2023-07-012024-06-302024-06-30false11133500W1PSYCH LTD2025-03-17falseiso4217:GBPxbrli:pure111335002023-07-01111335002024-06-30111335002023-07-012024-06-30111335002022-07-01111335002023-06-30111335002022-07-012023-06-3011133500bus:SmallEntities2023-07-012024-06-3011133500bus:AuditExempt-NoAccountantsReport2023-07-012024-06-3011133500bus:AbridgedAccounts2023-07-012024-06-3011133500bus:PrivateLimitedCompanyLtd2023-07-012024-06-3011133500core:WithinOneYear2024-06-3011133500core:AfterOneYear2024-06-3011133500core:WithinOneYear2023-06-3011133500core:AfterOneYear2023-06-3011133500core:ShareCapital2024-06-3011133500core:SharePremium2024-06-3011133500core:RevaluationReserve2024-06-3011133500core:OtherReservesSubtotal2024-06-3011133500core:RetainedEarningsAccumulatedLosses2024-06-3011133500core:ShareCapital2023-06-3011133500core:SharePremium2023-06-3011133500core:RevaluationReserve2023-06-3011133500core:OtherReservesSubtotal2023-06-3011133500core:RetainedEarningsAccumulatedLosses2023-06-3011133500core:LandBuildings2024-06-3011133500core:PlantMachinery2024-06-3011133500core:Vehicles2024-06-3011133500core:FurnitureFittings2024-06-3011133500core:OfficeEquipment2024-06-3011133500core:NetGoodwill2024-06-3011133500core:IntangibleAssetsOtherThanGoodwill2024-06-3011133500core:ListedExchangeTraded2024-06-3011133500core:UnlistedNon-exchangeTraded2024-06-3011133500core:LandBuildings2023-06-3011133500core:PlantMachinery2023-06-3011133500core:Vehicles2023-06-3011133500core:FurnitureFittings2023-06-3011133500core:OfficeEquipment2023-06-3011133500core:NetGoodwill2023-06-3011133500core:IntangibleAssetsOtherThanGoodwill2023-06-3011133500core:ListedExchangeTraded2023-06-3011133500core:UnlistedNon-exchangeTraded2023-06-3011133500core:LandBuildings2023-07-012024-06-3011133500core:PlantMachinery2023-07-012024-06-3011133500core:Vehicles2023-07-012024-06-3011133500core:FurnitureFittings2023-07-012024-06-3011133500core:OfficeEquipment2023-07-012024-06-3011133500core:NetGoodwill2023-07-012024-06-3011133500core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3011133500core:ListedExchangeTraded2023-07-012024-06-3011133500core:UnlistedNon-exchangeTraded2023-07-012024-06-3011133500core:MoreThanFiveYears2023-07-012024-06-3011133500core:Non-currentFinancialInstruments2024-06-3011133500core:Non-currentFinancialInstruments2023-06-3011133500dpl:CostSales2023-07-012024-06-3011133500dpl:DistributionCosts2023-07-012024-06-3011133500core:LandBuildings2023-07-012024-06-3011133500core:PlantMachinery2023-07-012024-06-3011133500core:Vehicles2023-07-012024-06-3011133500core:FurnitureFittings2023-07-012024-06-3011133500core:OfficeEquipment2023-07-012024-06-3011133500dpl:AdministrativeExpenses2023-07-012024-06-3011133500core:NetGoodwill2023-07-012024-06-3011133500core:IntangibleAssetsOtherThanGoodwill2023-07-012024-06-3011133500dpl:GroupUndertakings2023-07-012024-06-3011133500dpl:ParticipatingInterests2023-07-012024-06-3011133500dpl:GroupUndertakingscore:ListedExchangeTraded2023-07-012024-06-3011133500core:ListedExchangeTraded2023-07-012024-06-3011133500dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-07-012024-06-3011133500core:UnlistedNon-exchangeTraded2023-07-012024-06-3011133500dpl:CostSales2022-07-012023-06-3011133500dpl:DistributionCosts2022-07-012023-06-3011133500core:LandBuildings2022-07-012023-06-3011133500core:PlantMachinery2022-07-012023-06-3011133500core:Vehicles2022-07-012023-06-3011133500core:FurnitureFittings2022-07-012023-06-3011133500core:OfficeEquipment2022-07-012023-06-3011133500dpl:AdministrativeExpenses2022-07-012023-06-3011133500core:NetGoodwill2022-07-012023-06-3011133500core:IntangibleAssetsOtherThanGoodwill2022-07-012023-06-3011133500dpl:GroupUndertakings2022-07-012023-06-3011133500dpl:ParticipatingInterests2022-07-012023-06-3011133500dpl:GroupUndertakingscore:ListedExchangeTraded2022-07-012023-06-3011133500core:ListedExchangeTraded2022-07-012023-06-3011133500dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-07-012023-06-3011133500core:UnlistedNon-exchangeTraded2022-07-012023-06-3011133500core:NetGoodwill2024-06-3011133500core:IntangibleAssetsOtherThanGoodwill2024-06-3011133500core:LandBuildings2024-06-3011133500core:PlantMachinery2024-06-3011133500core:Vehicles2024-06-3011133500core:FurnitureFittings2024-06-3011133500core:OfficeEquipment2024-06-3011133500core:AfterOneYear2024-06-3011133500core:WithinOneYear2024-06-3011133500core:ListedExchangeTraded2024-06-3011133500core:UnlistedNon-exchangeTraded2024-06-3011133500core:ShareCapital2024-06-3011133500core:SharePremium2024-06-3011133500core:RevaluationReserve2024-06-3011133500core:OtherReservesSubtotal2024-06-3011133500core:RetainedEarningsAccumulatedLosses2024-06-3011133500core:NetGoodwill2023-06-3011133500core:IntangibleAssetsOtherThanGoodwill2023-06-3011133500core:LandBuildings2023-06-3011133500core:PlantMachinery2023-06-3011133500core:Vehicles2023-06-3011133500core:FurnitureFittings2023-06-3011133500core:OfficeEquipment2023-06-3011133500core:AfterOneYear2023-06-3011133500core:WithinOneYear2023-06-3011133500core:ListedExchangeTraded2023-06-3011133500core:UnlistedNon-exchangeTraded2023-06-3011133500core:ShareCapital2023-06-3011133500core:SharePremium2023-06-3011133500core:RevaluationReserve2023-06-3011133500core:OtherReservesSubtotal2023-06-3011133500core:RetainedEarningsAccumulatedLosses2023-06-3011133500core:NetGoodwill2022-07-0111133500core:IntangibleAssetsOtherThanGoodwill2022-07-0111133500core:LandBuildings2022-07-0111133500core:PlantMachinery2022-07-0111133500core:Vehicles2022-07-0111133500core:FurnitureFittings2022-07-0111133500core:OfficeEquipment2022-07-0111133500core:AfterOneYear2022-07-0111133500core:WithinOneYear2022-07-0111133500core:ListedExchangeTraded2022-07-0111133500core:UnlistedNon-exchangeTraded2022-07-0111133500core:ShareCapital2022-07-0111133500core:SharePremium2022-07-0111133500core:RevaluationReserve2022-07-0111133500core:OtherReservesSubtotal2022-07-0111133500core:RetainedEarningsAccumulatedLosses2022-07-0111133500core:AfterOneYear2023-07-012024-06-3011133500core:WithinOneYear2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:CostValuation2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-012024-06-3011133500core:Non-currentFinancialInstrumentscore:CostValuation2024-06-3011133500core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-06-3011133500core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-06-3011133500core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-06-3011133500core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-06-3011133500core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-06-3011133500core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-06-3011133500core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-06-3011133500core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-06-3011133500core:Non-currentFinancialInstrumentscore:CostValuation2023-06-3011133500core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-06-3011133500core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-06-3011133500core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-06-3011133500core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-06-3011133500core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-06-3011133500core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-06-3011133500core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-06-3011133500core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-06-3011133500bus:Director12023-07-012024-06-30

