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REGISTERED NUMBER: 10061081 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LKY PSYCHOLOGY SOLUTIONS LTD

LKY PSYCHOLOGY SOLUTIONS LTD (REGISTERED NUMBER: 10061081)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


LKY PSYCHOLOGY SOLUTIONS LTD (REGISTERED NUMBER: 10061081)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 12,012 14,919
12,012 14,919

CURRENT ASSETS
Debtors 6 26,268 34,184
Cash at bank 8,662 2,066
34,930 36,250
CREDITORS
Amounts falling due within one year 7 19,406 19,413
NET CURRENT ASSETS 15,524 16,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,536

31,756

PROVISIONS FOR LIABILITIES 1,175 1,125
NET ASSETS 26,361 30,631

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 26,261 30,531
SHAREHOLDERS' FUNDS 26,361 30,631

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.

LKY PSYCHOLOGY SOLUTIONS LTD (REGISTERED NUMBER: 10061081)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 January 2025 and were signed by:





L K Yurdakul - Director


LKY PSYCHOLOGY SOLUTIONS LTD (REGISTERED NUMBER: 10061081)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

LKY Psychology Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10061081

Registered office: 368 Forest Road
London
E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


LKY PSYCHOLOGY SOLUTIONS LTD (REGISTERED NUMBER: 10061081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 9,000
AMORTISATION
At 1 April 2023
and 31 March 2024 9,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

LKY PSYCHOLOGY SOLUTIONS LTD (REGISTERED NUMBER: 10061081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 9,000 11,190 2,978 23,168
Additions - 382 - 382
At 31 March 2024 9,000 11,572 2,978 23,550
DEPRECIATION
At 1 April 2023 338 5,964 1,947 8,249
Charge for year 1,350 1,595 344 3,289
At 31 March 2024 1,688 7,559 2,291 11,538
NET BOOK VALUE
At 31 March 2024 7,312 4,013 687 12,012
At 31 March 2023 8,662 5,226 1,031 14,919

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,600 4,500
Other debtors 22,668 29,684
26,268 34,184

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,043 1,425
Taxation and social security 10,967 12,898
Other creditors 7,396 5,090
19,406 19,413

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

LKY PSYCHOLOGY SOLUTIONS LTD (REGISTERED NUMBER: 10061081)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. RELATED PARTY DISCLOSURES

Included in other debtors is the amount of £22,668 (2023: £29,684) owed by L K Yurdakul, the director, to the company.

The overdrawn director's account was fully paid on 06 April 2024.

The ultimate controlling party is L K Yurdakul.