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REGISTERED NUMBER: 08348031 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 31 December 2023

for

LIVE WELL PSYCHOLOGY LIMITED

LIVE WELL PSYCHOLOGY LIMITED (Registered number: 08348031)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


LIVE WELL PSYCHOLOGY LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K Gohil





SECRETARY: B Mehta





REGISTERED OFFICE: 102 Streatfield Road
Harrow
Middlesex
HA3 BT





REGISTERED NUMBER: 08348031 (England and Wales)





ACCOUNTANTS: B MEHTA & CO
102
STREATFIELD ROAD
HARROW
Middlesex
HA3 9BT

LIVE WELL PSYCHOLOGY LIMITED (Registered number: 08348031)

Report of the Director
for the Year Ended 31 December 2023

The director presents her report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Clinical Psychology Services

DIRECTOR
K Gohil held office during the whole of the period from 1 January 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





K Gohil - Director


15 August 2024

LIVE WELL PSYCHOLOGY LIMITED (Registered number: 08348031)

Income Statement
for the Year Ended 31 December 2023

31.12.23 31.12.22
Notes £    £   

TURNOVER 32,895 5,495

Cost of sales 5,354 255
GROSS PROFIT 27,541 5,240

Administrative expenses 20,297 5,440
OPERATING PROFIT/(LOSS) 4 7,244 (200 )
PROFIT/(LOSS) BEFORE TAXATION 7,244 (200 )

Tax on profit/(loss) 762 -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

6,482

(200

)

LIVE WELL PSYCHOLOGY LIMITED (Registered number: 08348031)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,611 4,746

CURRENT ASSETS
Cash at bank 7,545 1,900

CREDITORS
Amounts falling due within one year 6 11,312 12,284
NET CURRENT LIABILITIES (3,767 ) (10,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

844

(5,638

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 744 (5,738 )
SHAREHOLDERS' FUNDS 844 (5,638 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





K Gohil - Director


LIVE WELL PSYCHOLOGY LIMITED (Registered number: 08348031)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

LIVE WELL 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging:

31.12.23 31.12.22
£    £   
Depreciation - owned assets 599 582

LIVE WELL PSYCHOLOGY LIMITED (Registered number: 08348031)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 1,250 8,500 4,115 13,865
Additions - - 464 464
At 31 December 2023 1,250 8,500 4,579 14,329
DEPRECIATION
At 1 January 2023 994 5,035 3,090 9,119
Charge for year 138 277 184 599
At 31 December 2023 1,132 5,312 3,274 9,718
NET BOOK VALUE
At 31 December 2023 118 3,188 1,305 4,611
At 31 December 2022 256 3,465 1,025 4,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 762 -
Other creditors 10,550 12,284
11,312 12,284