First Psychology Ltd - Limited company - abbreviated - 11.6

First Psychology Ltd - Limited company - abbreviated - 11.6

FIRST PSYCHOLOGY LTD - Company Information

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REGISTERED NUMBER: SC304032 (Scotland)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2014

for

First Psychology Ltd

First Psychology Ltd (Registered number: SC304032)






Contents of the Abbreviated Accounts
for the Year Ended 30 September 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

First Psychology Ltd

Company Information
for the Year Ended 30 September 2014







DIRECTOR: Dr E J Gillon





SECRETARY: Mrs J Gillon





REGISTERED OFFICE: 29 St Patrick Square
Edinburgh
EH8 9EY





REGISTERED NUMBER: SC304032 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW
Page 1
First Psychology Ltd (Registered number: SC304032)

Abbreviated Balance Sheet
30 September 2014

30/9/14 30/9/13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 25,000 30,000
Tangible assets 3 9,140 7,710
34,140 37,710

CURRENT ASSETS
Debtors 22,044 13,306
Cash at bank and in hand 99,176 52,430
121,220 65,736
CREDITORS
Amounts falling due within one year 73,619 50,547
NET CURRENT ASSETS 47,601 15,189
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,741
52,899

PROVISIONS FOR LIABILITIES 1,500 1,309
NET ASSETS 80,241 51,590

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 80,239 51,588
SHAREHOLDERS' FUNDS 80,241 51,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
First Psychology Ltd (Registered number: SC304032)

Abbreviated Balance Sheet - continued
30 September 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 18 June 2015 and were signed by:





Dr E J Gillon - Director


The notes form part of these abbreviated accounts

Page 3
First Psychology Ltd (Registered number: SC304032)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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

Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 50,000
AMORTISATION
At 1 October 2013 20,000
Amortisation for year 5,000
At 30 September 2014 25,000
NET BOOK VALUE

At 30 September 2014 25,000
At 30 September 2013 30,000

Page 4 continued...
First Psychology Ltd (Registered number: SC304032)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013 12,662
Additions 3,918
At 30 September 2014 16,580
DEPRECIATION
At 1 October 2013 4,952
Charge for year 2,488
At 30 September 2014 7,440
NET BOOK VALUE
At 30 September 2014 9,140
At 30 September 2013 7,710

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/14 30/9/13
value: £    £   
1 Ordinary Shares 1 1 1
1 Ordinary A shares 1 1 1
2 2

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2014 and
30 September 2013:

30/9/14 30/9/13
£    £   
Dr E J Gillon
Balance outstanding at start of year 21,625 19,000
Amounts advanced 6,861 8,877
Amounts repaid (22,791 ) (6,252 )
Balance outstanding at end of year 5,695 21,625

At the year end, the Company owed the Director, Ewan Gillon, £5,696 (2013 : £21,626). The loan is interest free
and has no fixed repayment terms.

Page 5