Registered number
13944168
BE Psychology Ltd
Filleted Accounts
31 March 2024
BE Psychology Ltd
Registered number: 13944168
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,277 2,204
Current assets
Debtors 4 6,272 8,076
Cash at bank and in hand 9,949 12,597
16,221 20,673
Creditors: amounts falling due within one year 5 (11,045) (11,080)
Net current assets 5,176 9,593
Total assets less current liabilities 7,453 11,797
Provisions for liabilities (433) (419)
Net assets 7,020 11,378
Capital and reserves
Called up share capital 1 1
Profit and loss account 7,019 11,377
Shareholders' funds 7,020 11,378
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr. B.F. Jones
Director
Approved by the board on 9 October 2024
BE Psychology Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of services, which are exempt from Value Added Tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office furniture and equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office furniture and equipment
£
Cost
At 1 April 2023 3,306
Additions 1,762
At 31 March 2024 5,068
Depreciation
At 1 April 2023 1,102
Charge for the year 1,689
At 31 March 2024 2,791
Net book value
At 31 March 2024 2,277
At 31 March 2023 2,204
4 Debtors 2024 2023
£ £
Trade debtors 2,000 4,800
Rent deposit 1,800 1,800
Other debtors 2,472 1,476
6,272 8,076
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 9,818 9,114
Other creditors and accruals 1,227 1,966
11,045 11,080
6 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 13,907 20,515
7 Related party transactions
During the period the company paid £5,800 (period ended 31 March 2023 - £4,800) to a close family relative of the director, for administrative and IT services provided to the company. These transactions were on normal commercial terms. There were no amounts due or from to this related party at the year end date.
8 Other information
BE Psychology Ltd is a private company limited by shares and incorporated in England. Its registered office is:
188 High Road
Loughton
Essex
IG10 1DN
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