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REGISTERED NUMBER: 09061520 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 May 2024

for

Freedom Psychology Limited

Freedom Psychology Limited (Registered number: 09061520)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Freedom Psychology Limited

Company Information
for the Year Ended 30 May 2024







DIRECTOR: Dr K E L Hocken





REGISTERED OFFICE: Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA





REGISTERED NUMBER: 09061520 (England and Wales)





ACCOUNTANTS: Haines Watts
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Freedom Psychology Limited (Registered number: 09061520)

Balance Sheet
30 May 2024

30.5.24 30.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 166 195
166 195

CURRENT ASSETS
Debtors 6 15,286 10,883
Cash at bank 1,902 36
17,188 10,919
CREDITORS
Amounts falling due within one year 7 8,222 6,411
NET CURRENT ASSETS 8,966 4,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,132

4,703

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,131 4,702
SHAREHOLDERS' FUNDS 9,132 4,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 February 2025 and were signed by:



Dr K E L Hocken - Director


Freedom Psychology Limited (Registered number: 09061520)

Notes to the Financial Statements
for the Year Ended 30 May 2024

1. STATUTORY INFORMATION

Freedom Psychology Limited 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
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.

At the balance sheet date the company had a net deficit position and was reliant on the continuing support of its director. This support is expected to continue for the foreseeable future and so it is on this basis that the accounts have been prepared on a going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Office Equipment - 15% 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 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 1 (2023 - 1 ) .

Freedom Psychology Limited (Registered number: 09061520)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 May 2023
and 30 May 2024 960
AMORTISATION
At 31 May 2023
and 30 May 2024 960
NET BOOK VALUE
At 30 May 2024 -
At 30 May 2023 -

5. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 31 May 2023
and 30 May 2024 270
DEPRECIATION
At 31 May 2023 75
Charge for year 29
At 30 May 2024 104
NET BOOK VALUE
At 30 May 2024 166
At 30 May 2023 195

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Other debtors 15,286 10,883

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Trade creditors 703 851
Taxation and social security 6,619 4,732
Other creditors 900 828
8,222 6,411

Freedom Psychology Limited (Registered number: 09061520)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 May 2024 and 30 May 2023:

30.5.24 30.5.23
£    £   
Dr K E L Hocken
Balance outstanding at start of year 8,138 944
Amounts advanced 6,010 14,118
Amounts repaid (2,719 ) (6,924 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,429 8,138