Company Registration No. 07119496 (England and Wales)
NPsych Limited
Unaudited accounts
for the year ended 31 October 2024
NPsych Limited
Unaudited accounts
Contents
NPsych Limited
Company Information
for the year ended 31 October 2024
Directors
Neil Parrett
Antanas Spokas
Company Number
07119496 (England and Wales)
Registered Office
7 Ducketts Mead
Roydon
Harlow
Essex
CM19 5EG
England
Accountants
Peter Dell CCA
Office 20, CP House
Otterspool Way
Watford
Herts
WD25 8HR
NPsych Limited
Statement of financial position
as at 31 October 2024
Tangible assets
11,443
40,129
Cash at bank and in hand
21,492
4,072
Creditors: amounts falling due within one year
(216,922)
(50,923)
Net current assets
651,805
800,266
Total assets less current liabilities
663,248
840,395
Provisions for liabilities
Net assets
663,248
833,581
Called up share capital
10
10
Profit and loss account
663,238
833,571
Shareholders' funds
663,248
833,581
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by
Neil Parrett
Director
Company Registration No. 07119496
NPsych Limited
Notes to the Accounts
for the year ended 31 October 2024
NPsych Limited is a private company, limited by shares, registered in England and Wales, registration number 07119496. The registered office and principal place of business is 7 Ducketts Mead, Roydon, Harlow, Essex, CM19 5EG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
NPsych Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
51,707
14,250
13,581
79,538
Disposals
(51,707)
-
-
(51,707)
At 31 October 2024
-
14,250
14,024
28,274
At 1 November 2023
25,439
7,045
6,925
39,409
Charge for the year
-
1,441
1,420
2,861
On disposals
(25,439)
-
-
(25,439)
At 31 October 2024
-
8,486
8,345
16,831
At 31 October 2024
-
5,764
5,679
11,443
At 31 October 2023
26,268
7,205
6,656
40,129
Amounts falling due within one year
Trade debtors
37,984
50,237
Amounts due from group undertakings etc.
809,251
796,880
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
441
Trade creditors
4,715
4,595
Amounts owed to group undertakings and other participating interests
191,650
-
Taxes and social security
84,537
42,436
Other creditors
1,762
1,488
Loans from directors
(68,000)
-
Allotted, called up and fully paid:
100 Ordinary shares £0.10 of £0.10 each
10
10
NPsych Limited
Notes to the Accounts
for the year ended 31 October 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
At the year end the director owed the company £68,000. This was repaid by way of dividend on 31 January 2025.
9
Transactions with related parties
During the year the company declared dividends to NPsych Holding Company Limited of £400,000 (2023 - £121,000).
NPsych Holding Company Limited
Office 20, CP House,
Otterspool Way,
Watford,
Herts.
WD25 8HR
Company number: 14479491
11
Average number of employees
During the year the average number of employees was 9 (2023: 8).