Educational Psychologist Ltd 05642096 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is psychology and health training. Digita Accounts Production Advanced 6.30.9574.0 true true 05642096 2023-04-01 2024-03-31 05642096 2024-03-31 05642096 core:RetainedEarningsAccumulatedLosses 2024-03-31 05642096 core:ShareCapital 2024-03-31 05642096 core:CurrentFinancialInstruments 2024-03-31 05642096 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05642096 core:FurnitureFittingsToolsEquipment 2024-03-31 05642096 core:LandBuildings 2024-03-31 05642096 core:OtherPropertyPlantEquipment 2024-03-31 05642096 bus:SmallEntities 2023-04-01 2024-03-31 05642096 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05642096 bus:FilletedAccounts 2023-04-01 2024-03-31 05642096 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05642096 bus:RegisteredOffice 2023-04-01 2024-03-31 05642096 bus:CompanySecretary1 2023-04-01 2024-03-31 05642096 bus:Director1 2023-04-01 2024-03-31 05642096 bus:Director2 2023-04-01 2024-03-31 05642096 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05642096 core:FurnitureFittings 2023-04-01 2024-03-31 05642096 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 05642096 core:LandBuildings 2023-04-01 2024-03-31 05642096 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 05642096 core:PlantMachinery 2023-04-01 2024-03-31 05642096 core:OtherRelatedParties 2023-04-01 2024-03-31 05642096 countries:EnglandWales 2023-04-01 2024-03-31 05642096 2023-03-31 05642096 core:FurnitureFittingsToolsEquipment 2023-03-31 05642096 core:LandBuildings 2023-03-31 05642096 core:OtherPropertyPlantEquipment 2023-03-31 05642096 2022-04-01 2023-03-31 05642096 2023-03-31 05642096 core:RetainedEarningsAccumulatedLosses 2023-03-31 05642096 core:ShareCapital 2023-03-31 05642096 core:CurrentFinancialInstruments 2023-03-31 05642096 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05642096 core:FurnitureFittingsToolsEquipment 2023-03-31 05642096 core:LandBuildings 2023-03-31 05642096 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 05642096

Educational Psychologist Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Educational Psychologist Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Educational Psychologist Ltd

Company Information

Directors

T L Francis

Mrs I Francis

Company secretary

Manningtons Ltd

Registered office

8 High Street
Heathfield
East Sussex
TN21 8LS

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Educational Psychologist Ltd

(Registration number: 05642096)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

225,693

231,930

Current assets

 

Stocks

5

3,139

3,139

Debtors

6

-

441

Cash at bank and in hand

 

11,627

16,954

 

14,766

20,534

Creditors: Amounts falling due within one year

7

(10,441)

(10,159)

Net current assets

 

4,325

10,375

Net assets

 

230,018

242,305

Capital and reserves

 

Called up share capital

2

2

Retained earnings

230,016

242,303

Shareholders' funds

 

230,018

242,305

For the financial year ending 31 March 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 year 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 prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 September 2024 and signed on its behalf by:
 

.........................................
T L Francis
Director

 

Educational Psychologist Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
8 High Street
Heathfield
East Sussex
TN21 8LS
England

2

Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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:

 

Educational Psychologist Ltd

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

Asset class

Depreciation method and rate

Leasehold property

2% straight line

Plant and machinery

10% reducing balance

Fixtures,Fittings and equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Educational Psychologist Ltd

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

273,948

4,402

1,300

279,650

At 31 March 2024

273,948

4,402

1,300

279,650

Depreciation

At 1 April 2023

43,832

3,094

794

47,720

Charge for the year

5,479

708

50

6,237

At 31 March 2024

49,311

3,802

844

53,957

Carrying amount

At 31 March 2024

224,637

600

456

225,693

At 31 March 2023

230,116

1,308

506

231,930

Included within the net book value of land and buildings above is £224,637 (2023 - £230,116) in respect of long leasehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

3,139

3,139

6

Debtors

2024
£

2023
£

Taxation and social security

-

441

-

441

 

Educational Psychologist Ltd

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

500

900

Other creditors

3,749

5,067

Director loan account

6,192

4,192

10,441

10,159

8

Related party transactions

Summary of transactions with other related parties

Educational Psychologists a partnership in which the directors have an interest