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REGISTERED NUMBER: 06390598 (England and Wales)















WORK PSYCHOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






WORK PSYCHOLOGY LIMITED (REGISTERED NUMBER: 06390598)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


WORK PSYCHOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Prof F C Patterson
Dr M T Kerrin





SECRETARY: Dr M T Kerrin





REGISTERED OFFICE: 4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR





REGISTERED NUMBER: 06390598 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

WORK PSYCHOLOGY LIMITED (REGISTERED NUMBER: 06390598)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 197,813 198,725

CURRENT ASSETS
Debtors 5 421,100 547,010
Cash at bank 1,388,049 1,176,138
1,809,149 1,723,148
CREDITORS
Amounts falling due within one year 6 614,267 612,463
NET CURRENT ASSETS 1,194,882 1,110,685
TOTAL ASSETS LESS CURRENT LIABILITIES 1,392,695 1,309,410

PROVISIONS FOR LIABILITIES 2,618 1,260
NET ASSETS 1,390,077 1,308,150

CAPITAL AND RESERVES
Called up share capital 7 250 250
Retained earnings 1,389,827 1,307,900
SHAREHOLDERS' FUNDS 1,390,077 1,308,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:




Prof F C Patterson - Director



Dr M T Kerrin - Director


WORK PSYCHOLOGY LIMITED (REGISTERED NUMBER: 06390598)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Work 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts chargeable to clients for professional services provided during the year, excluding value added tax. Revenue is recognised in the period in which services are performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 20% on reducing balance

Tangible fixed assets are held at cost less depreciation.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 19 ) .

WORK PSYCHOLOGY LIMITED (REGISTERED NUMBER: 06390598)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 237,525 84,817 322,342
Additions - 9,015 9,015
At 30 April 2024 237,525 93,832 331,357
DEPRECIATION
At 1 May 2023 45,433 78,184 123,617
Charge for year 4,750 5,177 9,927
At 30 April 2024 50,183 83,361 133,544
NET BOOK VALUE
At 30 April 2024 187,342 10,471 197,813
At 30 April 2023 192,092 6,633 198,725

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 350,867 454,768
Other debtors 70,233 92,242
421,100 547,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,555 9,476
Taxation and social security 293,657 252,696
Other creditors 277,055 350,291
614,267 612,463

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Class A Ordinary £1 100 100
150 Class B ordinary £1 150 150
250 250