Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseThe company's principal activity is that of psychotherapy services and training.11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09413560 2022-04-01 2023-03-31 09413560 2021-04-01 2022-03-31 09413560 2023-03-31 09413560 2022-03-31 09413560 c:CompanySecretary1 2022-04-01 2023-03-31 09413560 c:Director1 2022-04-01 2023-03-31 09413560 c:Director2 2022-04-01 2023-03-31 09413560 c:RegisteredOffice 2022-04-01 2023-03-31 09413560 d:FurnitureFittings 2022-04-01 2023-03-31 09413560 d:FurnitureFittings 2023-03-31 09413560 d:FurnitureFittings 2022-03-31 09413560 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09413560 d:CurrentFinancialInstruments 2023-03-31 09413560 d:CurrentFinancialInstruments 2022-03-31 09413560 d:Non-currentFinancialInstruments 2023-03-31 09413560 d:Non-currentFinancialInstruments 2022-03-31 09413560 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09413560 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09413560 d:ShareCapital 2023-03-31 09413560 d:ShareCapital 2022-03-31 09413560 d:RetainedEarningsAccumulatedLosses 2023-03-31 09413560 d:RetainedEarningsAccumulatedLosses 2022-03-31 09413560 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 09413560 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 09413560 c:FRS102 2022-04-01 2023-03-31 09413560 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09413560 c:FullAccounts 2022-04-01 2023-03-31 09413560 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09413560 2 2022-04-01 2023-03-31 09413560 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09413560










EMDR FOCUS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
EMDR FOCUS LIMITED
 
 
COMPANY INFORMATION


Directors
Mark Brayne 
Jutta Brayne 




Company secretary
Mark Brayne



Registered number
09413560



Registered office
12 Church Street

Cromer

Norfolk

NR27 9ER





 
EMDR FOCUS LIMITED
 

CONTENTS



Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 11


 
EMDR FOCUS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF EMDR FOCUS LIMITED
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of EMDR Focus Limited for the year ended 31 March 2023 which comprise the balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the board of directors of EMDR Focus Limited, as a body, in accordance with the terms of our engagement letter dated October 2023Our work has been undertaken solely to prepare for your approval the financial statements of EMDR Focus Limited  and state those matters that we have agreed to state to the board of directors of EMDR Focus Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than EMDR Focus Limited and its board of directors, as a body, for our work or for this report. 

It is your duty to ensure that EMDR Focus Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of EMDR Focus Limited. You consider that EMDR Focus Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of EMDR Focus Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



M+A Partners LLP
 
Chartered Accountants
  
12 Church Street
Cromer
Norfolk
NR27 9ER
 
Date: 
11 November 2023
Page 1

 
EMDR FOCUS LIMITED
REGISTERED NUMBER: 09413560

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,282
8,843

Investments
 5 
105,178
-

  
113,460
8,843

Current assets
  

Stocks
  
140
145

Debtors: amounts falling due after more than one year
 6 
60,370
-

Debtors: amounts falling due within one year
 6 
22,132
22,163

Cash at bank and in hand
 7 
131,765
329,172

  
214,407
351,480

Creditors: amounts falling due within one year
 8 
(58,615)
(171,464)

Net current assets
  
 
 
155,792
 
 
180,016

Total assets less current liabilities
  
269,252
188,859

Provisions for liabilities
  

Deferred tax
  
(3,566)
(1,681)

  
 
 
(3,566)
 
 
(1,681)

Net assets
  
265,686
187,178


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
265,684
187,176

  
265,686
187,178


Page 2

 
EMDR FOCUS LIMITED
REGISTERED NUMBER: 09413560
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mark Brayne
................................................
Jutta Brayne
Director
Director


Date: 8 November 2023

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
EMDR FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

EMDR Focus Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is 12 Church Street, Cromer, Norfolk, England, NR27 9ER and the trading address is in Sheringham.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
EMDR FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
EMDR FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Page 6

 
EMDR FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other
Page 7

 
EMDR FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 8

 
EMDR FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 1 April 2022
14,324


Additions
2,867


Disposals
(1,294)



At 31 March 2023

15,897



Depreciation


At 1 April 2022
5,481


Charge for the year on owned assets
2,765


Disposals
(631)



At 31 March 2023

7,615



Net book value



At 31 March 2023
8,282



At 31 March 2022
8,843


5.


Fixed asset investments





Listed investments

£



Cost or valuation


Additions
100,000


Revaluations
5,178



At 31 March 2023
105,178




Page 9

 
EMDR FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
60,370
-

60,370
-


2023
2022
£
£

Due within one year

Trade debtors
19,210
17,510

Other debtors
541
2,448

Prepayments and accrued income
2,381
2,205

22,132
22,163



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
131,765
329,172

131,765
329,172



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
65
-

Corporation tax
5,423
21,659

Other taxation and social security
1,552
9,689

Other creditors
13,621
93,605

Accruals and deferred income
37,954
46,511

58,615
171,464


Page 10

 
EMDR FOCUS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
131,765
329,172




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £138 (2022 - £Nil) . Contributions totalling £Nil (2022 - £Nil) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

At the end of the year the company owed its directors £12,739 (2022 - £93,584) in respect of an interest-free directors' loan account. The loan is unsecured and is repayable on demand. 

 
Page 11