Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse2023-01-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC612822 2023-01-01 2023-12-31 SC612822 2022-01-01 2022-12-31 SC612822 2023-12-31 SC612822 2022-12-31 SC612822 c:Director1 2023-01-01 2023-12-31 SC612822 c:RegisteredOffice 2023-01-01 2023-12-31 SC612822 d:FurnitureFittings 2023-01-01 2023-12-31 SC612822 d:FurnitureFittings 2023-12-31 SC612822 d:FurnitureFittings 2022-12-31 SC612822 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC612822 d:ComputerEquipment 2023-01-01 2023-12-31 SC612822 d:ComputerEquipment 2023-12-31 SC612822 d:ComputerEquipment 2022-12-31 SC612822 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC612822 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC612822 d:CurrentFinancialInstruments 2023-12-31 SC612822 d:CurrentFinancialInstruments 2022-12-31 SC612822 d:Non-currentFinancialInstruments 2023-12-31 SC612822 d:Non-currentFinancialInstruments 2022-12-31 SC612822 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC612822 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC612822 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 SC612822 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC612822 d:ShareCapital 2023-12-31 SC612822 d:ShareCapital 2022-12-31 SC612822 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC612822 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC612822 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC612822 c:OrdinaryShareClass1 2023-12-31 SC612822 c:OrdinaryShareClass1 2022-12-31 SC612822 c:FRS102 2023-01-01 2023-12-31 SC612822 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC612822 c:FullAccounts 2023-01-01 2023-12-31 SC612822 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC612822 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC612822










THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
 

COMPANY INFORMATION


Director
Mrs K A Ramsay 




Registered number
SC612822



Registered office
Office 10 Dunnock House
63 Dunnock Road

Dunfermline

Fife

KY11 8QE




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
REGISTERED NUMBER: SC612822

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
1,239
2,021

  
1,239
2,021

Current assets
  

Debtors: amounts falling due within one year
 5 
2,321
6,335

Cash at bank and in hand
  
5,487
15,170

  
7,808
21,505

Creditors: amounts falling due within one year
 6 
(26,208)
(30,328)

Net current liabilities
  
 
 
(18,400)
 
 
(8,823)

Total assets less current liabilities
  
(17,161)
(6,802)

Creditors: amounts falling due after more than one year
 7 
(36,639)
(42,043)

Provisions for liabilities
  

Deferred tax
  
(235)
(384)

  
 
 
(235)
 
 
(384)

Net liabilities
  
(54,035)
(49,229)


Capital and reserves
  

Called up share capital 
 8 
10
10

Profit and loss account
  
(54,045)
(49,239)

  
(54,035)
(49,229)


Page 1

 
THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
REGISTERED NUMBER: SC612822

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs K A Ramsay
Director

Date: 23 September 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Academy of Modern Applied Psychology Limited is limited by shares and incorporated in Scotland with registration number SC612822. The address of the registered office is Office 10 Dunnock House, 63 Dunnock Road, Dunfermline, Fife, Scotland, KY11 8QE.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the forsseable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Page 3

 
THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
3,129
750
3,879



At 31 December 2023

3,129
750
3,879



Depreciation


At 1 January 2023
1,108
750
1,858


Charge for the year on owned assets
782
-
782



At 31 December 2023

1,890
750
2,640



Net book value



At 31 December 2023
1,239
-
1,239



At 31 December 2022
2,021
-
2,021


5.


Debtors

2023
2022
£
£


Other debtors
2,321
4,004

Prepayments and accrued income
-
2,331

2,321
6,335



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
6,700
6,700

Other loans
4,662
4,662

Trade creditors
7,975
8,954

Amounts owed to group undertakings
3,487
1,659

Other creditors
124
2,330

Accruals and deferred income
3,260
6,023

26,208
30,328


Page 6

 
THE ACADEMY OF MODERN APPLIED PSYCHOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
17,680
18,423

Other loans
18,959
23,620

36,639
42,043



8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £0.01 each
10
10



9.


Controlling party

The ultimate controlling party is Kain Ramsay Limited, a company incorporated in Scotland.
From 9 February 2024, following a group reorganisation, the ultimate parent company became Kairen Holdings Limited, a company incorporated in Scotland.


Page 7