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Registration number: 10545593

Yorkshire Psychotherapy Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Yorkshire Psychotherapy Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Yorkshire Psychotherapy Ltd

Company Information

Director

Mrs HM Howard-Thompson

Registered office

The Business Village @BarnsleyBIC
Innovation Way
Wilthorpe
Barnsley
South Yorkshire
S75 1JL

Accountants

Cameron Alexander Accountants Limited
Chartered Certified Accountants
2 Western Street
Barnsley
S70 2BP

 

Yorkshire Psychotherapy Ltd

(Registration number: 10545593)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

23,525

20,219

Current assets

 

Debtors

4

5,132

1,609

Cash at bank and in hand

 

7,110

9,759

 

12,242

11,368

Creditors: Amounts falling due within one year

5

(8,733)

(13,105)

Net current assets/(liabilities)

 

3,509

(1,737)

Total assets less current liabilities

 

27,034

18,482

Creditors: Amounts falling due after more than one year

5

(14,705)

(17,130)

Provisions for liabilities

(899)

(236)

Net assets

 

11,430

1,116

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

11,330

1,016

Shareholders' funds

 

11,430

1,116

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.

Director's 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 director acknowledges her 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 director on 28 November 2024
 

.........................................
Mrs HM Howard-Thompson
Director

 

Yorkshire Psychotherapy Ltd

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

1

Accounting policies

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.

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.

Tax

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

The current income 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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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.

 

Yorkshire Psychotherapy Ltd

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

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:

Asset class

Depreciation method and rate

Fixtures & Fittings

25% on reducing balance

Office Equipment

25% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leasing and hire purchase contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.

 

Yorkshire Psychotherapy Ltd

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 3).

3

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

17,950

5,631

23,581

Additions

-

4,406

4,406

At 31 March 2024

17,950

10,037

27,987

Depreciation

At 1 April 2023

-

3,362

3,362

Charge for the year

-

1,100

1,100

At 31 March 2024

-

4,462

4,462

Carrying amount

At 31 March 2024

17,950

5,575

23,525

At 31 March 2023

17,950

2,269

20,219

Included within the net book value of land and buildings above is £17,950 (2023 - £17,950) in respect of freehold land and buildings.
 

4

Debtors

Current

2024
£

2023
£

Trade debtors

-

1,564

Prepayments

45

45

Other debtors

5,087

-

 

5,132

1,609

 

Yorkshire Psychotherapy Ltd

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

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

7

2,778

2,778

Trade creditors

 

637

2,239

Other creditors

 

4,673

8,088

HP and finance lease liabilities

 

645

-

 

8,733

13,105

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

14,705

17,130

 

Yorkshire Psychotherapy Ltd

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

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

50

50

50

50

Ordinary A of £1 each

50

50

50

50

100

100

100

100

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

14,352

17,130

Hire purchase contracts

353

-

14,705

17,130

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,778

2,778

Hire purchase contracts

645

-

3,423

2,778

8

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

At 31 March 2024
£

Mrs HM Howard-Thompson

No interest is charged on the loan and there is no fixed date of repayment.

428

428

 

Yorkshire Psychotherapy Ltd

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

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

Mrs HM Howard-Thompson

No interest is charged on the loan and there is no fixed date of repayment.

(6,641)

7,069

428