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REGISTERED NUMBER: 07966920 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

PICKERING PSYCHOLOGY SERVICES LIMITED

PICKERING PSYCHOLOGY SERVICES LIMITED (REGISTERED NUMBER: 07966920)

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


PICKERING PSYCHOLOGY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Dr L R Pickering





REGISTERED OFFICE: Regency Court
62-66 Deansgate
Manchester
M3 2EN





REGISTERED NUMBER: 07966920 (England and Wales)





ACCOUNTANTS: Sedulo Accountants Limited
Chartered Certified Accountants
62-66 Deansgate
Manchester
M3 2EN

PICKERING PSYCHOLOGY SERVICES LIMITED (REGISTERED NUMBER: 07966920)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,223 59,869
48,223 59,869

CURRENT ASSETS
Debtors 6 236,888 202,041
Cash at bank 47,859 45,974
284,747 248,015
CREDITORS
Amounts falling due within one year 7 304,845 248,593
NET CURRENT LIABILITIES (20,098 ) (578 )
TOTAL ASSETS LESS CURRENT LIABILITIES 28,125 59,291

CREDITORS
Amounts falling due after more than one
year

8

(31,206

)

(42,292

)

PROVISIONS FOR LIABILITIES (11,338 ) (11,338 )
NET (LIABILITIES)/ASSETS (14,419 ) 5,661

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (14,519 ) 5,561
(14,419 ) 5,661

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 her 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.

PICKERING PSYCHOLOGY SERVICES LIMITED (REGISTERED NUMBER: 07966920)

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 6 November 2023 and were signed by:





Dr L R Pickering - Director


PICKERING PSYCHOLOGY SERVICES LIMITED (REGISTERED NUMBER: 07966920)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Pickering Psychology Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 33% on cost, 25% on cost and 20% on reducing balance

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.

PICKERING PSYCHOLOGY SERVICES LIMITED (REGISTERED NUMBER: 07966920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

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.

Going concern
At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 93,000
AMORTISATION
At 1 March 2022
and 28 February 2023 93,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

PICKERING PSYCHOLOGY SERVICES LIMITED (REGISTERED NUMBER: 07966920)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 116,984
Additions 990
At 28 February 2023 117,974
DEPRECIATION
At 1 March 2022 57,115
Charge for year 12,636
At 28 February 2023 69,751
NET BOOK VALUE
At 28 February 2023 48,223
At 28 February 2022 59,869

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 118,247 84,117
Other debtors 118,641 117,924
236,888 202,041

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 12,501 12,958
Trade creditors 124,575 78,583
Taxation and social security 166,013 155,376
Other creditors 1,756 1,676
304,845 248,593

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 31,206 42,292

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is a loan owing from the director to the company for £89,231 (2022: £89,000).

This is chargeable at the official rate of interest and has no fixed repayment terms.