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REGISTERED NUMBER: 08292317 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Real World Psychology Limited

Real World Psychology Limited (Registered number: 08292317)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Real World Psychology Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr C Small





REGISTERED OFFICE: 3B Lockheed Court
Preston Farm
Stockton-on-Tees
Cleveland
TS18 3SH





REGISTERED NUMBER: 08292317 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Real World Psychology Limited (Registered number: 08292317)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,243 3,248
Investments 6 100 100
6,343 3,348

CURRENT ASSETS
Stocks 3,536 5,000
Debtors 7 8,702 7,819
Cash at bank 31,266 5,794
43,504 18,613
CREDITORS
Amounts falling due within one year 8 47,213 21,224
NET CURRENT LIABILITIES (3,709 ) (2,611 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,634

737

PROVISIONS FOR LIABILITIES 1,186 617
NET ASSETS 1,448 120

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,348 20
SHAREHOLDERS' FUNDS 1,448 120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Real World Psychology Limited (Registered number: 08292317)

Balance Sheet - continued
31 March 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





Dr C Small - Director


Real World Psychology Limited (Registered number: 08292317)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Real World 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Real World Psychology Limited (Registered number: 08292317)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 24,186
AMORTISATION
At 1 April 2023
and 31 March 2024 24,186
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 17,990
Additions 5,632
At 31 March 2024 23,622
DEPRECIATION
At 1 April 2023 14,742
Charge for year 2,637
At 31 March 2024 17,379
NET BOOK VALUE
At 31 March 2024 6,243
At 31 March 2023 3,248

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 31 March 2023 100

Real World Psychology Limited (Registered number: 08292317)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,570 7,819
Amounts owed by group undertakings 132 -
8,702 7,819

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,750 305
Amounts owed to group undertakings - 408
Taxation and social security 15,193 20,425
Other creditors 30,270 86
47,213 21,224

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Dr C Small
Balance outstanding at start of year - 3,244
Amounts repaid - (3,244 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest has been charged on the above loan.