THE PSYCHE (SY-KEE) CIC

Company limited by guarantee

Company Registration Number:
13537645 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

THE PSYCHE (SY-KEE) CIC

Contents of the Financial Statements

for the Period Ended 31 July 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

THE PSYCHE (SY-KEE) CIC

Directors' report period ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal activities of the company

The company's principal activity during the year was the provision of psychotherapy and counselling services.



Directors

The directors shown below have held office during the whole of the period from
1 August 2022 to 31 July 2023

Gita Virdee
Sophia Baldwin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
16 April 2024

And signed on behalf of the board by:
Name: Gita Virdee
Status: Director

THE PSYCHE (SY-KEE) CIC

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 1,285 2,125
Gross profit(or loss): 1,285 2,125
Administrative expenses: ( 640 ) ( 957 )
Operating profit(or loss): 645 1,168
Profit(or loss) before tax: 645 1,168
Tax: ( 123 ) ( 222 )
Profit(or loss) for the financial year: 522 946

THE PSYCHE (SY-KEE) CIC

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Current assets
Debtors: 3 585
Cash at bank and in hand: 2,760 1,440
Total current assets: 2,760 2,025
Creditors: amounts falling due within one year: 4 ( 1,292 ) ( 1,079 )
Net current assets (liabilities): 1,468 946
Total assets less current liabilities: 1,468 946
Total net assets (liabilities): 1,468 946
Members' funds
Profit and loss account: 1,468 946
Total members' funds: 1,468 946

The notes form part of these financial statements

THE PSYCHE (SY-KEE) CIC

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 16 April 2024
and signed on behalf of the board by:

Name: Gita Virdee
Status: Director

The notes form part of these financial statements

THE PSYCHE (SY-KEE) CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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.

THE PSYCHE (SY-KEE) CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 3

THE PSYCHE (SY-KEE) CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Debtors

2023 2022
£ £
Trade debtors 585
Total   585

THE PSYCHE (SY-KEE) CIC

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 123 222
Accruals and deferred income 300 300
Other creditors 869 557
Total 1,292 1,079

COMMUNITY INTEREST ANNUAL REPORT

THE PSYCHE (SY-KEE) CIC

Company Number: 13537645 (England and Wales)

Year Ending: 31 July 2023

Company activities and impact

The Psyche (Sy-Kee) CIC, Northampton, Northamptonshire, company aims to provide low cost mental health therapeutic services to schools and the local community. The service became active in July 2021. During the financial year 2022-2023, the service benefitted the community in the following ways: providing mental health therapeutic services to a secondary school and a special school, by providing counselling and behaviour therapy to students at an affordable rate for schools; has worked with social services and parents in helping the children to overcome mental health issues and engage in school and education.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
16 April 2024

And signed on behalf of the board by:
Name: Gita Virdee
Status: Director