BrightAccountsProduction v1.0.0 v1.0.0 2022-10-31 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company throughout the period was the provision of clinical psychology services. 22 July 2024 NI662013 2023-10-30 NI662013 2022-10-30 NI662013 2021-10-30 NI662013 2022-10-31 2023-10-30 NI662013 2021-10-31 2022-10-30 NI662013 uk-bus:PrivateLimitedCompanyLtd 2022-10-31 2023-10-30 NI662013 uk-curr:PoundSterling 2022-10-31 2023-10-30 NI662013 uk-bus:SmallCompaniesRegimeForAccounts 2022-10-31 2023-10-30 NI662013 uk-bus:FullAccounts 2022-10-31 2023-10-30 NI662013 uk-bus:Director1 2022-10-31 2023-10-30 NI662013 uk-bus:RegisteredOffice 2022-10-31 2023-10-30 NI662013 uk-bus:Agent1 2022-10-31 2023-10-30 NI662013 uk-core:ShareCapital 2023-10-30 NI662013 uk-core:ShareCapital 2022-10-30 NI662013 uk-core:RetainedEarningsAccumulatedLosses 2023-10-30 NI662013 uk-core:RetainedEarningsAccumulatedLosses 2022-10-30 NI662013 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-30 NI662013 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-10-30 NI662013 uk-bus:FRS102 2022-10-31 2023-10-30 NI662013 uk-core:FurnitureFittingsToolsEquipment 2022-10-31 2023-10-30 NI662013 uk-core:MotorVehicles 2022-10-31 2023-10-30 NI662013 uk-core:CurrentFinancialInstruments 2023-10-30 NI662013 uk-core:CurrentFinancialInstruments 2022-10-30 NI662013 uk-core:WithinOneYear 2023-10-30 NI662013 uk-core:WithinOneYear 2022-10-30 NI662013 uk-core:WithinOneYear 2023-10-30 NI662013 uk-core:WithinOneYear 2022-10-30 NI662013 uk-core:AfterOneYear 2023-10-30 NI662013 uk-core:AfterOneYear 2022-10-30 NI662013 uk-core:BetweenOneFiveYears 2023-10-30 NI662013 uk-core:BetweenOneFiveYears 2022-10-30 NI662013 uk-core:EmployeeBenefits 2022-10-30 NI662013 uk-core:EmployeeBenefits 2022-10-31 2023-10-30 NI662013 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-10-30 NI662013 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-10-30 NI662013 uk-core:OtherDeferredTax 2023-10-30 NI662013 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-10-30 NI662013 uk-core:EmployeeBenefits 2023-10-30 NI662013 2022-10-31 2023-10-30 NI662013 uk-bus:AuditExempt-NoAccountantsReport 2022-10-31 2023-10-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
Company Registration Number: NI662013
 
 
Dr K Sweeney Psychological Services Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 October 2023
Dr K Sweeney Psychological Services Limited
Director and Other Information

 
Director Dr K Sweeney
 
 
Company Registration Number NI662013
 
 
Registered Office 12 Cromac Place
The Gasworks
Belfast
BT7 2JB
 
 
Business Address 2 Church Road
Bangor
BT19 1TP
 
 
Accountants HCA Chartered Accountants Ltd
12 Cromac Place
Belfast
Co. Antrim
BT7 2JB
Northern Ireland
 
 
Bankers Monzo Bank Limited
  38 Finsbury Square
  London
  EC2A 1PX
  United Kingdom



Dr K Sweeney Psychological Services Limited
Company Registration Number: NI662013
Balance Sheet
as at 30 October 2023

Oct 23 Oct 22
Notes £ £
 
Fixed Assets
Tangible assets 4 60,165 2,791
───────── ─────────
 
Current Assets
Debtors 5 34,775 40,671
Cash and cash equivalents 30,078 35,643
───────── ─────────
64,853 76,314
───────── ─────────
Creditors: amounts falling due within one year 6 (72,494) (58,295)
───────── ─────────
Net Current (Liabilities)/Assets (7,641) 18,019
───────── ─────────
Total Assets less Current Liabilities 52,524 20,810
 
