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Registration number: 14873136

Seven Hills Psychology Ltd

Directors' Report and Unaudited Financial Statements

for the Year Ended 31 May 2025

 

Seven Hills Psychology Ltd

(Registration number: 14873136)

Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

3

1,546

833

Current assets

 

Debtors

4

26,173

20,846

Cash at bank and in hand

 

128,895

72,967

 

155,068

93,813

Creditors: Amounts falling due within one year

5

(30,710)

(24,717)

Net current assets

 

124,358

69,096

Total assets less current liabilities

 

125,904

69,929

Provisions for liabilities

(387)

-

Net assets

 

125,517

69,929

Capital and reserves

 

Called up share capital

2

2

Retained earnings

125,515

69,927

Shareholders' funds

 

125,517

69,929

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 28 July 2025 and signed on its behalf by:
 

.........................................

Dr E Callan

Director

 

Seven Hills Psychology Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1

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)

1

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:

Asset class

Depreciation method and rate

Fixtures, Fittings & Equipment

25% straight line

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

3

Tangible assets

Fixtures, fittings & equipment
£

Cost or valuation

At 1 June 2024

998

Additions

999

At 31 May 2025

1,997

Depreciation

At 1 June 2024

165

Charge for the year

286

At 31 May 2025

451

Carrying amount

At 31 May 2025

1,546

At 31 May 2024

833

4

Debtors

2025
£

2024
£

Trade debtors

26,171

20,844

Other debtors

2

2

 

26,173

20,846

 

Seven Hills Psychology Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025 (continued)

5

Creditors

2025
£

2024
£

Due within one year

Taxation and social security

28,710

22,717

Accruals and deferred income

2,000

2,000

30,710

24,717