Registered number
10989846
Association of Core Process Psychotherapists
Filleted Accounts
31 March 2023
Association of Core Process Psychotherapists
Registered number: 10989846
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 330 738
Cash at bank and in hand 84,996 67,270
85,326 68,008
Creditors: amounts falling due within one year 4 (26,790) (23,227)
Net current assets 58,536 44,781
Net assets 58,536 44,781
Capital and reserves
Membership reserves 37,781 24,502
Contingency reserve 7,000 7,000
Profit and loss account 13,755 13,279
Shareholders' funds 58,536 44,781
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Davids
Director
Approved by the board on 16 September 2023
Association of Core Process Psychotherapists
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2023 2022
£ £
Other debtors 330 738
4 Creditors: amounts falling due within one year 2023 2022
£ £
Deferred income 14,453 13,165
Bursary fund 600 601
Other creditors 11,737 9,461
26,790 23,227
5 Control
The company is under the control of its members.
6 Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
7 Reserves
The contingency reserve in the accounts has been created to provide funds for future events that may occur.
8 Other information
Association of Core Process Psychotherapists registered office is:
9 High Street
Wellington
Somerset
TA21 8QT
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