Registered number
12182670
Spiral Psychology Limited
Filleted Accounts
31 August 2024
Spiral Psychology Limited
Registered number: 12182670
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,500 6,600
Tangible assets 4 212 426
5,712 7,026
Current assets
Cash at bank and in hand 58,962 91,354
Creditors: amounts falling due within one year 5 (31,343) (63,516)
Net current assets 27,619 27,838
Net assets 33,331 34,864
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,231 34,764
Shareholder's funds 33,331 34,864
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Venetia Leonidaki
Director
Approved by the board on 23 May 2025
Spiral Psychology Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Goodwill amortised over 10 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 11,000
At 31 August 2024 11,000
Amortisation
At 1 September 2023 4,400
Provided during the year 1,100
At 31 August 2024 5,500
Net book value
At 31 August 2024 5,500
At 31 August 2023 6,600
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 1,067
At 31 August 2024 1,067
Depreciation
At 1 September 2023 641
Charge for the year 214
At 31 August 2024 855
Net book value
At 31 August 2024 212
At 31 August 2023 426
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,397 1,556
Other creditors 27,946 61,960
31,343 63,516
6 Other information
Spiral Psychology Limited is a private company limited by shares and incorporated in England. Its registered office is:
12a Eccleston
Street
London
SW1W 9LT
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