Seven Hills Psychology Ltd 14873136 false 2023-05-16 2024-05-31 2024-05-31 The principal activity of the company is the provision of psychological and therapy services. Digita Accounts Production Advanced 6.30.9574.0 true 14873136 2023-05-16 2024-05-31 14873136 2024-05-31 14873136 core:RetainedEarningsAccumulatedLosses 2024-05-31 14873136 core:ShareCapital 2024-05-31 14873136 core:CurrentFinancialInstruments 2024-05-31 14873136 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14873136 core:FurnitureFittings 2024-05-31 14873136 bus:SmallEntities 2023-05-16 2024-05-31 14873136 bus:AuditExemptWithAccountantsReport 2023-05-16 2024-05-31 14873136 bus:FilletedAccounts 2023-05-16 2024-05-31 14873136 bus:SmallCompaniesRegimeForAccounts 2023-05-16 2024-05-31 14873136 bus:Director2 2023-05-16 2024-05-31 14873136 bus:PrivateLimitedCompanyLtd 2023-05-16 2024-05-31 14873136 core:FurnitureFittings 2023-05-16 2024-05-31 14873136 countries:AllCountries 2023-05-16 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 14873136

Seven Hills Psychology Ltd

Directors' Report and Unaudited Financial Statements

for the Period from 16 May 2023 to 31 May 2024

 

Seven Hills Psychology Ltd

(Registration number: 14873136)

Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Tangible assets

3

833

Current assets

 

Debtors

4

20,846

Cash at bank and in hand

 

72,967

 

93,813

Creditors: Amounts falling due within one year

5

(24,717)

Net current assets

 

69,096

Net assets

 

69,929

Capital and reserves

 

Called up share capital

2

Retained earnings

69,927

Shareholders' funds

 

69,929

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 4 September 2024 and signed on its behalf by:
 

.........................................

Dr E Callan

Director

 

Seven Hills Psychology Ltd

Notes to the Unaudited Financial Statements for the Period from 16 May 2023 to 31 May 2024

1

Accounting policies

Statutory information

Seven Hills Psychology Ltd is a private company, limited by shares, domiciled in England and Wales, company number 14873136. The registered office is at PO Box 6181, Seven Hills Psychology, Seven Hills Psychology Ltd, Sheffield, S8 2NQ.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% straight line

2

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Seven Hills Psychology Ltd

Notes to the Unaudited Financial Statements for the Period from 16 May 2023 to 31 May 2024 (continued)

3

Tangible assets

Fixtures and fittings
£

Cost or valuation

Additions

998

At 31 May 2024

998

Depreciation

Charge for the period

165

At 31 May 2024

165

Carrying amount

At 31 May 2024

833

4

Debtors

Current

2024
£

Trade debtors

20,844

Other debtors

2

 

20,846

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Taxation and social security

22,717

Accruals and deferred income

2,000

24,717