The Psychology Clinic Farnham Limited - Accounts to registrar (filleted) - small 23.1.2

The Psychology Clinic Farnham Limited - Accounts to registrar (filleted) - small 23.1.2


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REGISTERED NUMBER: 13668270 (England and Wales)















Unaudited Financial Statements

for the Period 8 October 2021 to 31 March 2023

for

The Psychology Clinic Farnham Limited

The Psychology Clinic Farnham Limited (Registered number: 13668270)






Contents of the Financial Statements
for the Period 8 October 2021 to 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Psychology Clinic Farnham Limited

Company Information
for the Period 8 October 2021 to 31 March 2023







DIRECTOR: Dr A M P Kenyon





SECRETARY: Ms A Collins





REGISTERED OFFICE: Suite 1, 31 Sheephouse
Farnham
Surrey
GU9 8LR





BUSINESS ADDRESS: 111 West Street
Farnham
GU9 7HH





REGISTERED NUMBER: 13668270 (England and Wales)





ACCOUNTANTS: Inghams Tax & Accounting Limited
Suite 1
31 Sheephouse
Farnham
Surrey
GU9 8LR

The Psychology Clinic Farnham Limited (Registered number: 13668270)

Balance Sheet
31 March 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 922

CURRENT ASSETS
Debtors 5 14,075
Cash at bank 12,753
26,828
CREDITORS
Amounts falling due within one year 6 20,880
NET CURRENT ASSETS 5,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,870

PROVISIONS FOR LIABILITIES 209
NET ASSETS 6,661

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings 6,651
SHAREHOLDERS' FUNDS 6,661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2023 and were signed by:




Dr A M P Kenyon - Director


The Psychology Clinic Farnham Limited (Registered number: 13668270)

Notes to the Financial Statements
for the Period 8 October 2021 to 31 March 2023

1. STATUTORY INFORMATION

The Psychology Clinic Farnham 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 fair value and represents income derived from clinical activities of the business during the year.

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 cost

Taxation
Taxation for the period 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 period 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.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price) less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

The Psychology Clinic Farnham Limited (Registered number: 13668270)

Notes to the Financial Statements - continued
for the Period 8 October 2021 to 31 March 2023

2. ACCOUNTING POLICIES - continued

Creditors and financial instruments
Basic financial instruments are recognised at amortised cost, with any changes in fair value being recognised in the profit and loss.

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,230
At 31 March 2023 1,230
DEPRECIATION
Charge for period 308
At 31 March 2023 308
NET BOOK VALUE
At 31 March 2023 922

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 5,985
Other debtors 8,090
14,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 17,873
Other creditors 3,007
20,880

7. OTHER FINANCIAL COMMITMENTS

The company's has no significant financial commitments at the balance sheet date, it's treatment rooms being let under license at £400 per month, with a notice period of one to three months.

The Psychology Clinic Farnham Limited (Registered number: 13668270)

Notes to the Financial Statements - continued
for the Period 8 October 2021 to 31 March 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2023:

£   
Dr A M P Kenyon
Balance outstanding at start of period -
Amounts advanced 7,771
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 7,771

At 31 March 2023 an amount of £7,771 had been loaned by the company to it's director. The amount was subsequently repaid.