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REGISTERED NUMBER: 06841938 (England and Wales)














Financial Statements for the Year Ended 31 March 2024

for

Centre For Psychology Ltd

Centre For Psychology Ltd (Registered number: 06841938)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Centre For Psychology Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Dr J Newland





REGISTERED OFFICE: 26a Chertsey Street
Guildford
Surrey
GU1 4HD





REGISTERED NUMBER: 06841938 (England and Wales)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

Centre For Psychology Ltd (Registered number: 06841938)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,298 37,699

CURRENT ASSETS
Stocks 186,255 67,988
Debtors 5 - 84,965
Cash at bank 59,302 83,482
245,557 236,435
CREDITORS
Amounts falling due within one year 6 149,373 118,931
NET CURRENT ASSETS 96,184 117,504
TOTAL ASSETS LESS CURRENT LIABILITIES 128,482 155,203

CREDITORS
Amounts falling due after more than one
year

7

14,667

22,667
NET ASSETS 113,815 132,536

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,715 132,436
SHAREHOLDERS' FUNDS 113,815 132,536

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.

Centre For Psychology Ltd (Registered number: 06841938)

Statement of Financial Position - 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 28 November 2024 and were signed by:





Dr J Newland - Director


Centre For Psychology Ltd (Registered number: 06841938)

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

1. STATUTORY INFORMATION

Centre For Psychology Ltd 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.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 45 ) .

Centre For Psychology Ltd (Registered number: 06841938)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 7,342 4,073 79,793 91,208
Additions - - 4,941 4,941
At 31 March 2024 7,342 4,073 84,734 96,149
DEPRECIATION
At 1 April 2023 4,971 3,265 45,273 53,509
Charge for year 356 121 9,865 10,342
At 31 March 2024 5,327 3,386 55,138 63,851
NET BOOK VALUE
At 31 March 2024 2,015 687 29,596 32,298
At 31 March 2023 2,371 808 34,520 37,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 84,965

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 8,000 8,000
Pensions 3,629 1,692
Net wages 1,048 1,027
Tax - 16,465
Social security and other taxes 88,082 43,299
Credit Card 984 968
Directors' current accounts 47,630 47,480
149,373 118,931

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 14,667 22,667

8. RELATED PARTY DISCLOSURES

The director Dr J Newland is considered to be the key management personnel.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Centre For Psychology Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Centre For Psychology Ltd for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Centre For Psychology Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Centre For Psychology Ltd and state those matters that we have agreed to state to the director of Centre For Psychology Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Centre For Psychology Ltd and its director for our work or for this report.

It is your duty to ensure that Centre For Psychology Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Centre For Psychology Ltd. You consider that Centre For Psychology Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Centre For Psychology Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY


Date: .............................................