REGISTERED NUMBER: 06390598 (England and Wales)

WORK PSYCHOLOGY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Prof F C Patterson

Dr M T Kerrin

SECRETARY:

Dr M T Kerrin

REGISTERED OFFICE:

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

REGISTERED NUMBER:

06390598 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

190,349

197,813

Investments

5

-

50

190,349

197,863

CURRENT ASSETS

Debtors

6

418,379

421,100

Cash at bank

1,229,585

1,388,049

1,647,964

1,809,149

CREDITORS

Amounts falling due within one year

7

504,882

614,267

NET CURRENT ASSETS

1,143,082

1,194,882

TOTAL ASSETS LESS CURRENT LIABILITIES

1,333,431

1,392,745

PROVISIONS FOR LIABILITIES

1,939

2,618

NET ASSETS

1,331,492

1,390,127

CAPITAL AND RESERVES

Called up share capital

8

250

250

Retained earnings

1,331,242

1,389,877

SHAREHOLDERS' FUNDS

1,331,492

1,390,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 5 August 2025 and were signed on its behalf by:

Prof F C Patterson - Director

Dr M T Kerrin - Director

1.	STATUTORY INFORMATION

Work Psychology Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from psychology consultancy services are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to when service is given.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest and dividends receivable

Interest income is recognised using the effective interest method and dividend income is recognised as the company’s right to receive payment is established.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 20% on reducing balance

Tangible fixed assets are held at cost less depreciation.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

237,525

93,832

331,357

Additions

-

2,326

2,326

Disposals

-

(175

)

(175

)

At 30 April 2025

237,525

95,983

333,508

DEPRECIATION

At 1 May 2024

50,183

83,361

133,544

Charge for year

4,750

4,865

9,615

At 30 April 2025

54,933

88,226

143,159

NET BOOK VALUE

At 30 April 2025

182,592

7,757

190,349

At 30 April 2024

187,342

10,471

197,813

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2024

50

Disposals

(50

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

50

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

310,043

350,867

Other debtors

108,336

70,233

418,379

421,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade creditors

9,393

43,555

Taxation and social security

261,286

293,657

Other creditors

234,203

277,055

504,882

614,267

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

£

100

Class A Ordinary

£1

100

100

150

Class B ordinary

£1

150

150

250

250

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the directors of the company borrowed £760.00 from the company. The balance at the end of the year totalled £760.00 overdrawn.