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REGISTERED NUMBER: SC638614 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

The Psychology Rooms Ltd

The Psychology Rooms Ltd (Registered number: SC638614)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Psychology Rooms Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Dr Yvonne L McNeill





REGISTERED OFFICE: 25 Sandyford Place
Glasgow
G3 7NG





REGISTERED NUMBER: SC638614 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

The Psychology Rooms Ltd (Registered number: SC638614)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,316 74,142

CURRENT ASSETS
Debtors 5 48,000 46,435
Cash at bank 14,761 13,492
62,761 59,927
CREDITORS
Amounts falling due within one year 6 73,295 67,300
NET CURRENT LIABILITIES (10,534 ) (7,373 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,782

66,769

CREDITORS
Amounts falling due after more than one
year

7

(39,192

)

(52,391

)

PROVISIONS FOR LIABILITIES 8 (11,154 ) (12,576 )
NET ASSETS 4,436 1,802

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 4,336 1,702
SHAREHOLDERS' FUNDS 4,436 1,802

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Psychology Rooms Ltd (Registered number: SC638614)

Balance Sheet - continued
30 September 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 11 March 2025 and were signed by:





Dr Yvonne L McNeill - Director


The Psychology Rooms Ltd (Registered number: SC638614)

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

1. STATUTORY INFORMATION

The Psychology Rooms Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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 - 10% on cost
Fittings and equipment - 15% on reducing balance
Motor vehicles - 20% on cost

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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.


The Psychology Rooms Ltd (Registered number: SC638614)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 9 ) .

The Psychology Rooms Ltd (Registered number: SC638614)

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

4. TANGIBLE FIXED ASSETS
Improvements Fittings
to and Motor Computer
property equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 13,375 31,457 60,190 - 105,022
Additions - 6,374 - 2,300 8,674
At 30 September 2024 13,375 37,831 60,190 2,300 113,696
DEPRECIATION
At 1 October 2023 5,425 13,417 12,038 - 30,880
Charge for year 1,338 3,663 12,038 461 17,500
At 30 September 2024 6,763 17,080 24,076 461 48,380
NET BOOK VALUE
At 30 September 2024 6,612 20,751 36,114 1,839 65,316
At 30 September 2023 7,950 18,040 48,152 - 74,142

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,750 43,185
Other debtors 3,250 3,250
48,000 46,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,400 6,400
Hire purchase contracts 6,801 6,801
Taxation and social security 53,442 49,377
Other creditors 6,652 4,722
73,295 67,300

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 4,267 10,667
Hire purchase contracts 34,925 41,724
39,192 52,391

The Psychology Rooms Ltd (Registered number: SC638614)

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

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 11,154 12,576

Deferred
tax
£   
Balance at 1 October 2023 12,576
Provided during year (1,422 )
Balance at 30 September 2024 11,154

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary A £1 80 80
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
100 100

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Yvonne L McNeill.