2 01/03/2023 28/02/2024 2024-02-28 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-03-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC443381 2023-03-01 2024-02-28 SC443381 2024-02-28 SC443381 2023-02-28 SC443381 2022-03-01 2023-02-28 SC443381 2023-02-28 SC443381 2022-02-28 SC443381 core:FurnitureFittingsToolsEquipment 2023-03-01 2024-02-28 SC443381 bus:RegisteredOffice 2023-03-01 2024-02-28 SC443381 bus:LeadAgentIfApplicable 2023-03-01 2024-02-28 SC443381 bus:Director1 2023-03-01 2024-02-28 SC443381 bus:Director2 2023-03-01 2024-02-28 SC443381 bus:Director3 2023-03-01 2024-02-28 SC443381 bus:Director4 2023-03-01 2024-02-28 SC443381 core:FurnitureFittingsToolsEquipment 2023-02-28 SC443381 core:FurnitureFittingsToolsEquipment 2024-02-28 SC443381 core:WithinOneYear 2024-02-28 SC443381 core:WithinOneYear 2023-02-28 SC443381 core:AfterOneYear 2024-02-28 SC443381 core:AfterOneYear 2023-02-28 SC443381 core:ShareCapital 2024-02-28 SC443381 core:ShareCapital 2023-02-28 SC443381 core:RetainedEarningsAccumulatedLosses 2024-02-28 SC443381 core:RetainedEarningsAccumulatedLosses 2023-02-28 SC443381 core:FurnitureFittingsToolsEquipment 2023-02-28 SC443381 bus:SmallEntities 2023-03-01 2024-02-28 SC443381 bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC443381 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC443381 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC443381 bus:FullAccounts 2023-03-01 2024-02-28
Company registration number: SC443381
Clinical Psychology Partnership Ltd
Unaudited filleted financial statements
28 February 2024
Clinical Psychology Partnership Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Clinical Psychology Partnership Ltd
Directors and other information
Directors Dr Simon Petrie
Dr Kirsty Dalrymple
Mr Harvey Scott Petrie (Appointed 28 February 2024)
Mr William James Petrie (Appointed 28 February 2024)
Company number SC443381
Registered office Castle House
1 Baker Street
Stirling
FK8 1AL
Accountant Arm in Arm Accounting Limited
Herkimer House
Mill Road Enterprise Park
Linlithgow
EH49 7SF
Clinical Psychology Partnership Ltd
Statement of financial position
28 February 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 877 1,320
_______ _______
877 1,320
Current assets
Debtors 6 303,511 290,477
Cash at bank and in hand 2,190 11,124
_______ _______
305,701 301,601
Creditors: amounts falling due
within one year 7 ( 231,197) ( 131,465)
_______ _______
Net current assets 74,504 170,136
_______ _______
Total assets less current liabilities 75,381 171,456
Creditors: amounts falling due
after more than one year 8 ( 23,824) ( 30,539)
_______ _______
Net assets 51,557 140,917
_______ _______
Capital and reserves
Called up share capital 100 10
Profit and loss account 51,457 140,907
_______ _______
Shareholders funds 51,557 140,917
_______ _______
For the year ending 28 February 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 29 November 2024 , and are signed on behalf of the board by:
Dr Simon Petrie
Director
Company registration number: SC443381
Clinical Psychology Partnership Ltd
Notes to the financial statements
Year ended 28 February 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is PO Box 331, Castle House, 1 Baker Street, Stirling, FK8 1AL.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue is recognised when the company is entitled to income in exchange for the provision of services and the service obligation has been fully completed.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 33 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 75,073 15,461
Social security costs 11 4,216
_______ _______
75,084 19,677
_______ _______
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 March 2023 and 28 February 2024 1,763 1,763
_______ _______
Depreciation
At 1 March 2023 443 443
Charge for the year 443 443
_______ _______
At 28 February 2024 886 886
_______ _______
Carrying amount
At 28 February 2024 877 877
_______ _______
At 28 February 2023 1,320 1,320
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors 48,691 68,730
Other debtors 254,820 221,747
_______ _______
303,511 290,477
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 10,470 10,470
Corporation tax 64,791 91,905
Social security and other taxes 47,359 25,641
Other creditors 108,577 3,449
_______ _______
231,197 131,465
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 23,824 30,539
_______ _______