Cognitiva Psychological Services Limited 31/07/2018 iXBRL

Cognitiva Psychological Services Limited 31/07/2018 iXBRL

COGNITIVA PSYCHOLOGICAL SERVICES LIMITED - Company Information

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31/07/2018 2018-07-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-08-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 09713260 2017-08-01 2018-07-31 09713260 2018-07-31 09713260 2016-08-01 2017-07-31 09713260 2017-07-31 09713260 bus:Director1 2017-08-01 2018-07-31 09713260 core:WithinOneYear 2018-07-31 09713260 core:WithinOneYear 2017-07-31 09713260 core:ShareCapital 2018-07-31 09713260 core:ShareCapital 2017-07-31 09713260 core:RetainedEarningsAccumulatedLosses 2018-07-31 09713260 core:RetainedEarningsAccumulatedLosses 2017-07-31 09713260 bus:Director1 2017-07-31 09713260 bus:Director1 2018-07-31 09713260 bus:Director1 2016-07-31 09713260 bus:Director1 2017-07-31 09713260 bus:Director1 2016-08-01 2017-07-31 09713260 bus:SmallEntities 2017-08-01 2018-07-31 09713260 bus:AuditExemptWithAccountantsReport 2017-08-01 2018-07-31 09713260 bus:FullAccounts 2017-08-01 2018-07-31 09713260 bus:SmallCompaniesRegimeForAccounts 2017-08-01 2018-07-31 09713260 bus:PrivateLimitedCompanyLtd 2017-08-01 2018-07-31
Company registration number: 09713260
Cognitiva Psychological Services Limited
Unaudited filleted financial statements
31 July 2018
COGNITIVA PSYCHOLOGICAL SERVICES LIMITED
Contents
Statement of financial position
Notes to the financial statements
COGNITIVA PSYCHOLOGICAL SERVICES LIMITED
STATEMENT OF FINANCIAL POSITION
31 JULY 2018
2018 2017
Note £ £ £ £
Current assets
Debtors 5 20,305 10,044
Cash at bank and in hand 102,866 55,102
_______ _______
123,171 65,146
Creditors: amounts falling due
within one year 6 ( 15,647) ( 11,749)
_______ _______
Net current assets 107,524 53,397
_______ _______
Total assets less current liabilities 107,524 53,397
_______ _______
Net assets 107,524 53,397
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 7 107,424 53,297
_______ _______
Shareholders funds 107,524 53,397
_______ _______
For the year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 December 2018 , and are signed on behalf of the board by:
Dr B J Smith
Director
Company registration number: 09713260
COGNITIVA PSYCHOLOGICAL SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26-28 Southernhay East, Exeter, Devon, EX1 1NS.
Principal activity
The principal activity of the company during the year was the provision of psychological services.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).
5. Debtors
2018 2017
£ £
Trade debtors 20,305 10,044
_______ _______
6. Creditors: amounts falling due within one year
2018 2017
£ £
Accruals and deferred income 1,236 6,888
Social security and other taxes 13,617 3,995
Other creditors 794 866
_______ _______
15,647 11,749
_______ _______
7. Reserves
Profit and loss account:This reserve records retained earnings and accumulated losses.
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
Loans to / (from) director at 1 August 2017 Loans to / (from) the director Amounts repaid Balance at 31 July 2018
£ £ £ £
Director ( 866) ( 794) 866 ( 794)
_______ _______ _______ _______
Loans to / (from) director at 1 August 2016 Loans to / (from) the director Amounts repaid Balance at 31 July 2017
£ £ £ £
Director ( 1,172) ( 16,070) 16,376 ( 866)
_______ _______ _______ _______
Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.