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Company Registration No. SC704579 (Scotland)
Mapp Psychology Ltd Unaudited accounts for the year ended 31 July 2024
Mapp Psychology Ltd Unaudited accounts Contents
Page
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Mapp Psychology Ltd Company Information for the year ended 31 July 2024
Directors
Ralph Anderson Fraser Smith Michael Rice
Company Number
SC704579 (Scotland)
Registered Office
7 Buchanan Street Glasglow Scotland G1 3HL
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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Mapp Psychology Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
8,400 
12,600 
Tangible assets
11,904 
11,635 
20,304 
24,235 
Current assets
Debtors
75 
164 
Cash at bank and in hand
50,150 
10,563 
50,225 
10,727 
Creditors: amounts falling due within one year
(54,287)
(33,096)
Net current liabilities
(4,062)
(22,369)
Total assets less current liabilities
16,242 
1,866 
Creditors: amounts falling due after more than one year
(15,907)
- 
Net assets
335 
1,866 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
334 
1,865 
Shareholders' funds
335 
1,866 
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by
Ralph Anderson Director Company Registration No. SC704579
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Mapp Psychology Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Mapp Psychology Ltd is a private company, limited by shares, registered in Scotland, registration number SC704579. The registered office is 7 Buchanan Street, Glasglow, Scotland, G1 3HL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
Computer equipment
25% Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Mapp Psychology Ltd Notes to the Accounts for the year ended 31 July 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
21,000 
At 31 July 2024
21,000 
Amortisation
At 1 August 2023
8,400 
Charge for the year
4,200 
At 31 July 2024
12,600 
Net book value
At 31 July 2024
8,400 
At 31 July 2023
12,600 
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
4,469 
15,582 
20,051 
Additions
2,841 
1,396 
4,237 
At 31 July 2024
7,310 
16,978 
24,288 
Depreciation
At 1 August 2023
1,598 
6,818 
8,416 
Charge for the year
1,428 
2,540 
3,968 
At 31 July 2024
3,026 
9,358 
12,384 
Net book value
At 31 July 2024
4,284 
7,620 
11,904 
At 31 July 2023
2,871 
8,764 
11,635 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
164 
Other debtors
75 
- 
75 
164 
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Mapp Psychology Ltd Notes to the Accounts for the year ended 31 July 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,804 
4,600 
VAT
2,947 
- 
Taxes and social security
29,402 
13,033 
Proposed dividends
12,001 
- 
Other creditors
1,733 
- 
Loans from directors
- 
7,830 
Accruals
2,400 
7,633 
54,287 
33,096 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,907 
- 
9
Average number of employees
During the year the average number of employees was 7 (2023: 1).
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