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REGISTERED NUMBER: 10471322 (England and Wales)












Target Psychology Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Target Psychology Limited (Registered number: 10471322)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Target Psychology Limited

Company Information
for the Year Ended 30 November 2023







Directors: Ms M Joyce
Mrs K S Tott





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 10471322 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Target Psychology Limited (Registered number: 10471322)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,642 8,425

Current assets
Debtors 5 197,326 220,887
Cash at bank and in hand 122,190 125,259
319,516 346,146
Creditors
Amounts falling due within one year 6 242,065 239,297
Net current assets 77,451 106,849
Total assets less current liabilities 86,093 115,274

Provisions for liabilities 8 1,921 1,601
Net assets 84,172 113,673

Capital and reserves
Called up share capital 100 100
Retained earnings 84,072 113,573
84,172 113,673

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Target Psychology Limited (Registered number: 10471322)

Balance Sheet - continued
30 November 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 7 February 2024 and were signed on its behalf by:





Ms M Joyce - Director


Target Psychology Limited (Registered number: 10471322)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. Statutory information

Target 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.

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 and 15% 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.

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.

Target Psychology Limited (Registered number: 10471322)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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.

3. Employees and directors

The average number of employees during the year was 3 (2022 - 3 ) .

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 December 2022 33,161
Additions 4,328
Disposals (2,003 )
At 30 November 2023 35,486
Depreciation
At 1 December 2022 24,736
Charge for year 4,063
Eliminated on disposal (1,955 )
At 30 November 2023 26,844
Net book value
At 30 November 2023 8,642
At 30 November 2022 8,425

5. Debtors: amounts falling due within one year
30.11.23 30.11.22
£    £   
Trade debtors 187,297 205,432
Other debtors 10,029 15,455
197,326 220,887

Target Psychology Limited (Registered number: 10471322)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. Creditors: amounts falling due within one year
30.11.23 30.11.22
£    £   
Trade creditors 144,055 128,544
Taxation and social security 75,939 84,828
Other creditors 22,071 25,925
242,065 239,297

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.11.23 30.11.22
£    £   
Within one year 5,592 -
Between one and five years 6,058 -
11,650 -

8. Provisions for liabilities
30.11.23 30.11.22
£    £   
Deferred tax 1,921 1,601

Deferred
tax
£   
Balance at 1 December 2022 1,601
Charge to Income statement during year 320
Balance at 30 November 2023 1,921