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REGISTERED NUMBER: SC573244 (Scotland)




















NPK Psychology Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






NPK Psychology Ltd (Registered number: SC573244)






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


NPK Psychology Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: N Kinloch



REGISTERED OFFICE: 11 Campbell Park Crescent
Edinburgh
EH13 0HT



REGISTERED NUMBER: SC573244 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: HSBC
Lion House
25 Islington High Street
Islington
London
N1 9LJ

NPK Psychology Ltd (Registered number: SC573244)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 183 367

CURRENT ASSETS
Debtors 5 64,023 51,623
Cash at bank 63,781 59,224
127,804 110,847
CREDITORS
Amounts falling due within one year 6 44,331 39,211
NET CURRENT ASSETS 83,473 71,636
TOTAL ASSETS LESS CURRENT LIABILITIES 83,656 72,003

PROVISIONS FOR LIABILITIES 45 91
NET ASSETS 83,611 71,912

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 83,610 71,911
83,611 71,912

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.

NPK Psychology Ltd (Registered number: SC573244)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 September 2024 and were signed by:





N Kinloch - Director


NPK Psychology Ltd (Registered number: SC573244)

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

1. STATUTORY INFORMATION

NPK Psychology Ltd is a private company, limited by shares , registered in Scotland. 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 comprises the fair value of psychology consultancy services provided.

Revenue from psychology consulting is recognised as services are provided.

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 - 33% on cost

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.


NPK Psychology Ltd (Registered number: SC573244)

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

2. ACCOUNTING POLICIES - continued
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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable that the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 830
DEPRECIATION
At 1 April 2023 463
Charge for year 184
At 31 March 2024 647
NET BOOK VALUE
At 31 March 2024 183
At 31 March 2023 367

NPK Psychology Ltd (Registered number: SC573244)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,400 -
Other debtors 61,623 51,623
64,023 51,623

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 15,020 11,925
Other creditors 29,311 27,286
44,331 39,211

Other creditors includes a loan from the director. This balance is unsecured, interest-free and repayable on demand.

7. RELATED PARTY DISCLOSURES

NPK Psychology Ltd made loans to a related company in earlier periods. The balance due from the related company at the end of the reporting period was £61,623 (2023 - £51,623). This balance is interest free, unsecured and repayable on demand.