Cognitive Therapies Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06801683 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2022

for

COGNITIVE THERAPIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

Mr D Brough

Registered office:

Mind Healthcare, Suite 3

Second Floor Elizabeth House

Southgate

Wigan

Lancashire

WN3 4EX

Registered number:

06801683 (England and Wales)

Accountants:

NRB

1st Floor Waterside House

Waterside Drive

Wigan

Lancashire

WN3 5AZ

FIXED ASSETS

Tangible assets

4

3,894

4,363

CURRENT ASSETS

Cash at bank

10,334

21,282

CREDITORS

Amounts falling due within one year

5

13,083

26,413

NET CURRENT LIABILITIES

(2,749

)

(5,131

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,145

(768

)

PROVISIONS FOR LIABILITIES

6

740

370

NET ASSETS/(LIABILITIES)

405

(1,138

)

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

395

(1,148

)

SHAREHOLDERS' FUNDS

405

(1,138

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2023 and were signed by:

Mr D Brough - Director

1.	STATUTORY INFORMATION

Cognitive Therapies Ltd 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.

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

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 February 2021

6,968

2,211

9,179

Additions

-

828

828

At 31 January 2022

6,968

3,039

10,007

DEPRECIATION

At 1 February 2021

4,263

553

4,816

Charge for year

676

621

1,297

At 31 January 2022

4,939

1,174

6,113

NET BOOK VALUE

At 31 January 2022

2,029

1,865

3,894

At 31 January 2021

2,705

1,658

4,363

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.22

31.1.21

£

£

Trade creditors

-

(1

)

Taxation and social security

7,718

3,518

Other creditors

5,365

22,896

13,083

26,413

6.	PROVISIONS FOR LIABILITIES

31.1.22

31.1.21

£

£

Deferred tax

740

370

Deferred

tax

£

Balance at 1 February 2021

370

Charge to Statement of Income and Retained Earnings during year

370

Balance at 31 January 2022

740

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.22

31.1.21

value:

£

£

10

Ordinary

£1

10

10

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Brough.