROSCIENCE LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.






O A George & Co
Chartered Certified Accountants
and Statutory Auditors
104 New Cross Road
New Cross
London
SE14 5BA


24 October 2023