0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 220,000 220,000 xbrli:pure xbrli:shares iso4217:GBP 06001907 2022-07-01 2023-06-30 06001907 2023-06-30 06001907 2022-06-30 06001907 2021-07-01 2022-06-30 06001907 2022-06-30 06001907 2021-06-30 06001907 core:NetGoodwill 2022-07-01 2023-06-30 06001907 core:PlantMachinery 2022-07-01 2023-06-30 06001907 core:FurnitureFittings 2022-07-01 2023-06-30 06001907 bus:Director1 2022-07-01 2023-06-30 06001907 core:NetGoodwill 2023-06-30 06001907 core:PlantMachinery 2022-06-30 06001907 core:FurnitureFittings 2022-06-30 06001907 core:PlantMachinery 2023-06-30 06001907 core:FurnitureFittings 2023-06-30 06001907 core:WithinOneYear 2023-06-30 06001907 core:WithinOneYear 2022-06-30 06001907 core:ShareCapital 2023-06-30 06001907 core:ShareCapital 2022-06-30 06001907 core:RetainedEarningsAccumulatedLosses 2023-06-30 06001907 core:RetainedEarningsAccumulatedLosses 2022-06-30 06001907 core:PlantMachinery 2022-06-30 06001907 core:FurnitureFittings 2022-06-30 06001907 bus:SmallEntities 2022-07-01 2023-06-30 06001907 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 06001907 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 06001907 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 06001907 bus:FullAccounts 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 06001907
OPTIMA PSYCHOLOGY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 June 2023
OPTIMA PSYCHOLOGY LIMITED
STATEMENT OF FINANCIAL POSITION
30 June 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
5,705
4,703
CURRENT ASSETS
Debtors
6
1,754
1,204
Cash at bank and in hand
703
37,885
-------
--------
2,457
39,089
CREDITORS: amounts falling due within one year
7
( 7,480)
( 42,655)
-------
--------
NET CURRENT LIABILITIES
( 5,023)
( 3,566)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
682
1,137
PROVISIONS
( 1,084)
( 894)
-------
-------
NET (LIABILITIES)/ASSETS
( 402)
243
-------
-------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 502)
143
----
----
SHAREHOLDERS (DEFICIT)/FUNDS
( 402)
243
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
OPTIMA PSYCHOLOGY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 19 March 2024 , and are signed on behalf of the board by:
Dr J E Solity
Director
Company registration number: 06001907
OPTIMA PSYCHOLOGY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Almond Avenue, Leamington Spa, Warwickshire, CV32 6QD.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The financial statements have also been prepared on the going concern basis.The director considers the going concern basis to be appropriate as he has confirmed his ongoing support.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Copyright
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Professional Books
-
25% reducing balance
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 July 2022 and 30 June 2023
220,000
---------
Amortisation
At 1 July 2022 and 30 June 2023
220,000
---------
Carrying amount
At 30 June 2023
---------
At 30 June 2022
---------
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Total
£
£
£
Cost
At 1 July 2022
18,320
20,943
39,263
Additions
2,790
2,790
--------
--------
--------
At 30 June 2023
21,110
20,943
42,053
--------
--------
--------
Depreciation
At 1 July 2022
16,105
18,455
34,560
Charge for the year
1,166
622
1,788
--------
--------
--------
At 30 June 2023
17,271
19,077
36,348
--------
--------
--------
Carrying amount
At 30 June 2023
3,839
1,866
5,705
--------
--------
--------
At 30 June 2022
2,215
2,488
4,703
--------
--------
--------
6. DEBTORS
2023
2022
£
£
Other debtors
1,754
1,204
-------
-------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,559
2,217
Corporation tax
709
485
Other creditors
3,252
37,228
Other creditors
1,960
2,725
-------
--------
7,480
42,655
-------
--------