Registered number
05903695
CBT Psychology Limited
Filleted Accounts
31 August 2024
CBT Psychology Limited
Registered number: 05903695
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,687 26,939
Current assets
Investments held as current assets 4 1,174,826 857,275
Cash at bank and in hand 81,291 111,902
1,256,117 969,177
Creditors: amounts falling due within one year 5 (382,707) (267,472)
Net current assets 873,410 701,705
Total assets less current liabilities 896,097 728,644
Provisions for liabilities (15,638) (7,693)
Net assets 880,459 720,951
Capital and reserves
Called up share capital 1 1
Profit and loss account 833,545 720,950
Profit and loss account- Non-Distributable 46,913
Shareholder's funds 880,459 720,951
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 his 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.
Ms M Khan
Director
Approved by the board on 27 May 2025
CBT 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 and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Office equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office equipment Motor vehicles Total
£ £ £
Cost
At 1 September 2023 10,311 32,470 42,781
Additions 3,310 - 3,310
At 31 August 2024 13,621 32,470 46,091
Depreciation
At 1 September 2023 7,724 8,118 15,842
Charge for the year 1,474 6,088 7,562
At 31 August 2024 9,198 14,206 23,404
Net book value
At 31 August 2024 4,423 18,264 22,687
At 31 August 2023 2,587 24,352 26,939
4 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 1,174,826 857,275
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 62,550 34,970
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 180 125
Taxation and social security costs 49,734 38,523
Other creditors 332,793 228,824
382,707 267,472
6 Other information
CBT Psychology Limited is a private company limited by shares and incorporated in England. Its registered office is:
311 Regents Park Road
London
N3 1DP
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