REGISTERED NUMBER: 07077959 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

PSYCHOLOGY SUSSEX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr K C A M Baboulene

REGISTERED OFFICE:

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

REGISTERED NUMBER:

07077959 (England and Wales)

ACCOUNTANTS:

Hartley Fowler LLP

Chartered Accountants

Pavilion View

19 New Road

Brighton

East Sussex

BN1 1EY

FIXED ASSETS

Tangible assets

4

40,721

46,008

CURRENT ASSETS

Debtors

5

42,900

64,583

Cash at bank and in hand

73,943

99,029

116,843

163,612

CREDITORS

Amounts falling due within one year

6

27,136

16,939

NET CURRENT ASSETS

89,707

146,673

TOTAL ASSETS LESS CURRENT LIABILITIES

130,428

192,681

PROVISIONS FOR LIABILITIES

8

-

3,217

NET ASSETS

130,428

189,464

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

130,328

189,364

SHAREHOLDERS' FUNDS

130,428

189,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 by the director and authorised for issue on 17 September 2025 and were signed by:

Dr K C A M Baboulene - Director

1.	STATUTORY INFORMATION

Psychology Sussex 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

Revenue is measured at fair value of the consideration received or receivable.

Revenue is recognised when services are provided and represents the amounts received for the provision of psychology services.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance and over the lease term

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

590

11,695

38,790

10,739

61,814

Additions

-

-

-

1,878

1,878

At 31 December 2024

590

11,695

38,790

12,617

63,692

DEPRECIATION

At 1 January 2024

27

5,958

2,828

6,993

15,806

Charge for year

141

1,436

4,495

1,093

7,165

At 31 December 2024

168

7,394

7,323

8,086

22,971

NET BOOK VALUE

At 31 December 2024

422

4,301

31,467

4,531

40,721

At 31 December 2023

563

5,737

35,962

3,746

46,008

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

10,709

29,445

Other debtors

32,191

35,138

42,900

64,583

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,029

6,950

Taxation and social security

2,470

779

Other creditors

19,637

9,210

27,136

16,939

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

29,250

47,250

Between one and five years

4,500

4,500

33,750

51,750

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

-

3,217

Deferred

tax

£

Balance at 1 January 2024

3,217

Credit to Income Statement during year

(3,217

)

Balance at 31 December 2024

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Dr K C A M Baboulene

Balance outstanding at start of year

321

66,055

Amounts advanced

740

61,769

Amounts repaid

(566

)

(127,503

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

495

321

No interest has been charged on the outstanding amount (2023: interest charged at a rate of 2% and 2.25% amounting to £922) This loan is repayable on demand.