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REGISTERED NUMBER: 08292317 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Real World Psychology Limited

Real World Psychology Limited (Registered number: 08292317)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Real World Psychology Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Dr C Small





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton-on-Tees
Cleveland
TS18 3SH





REGISTERED NUMBER: 08292317 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Real World Psychology Limited (Registered number: 08292317)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,248 4,504
Investments 6 100 100
3,348 4,604

CURRENT ASSETS
Stocks 5,000 -
Debtors 7 7,819 11,402
Cash at bank 5,794 13,733
18,613 25,135
CREDITORS
Amounts falling due within one year 8 21,224 18,281
NET CURRENT (LIABILITIES)/ASSETS (2,611 ) 6,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

737

11,458

PROVISIONS FOR LIABILITIES 617 856
NET ASSETS 120 10,602

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 20 10,502
SHAREHOLDERS' FUNDS 120 10,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Real World Psychology Limited (Registered number: 08292317)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





Dr C Small - Director


Real World Psychology Limited (Registered number: 08292317)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Real World 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.

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.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 1 (2022 - 1 ) .

Real World Psychology Limited (Registered number: 08292317)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 24,186
AMORTISATION
At 1 April 2022
and 31 March 2023 24,186
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 16,568
Additions 1,422
At 31 March 2023 17,990
DEPRECIATION
At 1 April 2022 12,064
Charge for year 2,678
At 31 March 2023 14,742
NET BOOK VALUE
At 31 March 2023 3,248
At 31 March 2022 4,504

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

Real World Psychology Limited (Registered number: 08292317)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,819 8,159
Other debtors - 3,243
7,819 11,402

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 305 1,090
Amounts owed to group undertakings 408 3,824
Taxation and social security 20,425 13,367
Other creditors 86 -
21,224 18,281

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Dr C Small
Balance outstanding at start of year 3,244 (1,940 )
Amounts advanced - 10,386
Amounts repaid (3,244 ) (5,202 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,244

No interest has been charged on the above loan.