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REGISTERED NUMBER: SC619979 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Childsplay Cafe Ltd

Childsplay Cafe Ltd (Registered number: SC619979)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Childsplay Cafe Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mrs K Addison-Lyle





REGISTERED OFFICE: 18 Fulbar Street
Renfrew
PA4 8PD





REGISTERED NUMBER: SC619979 (Scotland)





ACCOUNTANTS: GMH Chartered Accountants
St James Business Centre
Linwood Road
Paisley
Renfrewshire
PA3 3AT

Childsplay Cafe Ltd (Registered number: SC619979)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,836 6,806

CURRENT ASSETS
Stocks 100 100
Debtors 5 33,802 28,780
Cash at bank and in hand 781 8,294
34,683 37,174
CREDITORS
Amounts falling due within one year 6 27,309 14,955
NET CURRENT ASSETS 7,374 22,219
TOTAL ASSETS LESS CURRENT LIABILITIES 9,210 29,025

CREDITORS
Amounts falling due after more than one
year

7

(27,056

)

(31,326

)

PROVISIONS FOR LIABILITIES 9 (342 ) (1,286 )
NET LIABILITIES (18,188 ) (3,587 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (18,189 ) (3,588 )
(18,188 ) (3,587 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Childsplay Cafe Ltd (Registered number: SC619979)

Balance Sheet - continued
28 February 2023


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 6 October 2023 and were signed by:





Mrs K Addison-Lyle - Director


Childsplay Cafe Ltd (Registered number: SC619979)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Childsplay Cafe Ltd is a private company, limited by shares , registered in Scotland. 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 prepared under the historical cost convention.

Going Concern

The directors have considered the impact of the COVID-19 virus coupled with the level of financial support offered to the company when preparing these financial statements. The likely impact of the virus in the coming year has been considered and incorporated into the plans for the business over the next 12 months as the company's liabilities exceeds its asset by £18,189. As a result, the directors conclude it appropriate to prepare the financial statements on a going concern basis, on the understanding that the director, who is also the sole shareholder, will continue to financially support the company for the foreseeable future.

Significant judgements and estimates
The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The directors are of the opinion that due to the nature of the business, there are no critical accounting estimates of judgements used in the preparation of these financial statements.

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.
Plant and machinery etc - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Childsplay Cafe Ltd (Registered number: SC619979)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit and loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were sold at the balance sheet date.

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.

Childsplay Cafe Ltd (Registered number: SC619979)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 25,043
Additions 1,267
At 28 February 2023 26,310
DEPRECIATION
At 1 March 2022 18,237
Charge for year 6,237
At 28 February 2023 24,474
NET BOOK VALUE
At 28 February 2023 1,836
At 28 February 2022 6,806

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 590 561
Other debtors 33,212 28,219
33,802 28,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 5,331 4,272
Trade creditors 432 -
Taxation and social security 18,535 9,801
Other creditors 3,011 882
27,309 14,955

Childsplay Cafe Ltd (Registered number: SC619979)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 27,056 31,326

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,968 14,239

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
28.2.23 28.2.22
£    £   
Within one year 24,000 24,567
Between one and five years 10,000 34,000
34,000 58,567

9. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 342 1,286

Deferred
tax
£   
Balance at 1 March 2022 1,286
Credit to Statement of Income and Retained Earnings during year (944 )
Balance at 28 February 2023 342

10. RELATED PARTY DISCLOSURES

In the year, the director operated a loan account. As at the year end, the director owed the company £ 22,311 [2022: the company owed the director £20,354] which is duly included in Other Debtors. Interest and S.455 tax is included where applicable.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs K Addison-Lyle.