Acorah Software Products - Accounts Production 15.0.600 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 11373700 Dr M Jalmbrant iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11373700 2023-05-31 11373700 2024-05-31 11373700 2023-06-01 2024-05-31 11373700 frs-core:CurrentFinancialInstruments 2024-05-31 11373700 frs-core:ComputerEquipment 2024-05-31 11373700 frs-core:ComputerEquipment 2023-06-01 2024-05-31 11373700 frs-core:ComputerEquipment 2023-05-31 11373700 frs-core:ShareCapital 2024-05-31 11373700 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 11373700 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11373700 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 11373700 frs-bus:SmallEntities 2023-06-01 2024-05-31 11373700 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11373700 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11373700 frs-bus:Director1 2023-06-01 2024-05-31 11373700 frs-bus:Director1 2023-05-31 11373700 frs-bus:Director1 2024-05-31 11373700 frs-countries:EnglandWales 2023-06-01 2024-05-31 11373700 2022-05-31 11373700 2023-05-31 11373700 2022-06-01 2023-05-31 11373700 frs-core:CurrentFinancialInstruments 2023-05-31 11373700 frs-core:ShareCapital 2023-05-31 11373700 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 11373700
Dr Jalmbrant's Psychology Practice Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Goldwyns London LLP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11373700
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 197 543
197 543
CURRENT ASSETS
Debtors 5 20,102 17,983
20,102 17,983
Creditors: Amounts Falling Due Within One Year 6 (19,149 ) (17,688 )
NET CURRENT ASSETS (LIABILITIES) 953 295
TOTAL ASSETS LESS CURRENT LIABILITIES 1,150 838
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (59 ) (108 )
NET ASSETS 1,091 730
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 1,090 729
SHAREHOLDERS' FUNDS 1,091 730
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For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr M Jalmbrant
Director
14/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dr Jalmbrant's Psychology Practice Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11373700 . The registered office is Goldwyns London LLP, No.1 Royal Exchange, London, EC3V 3DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements are prepared in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in UK sterling, which is the financial currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.
The principle accounting policies adopted are set below.
2.2. Going Concern Disclosure
The director has considered the prospect of the business for the next twelve months and beyond and has arrived at a reasonable expectation the company will continue to meet its obligations as they fall due. The director has also pledged their financial support to assist with this if required. On this basis, the director will continue to adopt the going concern basis of accounting in preparing the financial statements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.4. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment 33.33% Straight Line
Tangible assets are initially recorded at cost and subsequently stated at cost less accumulated depreciation and impairment losses.
2.5. Financial Instruments
The company only enters into basic financial transactions that result in the recoginition of financial assets and liabilities like trade and other debtors, creditors, loans from banks and other parties, loans to related parties and investments in non- puttable ordinary shares.
2.6. 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 liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2.7. Pensions
The company contributes direct to directors' personal pension schemes. These amounts are recognised in the income statement as and when they are paid into the directors’ pension scheme.
2.8. Cash And Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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2.9. Critical Accounting Judgements And Key Sources of Estimation Uncertainty
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 June 2023 1,627
Additions 295
As at 31 May 2024 1,922
Depreciation
As at 1 June 2023 1,084
Provided during the period 641
As at 31 May 2024 1,725
Net Book Value
As at 31 May 2024 197
As at 1 June 2023 543
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,320 11,455
Director's loan account 11,782 6,528
20,102 17,983
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 11,816 15,288
Accruals and deferred income 7,333 2,400
19,149 17,688
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7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 59 108
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
The nominal value per share is £1, and as at the year-end there is 1 ordinary share in issue.
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 June 2023 Amounts advanced Amounts repaid Amounts written off As at 31 May 2024
£ £ £ £ £
Dr Maria Jalmbrant 6,528 172,569 (167,315 ) - 11,782
The above outstanding amount is to be repaid within nine months of the the year-end.
10. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 46,000 60,500
11. Related Party Transactions
As at the year-end, the directors' loan account balance of Dr M Jalmbrant (the sole director and shareholder of the company) is £11,782. This amount is a current asset, of which interest is charged at a rate of 2.25% per annum on any overdrawn balance in the year that is above £10,000. This outstanding amount will be repaid to the company within nine months of the year-end.
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