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REGISTERED NUMBER: 11229156 (England and Wales)















Unaudited Financial Statements

for the Year Ended

28 February 2023

for

J M Psychology Limited

J M Psychology Limited (Registered number: 11229156)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


J M Psychology Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs J MacCarthy
P MacCarthy





SECRETARY:





REGISTERED OFFICE: The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY





REGISTERED NUMBER: 11229156 (England and Wales)





ACCOUNTANTS: TF & Partners Ltd t/a Hatherlows
Chartered Accountants
The Studio, Hatherlow House
Hatherlow
Romiley
Stockport
Cheshire
SK6 3DY

J M Psychology Limited (Registered number: 11229156)

Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 374 465

CURRENT ASSETS
Debtors 6 164,906 112,760
Cash at bank 136,524 146,493
301,430 259,253
CREDITORS
Amounts falling due within one year 7 108,589 108,475
NET CURRENT ASSETS 192,841 150,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,215

151,243

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 193,213 151,241
SHAREHOLDERS' FUNDS 193,215 151,243

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 directors acknowledge their 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.

J M Psychology Limited (Registered number: 11229156)

Statement of Financial Position - 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 Board of Directors and authorised for issue on 21 June 2023 and were signed on its behalf by:




Mrs J MacCarthy - Director



P MacCarthy - Director


J M Psychology Limited (Registered number: 11229156)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

J M 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery - 10% on cost
Fixtures and fittings - 10% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

J M Psychology Limited (Registered number: 11229156)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 359 194 553
DEPRECIATION
At 1 March 2022 72 16 88
Charge for year 71 20 91
At 28 February 2023 143 36 179
NET BOOK VALUE
At 28 February 2023 216 158 374
At 28 February 2022 287 178 465

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 164,906 112,760

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 733 1
Taxation and social security 73,826 70,602
Other creditors 34,030 37,872
108,589 108,475

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mrs J MacCarthy
Balance outstanding at start of year (17,791 ) (12,888 )
Amounts advanced 61,184 -
Amounts repaid (60,000 ) (4,903 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,607 ) (17,791 )

J M Psychology Limited (Registered number: 11229156)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

P MacCarthy
Balance outstanding at start of year (19,266 ) (12,889 )
Amounts advanced 62,658 -
Amounts repaid (60,000 ) (6,377 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (16,608 ) (19,266 )

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 were paid to the directors .

10. POST BALANCE SHEET EVENTS

The financial statements were authorised for issue by the directors on 29 June 2023.

11. ULTIMATE CONTROLLING PARTY

The controlling party is the company's directors acting in concert.

The ultimate controlling party is the company's directors acting in concert.