Prime Psychology Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC540982

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,502		2,002

			1,502		2,002
CURRENT ASSETS
Debtors	5	20,852		11,793
Cash at bank and in hand		11,926		10,758

		32,778		22,551
Creditors: Amounts Falling Due Within One Year	6	(33,921 )		(24,083 )

NET CURRENT ASSETS (LIABILITIES)			(1,143 )		(1,532 )

TOTAL ASSETS LESS CURRENT LIABILITIES			359		470

PROVISIONS FOR LIABILITIES
Deferred Taxation			(285 )		(380 )

NET ASSETS			74		90

CAPITAL AND RESERVES
Called up share capital	7		5		5
Profit and Loss Account			69		85

SHAREHOLDERS' FUNDS			74		90

Page 1

Page 2

Prime Psychology Ltd

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 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 director acknowledges her 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. Tara Pennington

Director

23/04/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Prime Psychology Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC540982 . The registered office is 5 Millar Crescent, Edinburgh, EH10 5HN.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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:

Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	33% straight line

2.4. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 September 2024	584	7,556	899	9,039

As at 31 August 2025	584	7,556	899	9,039

Depreciation
As at 1 September 2024	363	5,775	899	7,037
Provided during the period	55	445	-	500

As at 31 August 2025	418	6,220	899	7,537

...CONTINUED

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Page 4

Prime Psychology Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

Net Book Value
As at 31 August 2025	166	1,336	-	1,502

As at 1 September 2024	221	1,781	-	2,002

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	5,344	11,793
Other debtors	15,508	-

	20,852	11,793

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,574	2,307
Other creditors	5,666	685
Taxation and social security	15,681	21,091

	33,921	24,083

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	5	5

8. Related Party Transactions

The directors are of the opinion that all related party transactions are conducted under normal market conditions and on an arm's length basis and therefore do not need to be disclosed under FRS 102 section 1A appendix C.

9. Ultimate Controlling Party

The company's ultimate controlling party is Dr Tara Pennington by virtue of her ownership of 100% of the issued share capital in the company.