Registered number
12538884
MAZE GUIDE PSYCHOLOGY LIMITED
Filleted Accounts
31 March 2025
MAZE GUIDE PSYCHOLOGY LIMITED
Registered number: 12538884
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 - 1,128
Current assets
Debtors 4 642 4,926
Cash at bank and in hand 15,883 16,155
16,525 21,081
Creditors: amounts falling due within one year 5 (14,279) (7,275)
Net current assets 2,246 13,806
Total assets less current liabilities 2,246 14,934
Provisions for liabilities - (215)
Net assets 2,246 14,719
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,244 14,717
Shareholder's funds 2,246 14,719
The directors are 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 directors acknowledge their 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 Frances Willis
Director
Approved by the board on 2 April 2025
MAZE GUIDE PSYCHOLOGY LIMITED
Notes to the Accounts
for the year ended 31 March 2025
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:
Plant and machinery over 3 years
Fixtures, fittings, tools and equipment over 3 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.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 3,380
At 31 March 2025 3,380
Depreciation
At 1 April 2024 2,252
Charge for the year 1,128
At 31 March 2025 3,380
Net book value
At 31 March 2025 -
At 31 March 2024 1,128
4 Debtors 2025 2024
£ £
Trade debtors - 4,630
Other debtors 642 296
642 4,926
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 13,358 12,224
Other creditors 921 (4,949)
14,279 7,275
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Dr Frances Willis
Director's Loan Account - 5,579 (5,579) -
- 5,579 (5,579) -
7 Related party transactions
The loan to the director was unsecured, interest free and repayable on demand.
8 Other information
MAZE GUIDE PSYCHOLOGY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
31 Knights Court
Canterbury Gardens
Salford
M5 5AB
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