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Registration number: 07171138

Parkhouse Psychology Service Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Parkhouse Psychology Service Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Parkhouse Psychology Service Limited

Company Information

Directors

J C Parkhouse

P Parkhouse

Registered office

Spencer House
6 Morston Court
Weston-Super-Mare
North Somerset
BS22 8NA

Accountants

Burton Sweet Limited
Chartered Accountants and Business Advisers
Cooper House
Lower Charlton Estate
Shepton Mallet
Somerset
BA4 5QE

 

Parkhouse Psychology Service Limited

(Registration number: 07171138)
Balance Sheet
28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

4,061

4,604

Current assets

 

Debtors

5

1,977

2,331

Cash at bank and in hand

 

97,552

103,607

 

99,529

105,938

Creditors: Amounts falling due within one year

6

(21,209)

(24,048)

Net current assets

 

78,320

81,890

Net assets

 

82,381

86,494

Capital and reserves

 

Called up share capital

2

2

Retained earnings

82,379

86,492

Shareholders' funds

 

82,381

86,494

 

Parkhouse Psychology Service Limited

(Registration number: 07171138)
Balance Sheet
28 February 2023

For the financial year ending 28 February 2023 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 26 October 2023 and signed on its behalf by:
 

.........................................
P Parkhouse
Director

 

Parkhouse Psychology Service Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

1

General information

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

The address of its registered office is:
Spencer House
6 Morston Court
Weston-Super-Mare
North Somerset
BS22 8NA

These financial statements were authorised for issue by the Board on 26 October 2023.

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course 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 corporation 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.

 

Parkhouse Psychology Service Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

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

Fixtures and fittings

25% per annum reducing balance

Equipment

33% per annum straight line

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 creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Parkhouse Psychology Service Limited

Notes to the Unaudited Financial Statements
Year Ended 28 February 2023

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 March 2022

10,706

4,597

15,303

Additions

137

1,858

1,995

At 28 February 2023

10,843

6,455

17,298

Depreciation

At 1 March 2022

7,085

3,614

10,699

Charge for the year

938

1,600

2,538

At 28 February 2023

8,023

5,214

13,237

Carrying amount

At 28 February 2023

2,820

1,241

4,061

At 28 February 2022

3,621

983

4,604

5

Debtors

2023
£

2022
£

Prepayments

1,977

2,331

1,977

2,331

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

17,085

20,357

Other creditors

4,124

3,691

21,209

24,048