Registration number:
Seven Hills Psychology Ltd
for the Year Ended 31 May 2025
Seven Hills Psychology Ltd
(Registration number: 14873136)
Balance Sheet as at 31 May 2025
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2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
Seven Hills Psychology Ltd
(Registration number: 14873136)
Balance Sheet as at 31 May 2025 (continued)
.........................................
Dr E Callan
Director
Seven Hills Psychology Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025
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Accounting policies |
Statutory information
Seven Hills Psychology Ltd is a private company, limited by shares, domiciled in England and Wales, company number 14873136. The registered office is at Blenheim Reach, Ecclesall Road, Sheffield, S11 8TH.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Seven Hills Psychology Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)
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Accounting policies (continued) |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Fixtures, Fittings & Equipment |
25% straight line |
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Tangible assets |
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Fixtures, fittings & equipment |
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Cost or valuation |
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At 1 June 2024 |
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Additions |
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At 31 May 2025 |
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Depreciation |
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At 1 June 2024 |
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Charge for the year |
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At 31 May 2025 |
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Carrying amount |
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At 31 May 2025 |
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At 31 May 2024 |
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Debtors |
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2025 |
2024 |
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Trade debtors |
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Other debtors |
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Seven Hills Psychology Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)
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Creditors |
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2025 |
2024 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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