Acorah Software Products - Accounts Production 16.5.460 false true 28 February 2024 1 March 2023 false 29 February 2024 28 February 2025 28 February 2025 10024970 Dr Gary Lavan Mrs Gillian Lavan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10024970 2024-02-28 10024970 2025-02-28 10024970 2024-02-29 2025-02-28 10024970 frs-core:CurrentFinancialInstruments 2025-02-28 10024970 frs-core:Non-currentFinancialInstruments 2025-02-28 10024970 frs-core:BetweenOneFiveYears 2025-02-28 10024970 frs-core:ComputerEquipment 2025-02-28 10024970 frs-core:ComputerEquipment 2024-02-29 2025-02-28 10024970 frs-core:ComputerEquipment 2024-02-28 10024970 frs-core:MotorVehicles 2025-02-28 10024970 frs-core:MotorVehicles 2024-02-29 2025-02-28 10024970 frs-core:MotorVehicles 2024-02-28 10024970 frs-core:WithinOneYear 2025-02-28 10024970 frs-core:ShareCapital 2025-02-28 10024970 frs-core:RetainedEarningsAccumulatedLosses 2025-02-28 10024970 frs-bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 10024970 frs-bus:FilletedAccounts 2024-02-29 2025-02-28 10024970 frs-bus:SmallEntities 2024-02-29 2025-02-28 10024970 frs-bus:AuditExempt-NoAccountantsReport 2024-02-29 2025-02-28 10024970 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-29 2025-02-28 10024970 frs-bus:Director1 2024-02-29 2025-02-28 10024970 frs-bus:Director2 2024-02-29 2025-02-28 10024970 frs-countries:EnglandWales 2024-02-29 2025-02-28 10024970 2023-02-28 10024970 2024-02-28 10024970 2023-03-01 2024-02-28 10024970 frs-core:CurrentFinancialInstruments 2024-02-28 10024970 frs-core:Non-currentFinancialInstruments 2024-02-28 10024970 frs-core:BetweenOneFiveYears 2024-02-28 10024970 frs-core:WithinOneYear 2024-02-28 10024970 frs-core:ShareCapital 2024-02-28 10024970 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28
Registered number: 10024970
The School Psychology Service Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
The School Psychology Service Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
The School Psychology Service Ltd
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 10024970

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 6,113 |  | 12,225
|  |  | 6,113 |  | 12,225
CURRENT ASSETS
Debtors | 5 | 110,564 |  | 105,073 |
Cash at bank and in hand |  | 102,715 |  | 68,974 |
|  | 213,279 |  | 174,047 |
Creditors: Amounts Falling Due Within One Year | 6 | (34,735 ) |  | (31,166 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 178,544 |  | 142,881
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 184,657 |  | 155,106
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (11,968 ) |  | (14,706 )
NET ASSETS |  |  | 172,689 |  | 140,400
CAPITAL AND RESERVES
Called up share capital | 10 |  | 10 |  | 10
Profit and Loss Account |  |  | 172,679 |  | 140,390
SHAREHOLDERS' FUNDS |  |  | 172,689 |  | 140,400

Page 1
Page 2
The School Psychology Service Ltd
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 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 Profit and Loss Account.
On behalf of the board

Dr Gary Lavan Director
21 August 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
The School Psychology Service Ltd
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
The School Psychology Service Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10024970 . The registered office is Creative Industries Building Wolverhampton, Science Park, Glaiser Drive, Wolverhampton, West Midlands, WV10 9TG.
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.
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:

Motor Vehicles | 25% on cost
Computer Equipment | 25% on cost

2.4. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
The School Psychology Service Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets

| Motor Vehicles | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 29 February 2024 | 23,979 | 779 | 24,758
As at 28 February 2025 | 23,979 | 779 | 24,758
Depreciation
As at 29 February 2024 | 11,990 | 543 | 12,533
Provided during the period | 5,995 | 117 | 6,112
As at 28 February 2025 | 17,985 | 660 | 18,645
Net Book Value
As at 28 February 2025 | 5,994 | 119 | 6,113
As at 29 February 2024 | 11,989 | 236 | 12,225

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 23,564 |  | 36,573
Other debtors | 87,000 |  | 68,500
| 110,564 |  | 105,073

Page 4
Page 5
The School Psychology Service Ltd
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 2,720 |  | 2,720
Corporation tax | 25,558 |  | 22,362
Other taxes and social security | 2,196 |  | 2,072
Other creditors | 1,079 |  | 622
Accruals and deferred income | 2,064 |  | 900
Directors' loan accounts | 1,118 |  | 2,490
| 34,735 |  | 31,166

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 11,968 |  | 14,706

8. Secured Creditors
Of the creditors the following amounts are secured.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 14,706 |  | 17,426

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 2,720 |  | 2,720
Later than one year and not later than five years | 11,968 |  | 14,706
| 14,688 |  | 17,426
| 14,688 |  | 17,426

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 10 |  | 10

11. Related Party Transactions
Other debtors include an interest free loan to Lavan UK Ltd of £87,000 (2024 : £68,500), a company in which the director has a partcipating interest.
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