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REGISTERED NUMBER: 08708861 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

CORE PSYCHOLOGY LIMITED

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

CORE PSYCHOLOGY LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P J Cliff





REGISTERED OFFICE: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





REGISTERED NUMBER: 08708861 (England and Wales)





ACCOUNTANTS: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

Abridged Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,582 21,032
Tangible assets 5 20,547 32,020
39,129 53,052

CURRENT ASSETS
Debtors 6 354,771 276,631
Cash in hand 1,670 1,670
356,441 278,301
CREDITORS
Amounts falling due within one year 168,917 123,032
NET CURRENT ASSETS 187,524 155,269
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,653

208,321

CREDITORS
Amounts falling due after more than one
year

(224,261

)

(140,953

)

PROVISIONS FOR LIABILITIES (1,913 ) (4,172 )
NET ASSETS 479 63,196

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 478 63,195
SHAREHOLDERS' FUNDS 479 63,196

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





P J Cliff - Director


CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

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

1. STATUTORY INFORMATION

Core 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.

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.

The accounts have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 24,500
AMORTISATION
At 1 July 2023 3,468
Amortisation for year 2,450
At 30 June 2024 5,918
NET BOOK VALUE

At 30 June 2024 18,582
At 30 June 2023 21,032

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 104,370
Additions 1,232
At 30 June 2024 105,602
DEPRECIATION
At 1 July 2023 72,350
Charge for year 12,705
At 30 June 2024 85,055
NET BOOK VALUE
At 30 June 2024 20,547
At 30 June 2023 32,020

CORE PSYCHOLOGY LIMITED (REGISTERED NUMBER: 08708861)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Totals
£   
COST
At 1 July 2023 36,000
Transfer to ownership (36,000 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 14,307
Transfer to ownership (14,307 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 21,693

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Amounts owed by group undertakings 123,468 114,935

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30/6/24 30/6/23
£    £   
P J Cliff
Balance outstanding at start of year 3,716 113,428
Amounts advanced 198,813 27,167
Amounts repaid (71,198 ) (136,879 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 131,331 3,716

Interest is charged at a rate of 2.25% per annum. The loan is repayable on demand.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Core Psychology Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Core Psychology Limited for the year ended 30 June 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Core Psychology Limited in accordance with the terms of our engagement letter dated 18 September 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Core Psychology Limited and state those matters that we have agreed to state to the director of Core Psychology Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Core Psychology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Core Psychology Limited. You consider that Core Psychology Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Core Psychology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


28 March 2025