1 November 2023 false Taxfiler 2024.6 07119496business:PrivateLimitedCompanyLtd2023-11-012024-10-31 071194962023-10-31 071194962023-11-012024-10-31 07119496business:AuditExemptWithAccountantsReport2023-11-012024-10-31 07119496business:FilletedAccounts2023-11-012024-10-31 071194962024-10-31 07119496business:Director12023-11-012024-10-31 07119496business:Director22023-11-012024-10-31 07119496business:RegisteredOffice2023-11-012024-10-31 071194962023-10-31 07119496core:WithinOneYear2024-10-31 07119496core:WithinOneYear2023-10-31 07119496core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 07119496core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 07119496core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 07119496core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 07119496core:PreviouslyStatedAmount2024-10-31 07119496core:PreviouslyStatedAmount2023-10-31 07119496business:SmallEntities2023-11-012024-10-31 07119496countries:EnglandWales2023-11-012024-10-31 07119496core:FurnitureFittings2023-11-012024-10-31 07119496core:ComputerEquipment2023-11-012024-10-31 07119496core:MotorVehicles2023-10-31 07119496core:FurnitureFittings2023-10-31 07119496core:ComputerEquipment2023-10-31 07119496core:MotorVehicles2023-11-012024-10-31 07119496core:MotorVehicles2024-10-31 07119496core:FurnitureFittings2024-10-31 07119496core:ComputerEquipment2024-10-31 07119496business:OrdinaryShareClass12023-11-012024-10-31 07119496business:OrdinaryShareClass12022-11-012023-10-31 07119496business:Director112023-11-012024-10-31 07119496business:Director112023-10-31 07119496business:Director112024-10-31 071194962022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07119496 (England and Wales)
NPsych Limited Unaudited accounts for the year ended 31 October 2024
NPsych Limited Unaudited accounts Contents
Page
- 2 -
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
- 3 -
NPsych Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,443 
40,129 
Current assets
Debtors
847,235 
847,117 
Cash at bank and in hand
21,492 
4,072 
868,727 
851,189 
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
Deferred tax
- 
(6,814)
Net assets
663,248 
833,581 
Capital and reserves
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
- 4 -
NPsych Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 taxation
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.
Pension costs
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.
- 5 -
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 
Additions
- 
- 
443 
443 
Disposals
(51,707)
- 
- 
(51,707)
At 31 October 2024
- 
14,250 
14,024 
28,274 
Depreciation
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 
Net book value
At 31 October 2024
- 
5,764 
5,679 
11,443 
At 31 October 2023
26,268 
7,205 
6,656 
40,129 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
37,984 
50,237 
Amounts due from group undertakings etc.
809,251 
796,880 
847,235 
847,117 
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)
- 
Accruals
2,258 
1,963 
216,922 
50,923 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares £0.10 of £0.10 each
10 
10 
- 6 -
NPsych Limited Notes to the Accounts for the year ended 31 October 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Neil Parrett
Loan
- 
68,000 
- 
68,000 
- 
68,000 
- 
68,000 
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).
10
Controlling party
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).
- 7 -