1 August 2022 v2024.4.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP069650482022-08-012023-07-31069650482023-07-31069650482022-07-3106965048core:WithinOneYear2023-07-3106965048core:WithinOneYear2022-07-3106965048core:ShareCapital2023-07-3106965048core:ShareCapital2022-07-3106965048core:RetainedEarningsAccumulatedLosses2023-07-3106965048core:RetainedEarningsAccumulatedLosses2022-07-3106965048bus:Director12022-08-012023-07-3106965048bus:RegisteredOffice2022-08-012023-07-3106965048core:FurnitureFittings2022-08-012023-07-3106965048core:OfficeEquipment2022-08-012023-07-31069650482021-08-012022-07-3106965048core:PlantMachinery2023-07-3106965048core:PlantMachinery2022-08-0106965048core:PlantMachinery2022-08-012023-07-3106965048core:PlantMachinery2022-07-310696504812022-08-012023-07-3106965048countries:EnglandWales2022-08-012023-07-3106965048bus:AuditExemptWithAccountantsReport2022-08-012023-07-3106965048bus:PrivateLimitedCompanyLtd2022-08-012023-07-3106965048bus:SmallEntities2022-08-012023-07-3106965048bus:FullAccounts2022-08-012023-07-31
Company registration number:
06965048
Sussex Psychiatric Services Ltd
Unaudited Filleted Financial Statements for the year ended
31 July 2023
Sussex Psychiatric Services Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Sussex Psychiatric Services Ltd
Year ended
31 July 2023
As described on the statement of financial position, the Board of Directors of
Sussex Psychiatric Services Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 July 2023
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Vincent Accountancy & Taxation Services Limited
Chartered Certified Accountants
14 The Cloisters
Littlehampton
West Sussex
BN17 5ST
United Kingdom
Date:
30 January 2024
Sussex Psychiatric Services Ltd
Statement of Financial Position
31 July 2023
20232022
Note££
Fixed assets    
Tangible assets 5
104
 
139
 
Current assets    
Debtors 6 -  
60,580
 
Cash at bank and in hand
50,002
 
58,618
 
50,002
 
119,198
 
Creditors: amounts falling due within one year 7
(3,214
)
(11,617
)
Net current assets
46,788
 
107,581
 
Total assets less current liabilities 46,892   107,720  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
46,792
 
107,620
 
Shareholders funds
46,892
 
107,720
 
For the year ending
31 July 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 January 2024
, and are signed on behalf of the board by:
Mrs J Keating
Director
Company registration number:
06965048
Sussex Psychiatric Services Ltd
Notes to the Financial Statements
Year ended
31 July 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
46 Walsingham Road
,
Hove
,
East Sussex
,
BN3 4FF
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
25% reducing balance
Office equipment
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 August 2022
and
31 July 2023
4,534
 
Depreciation  
At
1 August 2022
4,395
 
Charge
35
 
At
31 July 2023
4,430
 
Carrying amount  
At
31 July 2023
104
 
At 31 July 2022
139
 

6 Debtors

20232022
££
Trade debtors -  
60,580
 

7 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
30
 
9,518
 
Other creditors
3,184
 
2,099
 
3,214
 
11,617