Creditors:
amounts falling due after more than one year 7 (56,080) -
 
Provisions for liabilities 9 (890) (698)
───────── ─────────
Net (Liabilities)/Assets (4,446) 20,112
═════════ ═════════
 
Capital and Reserves
Called up share capital 7 1
Retained earnings (4,453) 20,111
───────── ─────────
Equity attributable to owners of the company (4,446) 20,112
═════════ ═════════
 
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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 22 July 2024
           
           
________________________________          
Dr K Sweeney          
Director          
           



Dr K Sweeney Psychological Services Limited
Notes to the Financial Statements
for the financial year ended 30 October 2023

   
1. General Information
 
Dr K Sweeney Psychological Services Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI662013. The registered office of the company is 12 Cromac Place, The Gasworks, Belfast, BT7 2JB. The principal activity of the company throughout the period was the provision of clinical psychology services. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 30 October 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% reducing balance
  Motor vehicles - 25% reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
Other than the directors, the company has zero employees. The company does not currently operate a pension scheme.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 2, (Oct 22 - 2).
 
  Oct 23 Oct 22
  Number Number
 
Director 1 1
Employee 1 1
  ───────── ─────────
  2 2
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 31 October 2022 3,283 - 3,283
Additions 1,661 75,175 76,836
  ───────── ───────── ─────────
At 30 October 2023 4,944 75,175 80,119
  ───────── ───────── ─────────
Depreciation
At 31 October 2022 492 - 492
Charge for the financial year 668 18,794 19,462
  ───────── ───────── ─────────
At 30 October 2023 1,160 18,794 19,954
  ───────── ───────── ─────────
Net book value
At 30 October 2023 3,784 56,381 60,165
  ═════════ ═════════ ═════════
At 30 October 2022 2,791 - 2,791
  ═════════ ═════════ ═════════
           
4.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  Oct 23   Oct 22  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Motor vehicles 56,381 18,794 - -
  ═════════ ═════════ ═════════ ═════════
       
5. Debtors Oct 23 Oct 22
  £ £
 
Trade debtors 34,775 27,627
Error!! - 13,044
  ───────── ─────────
  34,775 40,671
  ═════════ ═════════
       
6. Creditors Oct 23 Oct 22
Amounts falling due within one year £ £
 
Net obligations under finance leases
and hire purchase contracts 7,804 -
Taxation  (Note 8) 5,961 4,745
Director's current account 1,079 -
Other creditors 17,153 -
Accruals 40,497 53,550
  ───────── ─────────
  72,494 58,295
  ═════════ ═════════
       
7. Creditors Oct 23 Oct 22
Amounts falling due after more than one year £ £
 
Finance leases and hire purchase contracts 56,080 -
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 7,804 -
Repayable between one and five years 56,080 -
  ───────── ─────────
  63,884 -
  ═════════ ═════════
       
8. Taxation Oct 23 Oct 22
  £ £
 
Creditors:
Corporation tax - 4,745
PAYE / NI 5,961 -
  ───────── ─────────
  5,961 4,745
  ═════════ ═════════
           
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Losses Total Total
  allowances      
         
      Oct 23 Oct 22
  £ £ £ £
 
At financial year start 698 - 698 -
Charged to profit and loss 14,344 (14,152) 192 698
  ───────── ───────── ───────── ─────────
At financial year end 15,042 (14,152) 890 698
  ═════════ ═════════ ═════════ ═════════
       
10. Capital commitments
 
The company had no material capital commitments at the financial year-ended 30 October 2023.
   
11. Director's advances, credits and guarantees
 
At the year end the director was owed £1,079 (2022 (£13,045).
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.