Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 08012733 Mr Michael Olson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08012733 2023-12-31 08012733 2024-12-31 08012733 2024-01-01 2024-12-31 08012733 frs-core:CurrentFinancialInstruments 2024-12-31 08012733 frs-core:Non-currentFinancialInstruments 2024-12-31 08012733 frs-core:ComputerEquipment 2024-12-31 08012733 frs-core:ComputerEquipment 2024-01-01 2024-12-31 08012733 frs-core:ComputerEquipment 2023-12-31 08012733 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 08012733 frs-bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 08012733 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 08012733 frs-bus:SmallEntities 2024-01-01 2024-12-31 08012733 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 08012733 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 08012733 frs-bus:Director1 2024-01-01 2024-12-31 08012733 frs-countries:EnglandWales 2024-01-01 2024-12-31 08012733 2022-12-31 08012733 2023-12-31 08012733 2023-01-01 2023-12-31 08012733 frs-core:CurrentFinancialInstruments 2023-12-31 08012733 frs-core:Non-currentFinancialInstruments 2023-12-31 08012733 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08012733
Psychotherapy Excellence Limited
Financial Statements
For The Year Ended 31 December 2024
Business 1st UK Ltd
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 08012733
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,158 910
1,158 910
CURRENT ASSETS
Stocks 5 - 2,606
Debtors 6 53,639 53,539
Cash at bank and in hand 1,625,216 1,119,781
1,678,855 1,175,926
Creditors: Amounts Falling Due Within One Year 7 (391,093 ) (313,685 )
NET CURRENT ASSETS (LIABILITIES) 1,287,762 862,241
TOTAL ASSETS LESS CURRENT LIABILITIES 1,288,920 863,151
Creditors: Amounts Falling Due After More Than One Year 8 (346,100 ) (346,100 )
NET ASSETS 942,820 517,051
Income and Expenditure Account 942,820 517,051
MEMBERS' FUNDS 942,820 517,051
For the year ending 31 December 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mr Michael Olson
Director
26/06/2025
The notes on pages 2 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Psychotherapy Excellence Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 08012733 . The registered office is Pound Farm House, Horse Road, Hilperton, Wiltshire, BA14 7PD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% per annum straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating surplus.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 January 2024 12,249
Additions 1,100
Disposals (3,268 )
As at 31 December 2024 10,081
...CONTINUED
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Depreciation
As at 1 January 2024 11,339
Provided during the period 852
Disposals (3,268 )
As at 31 December 2024 8,923
Net Book Value
As at 31 December 2024 1,158
As at 1 January 2024 910
5. Stocks
2024 2023
£ £
Stock - 2,606
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 39,761 49,141
Prepayments and accrued income 13,878 4,398
53,639 53,539
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 68,243 68,369
Other creditors 90,215 84,406
Taxation and social security 232,635 160,910
391,093 313,685
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Amounts owed to group undertakings 346,100 346,100
9. Related Party Transactions
During the year the company paid PESI INC (its ultimate parent company) £118,821 in professional fees in relation to a monthly service charge fee (2023: £211,067).
During the year the company paid PESI INC (its parent company) £558,193 in royalties in relation to the company's sales of PESI INC products (2023: £442,305).
During the year the company received from PESI INC (its parent company) £96,245 in royalties in relation to PESI INC sales of the company's products (2023: £177,724).
During the year company paid PESI AU (its sister company, whose ultimate parent company is PESI INC) £8,324 in relation to the company's sales of PESI AU products (2023: £2,896).
During the year the company received from PESI AU (its sister company, whose ultimate parent company is PESI INC) £27,220 in royalties in relation to PESI AU sales of the company's products (2023: £10,546).
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10. Company limited by guarantee
The company is limited by guarantee and has no share capital. Psychotherapy Excellence Ltd trades under the name PESI UK and is a subsidiary of PESI INC, a company incorporated in the United States.  PESI Inc is the ultimate parent company of Psychotherapy Excellence Ltd T/A PESI UK.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
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