W1PSYCH LTD

Registered Number
11133500
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

W1PSYCH LTD
Company Information
for the year from 1 July 2023 to 30 June 2024

Director

Leon Van Huyssteen

Registered Address

2 Upperton Gardens
Eastbourne
BN21 2AH

Registered Number

11133500 (England and Wales)
W1PSYCH LTD
Statement of Financial Position
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets310,74914,681
10,74914,681
Current assets
Debtors677,952697,176
Cash at bank and on hand13,7197,921
691,671705,097
Creditors amounts falling due within one year4(277,656)(250,172)
Net current assets (liabilities)414,015454,925
Total assets less current liabilities424,764469,606
Creditors amounts falling due after one year(19,986)(26,928)
Net assets404,778442,678
Capital and reserves
Called up share capital1,0001,000
Profit and loss account403,778441,678
Shareholders' funds404,778442,678
The financial statements were approved and authorised for issue by the Director on 17 March 2025, and are signed on its behalf by:
Leon Van Huyssteen
Director
Registered Company No. 11133500
W1PSYCH LTD
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Office Equipment33
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 July 2335,807
At 30 June 2435,807
Depreciation and impairment
At 01 July 2321,126
Charge for year3,932
At 30 June 2425,059
Net book value
At 30 June 2410,749
At 30 June 2314,681
4.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts10,64810,648
Taxation and social security154,765184,523
Accrued liabilities and deferred income112,24355,001
Total277,656250,172
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.