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REGISTERED NUMBER: 10393520 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sound Mind Psychotherapy Service Ltd

Sound Mind Psychotherapy Service Ltd (Registered number: 10393520)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Sound Mind Psychotherapy Service Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs L P Oliveira





REGISTERED OFFICE: 1248 New Chester Road
Eastham
Merseyside
CH62 9AF





REGISTERED NUMBER: 10393520 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

Sound Mind Psychotherapy Service Ltd (Registered number: 10393520)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,433 5,695

CURRENT ASSETS
Debtors 5 - 23,870
Cash at bank 13,440 11,300
13,440 35,170
CREDITORS
Amounts falling due within one year 6 35,613 31,000
NET CURRENT (LIABILITIES)/ASSETS (22,173 ) 4,170
TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,740

)

9,865

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (18,840 ) 9,765
SHAREHOLDERS' FUNDS (18,740 ) 9,865

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 her 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.

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 29 November 2024 and were signed by:





Mrs L P Oliveira - Director


Sound Mind Psychotherapy Service Ltd (Registered number: 10393520)

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

1. STATUTORY INFORMATION

Sound Mind Psychotherapy Service 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
The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate nor curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's bankers and creditors

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.
Equipment - 33% on cost and 15% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 12,610
DEPRECIATION
At 1 April 2023 6,915
Charge for year 2,262
At 31 March 2024 9,177
NET BOOK VALUE
At 31 March 2024 3,433
At 31 March 2023 5,695

Sound Mind Psychotherapy Service Ltd (Registered number: 10393520)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 23,870

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 750 -
Taxation and social security 10,125 6,644
Other creditors 24,738 24,356
35,613 31,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary Shares £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2023 9,765
Profit for the year 32,895
Dividends (61,500 )
At 31 March 2024 (18,840 )

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors at the balance sheet date is an amount of £380 owed by the company to the Director Mrs L.Oliveira.

10. RELATED PARTY DISCLOSURES

During the year under review a dividend of £61,500 (£59,000 - 2023) was voted in relation to the Director Mrs L.Oliveira and her family interests.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs L P Oliveira.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sound Mind Psychotherapy Service 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 Balance Sheet. 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 Sound Mind Psychotherapy Service Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet 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 Sound Mind Psychotherapy Service Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sound Mind Psychotherapy Service Ltd and state those matters that we have agreed to state to the director of Sound Mind Psychotherapy Service 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 Sound Mind Psychotherapy Service Ltd and its director for our work or for this report.

It is your duty to ensure that Sound Mind Psychotherapy Service 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 profit of Sound Mind Psychotherapy Service Ltd. You consider that Sound Mind Psychotherapy Service 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 Sound Mind Psychotherapy Service 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.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


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