Real World Psychology Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08292317 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2021

for

Real World Psychology Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr C Small

REGISTERED OFFICE:

3B Lockheed Court

Preston Farm

Stockton-on-Tees

Cleveland

TS18 3SH

REGISTERED NUMBER:

08292317 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Intangible assets

4

-

4,838

Tangible assets

5

5,792

6,287

Investments

6

100

100

5,892

11,225

CURRENT ASSETS

Debtors

7

10,699

7,041

Cash at bank

19,376

3,139

30,075

10,180

CREDITORS

Amounts falling due within one year

8

17,075

16,588

NET CURRENT ASSETS/(LIABILITIES)

13,000

(6,408

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,892

4,817

PROVISIONS FOR LIABILITIES

1,100

1,195

NET ASSETS

17,792

3,622

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

17,692

3,522

SHAREHOLDERS' FUNDS

17,792

3,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2021 and were signed by:

Dr C Small - Director

1.	STATUTORY INFORMATION

Real World 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.

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, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

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 etc

-

25% on reducing balance, 25% on cost and 15% on reducing balance

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 profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2020

and 31 March 2021

24,186

AMORTISATION

At 1 April 2020

19,348

Charge for year

4,838

At 31 March 2021

24,186

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

4,838

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

12,832

Additions

2,223

At 31 March 2021

15,055

DEPRECIATION

At 1 April 2020

6,545

Charge for year

2,718

At 31 March 2021

9,263

NET BOOK VALUE

At 31 March 2021

5,792

At 31 March 2020

6,287

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2020

and 31 March 2021

100

NET BOOK VALUE

At 31 March 2021

100

At 31 March 2020

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

10,699

7,041

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

1,077

557

Amounts owed to group undertakings

3,824

3,824

Taxation and social security

10,234

9,269

Other creditors

1,940

2,938

17,075

16,588