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REGISTERED NUMBER: SC458210 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

FOR

CLASS 4 KIDS LTD

CLASS 4 KIDS LTD (REGISTERED NUMBER: SC458210)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLASS 4 KIDS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023







DIRECTORS: M J Audis
C A A Bayne
R H Binns
A J W Brown





REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC458210 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

CLASS 4 KIDS LTD (REGISTERED NUMBER: SC458210)

BALANCE SHEET
30 JUNE 2023

2023 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 241,712

CURRENT ASSETS
Debtors 5 575,714 359,914
Cash at bank - 299,714
575,714 659,628
CREDITORS
Amounts falling due within one year 6 - 169,839
NET CURRENT ASSETS 575,714 489,789
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,714

731,501

CREDITORS
Amounts falling due after more than one
year

7

-

35,829
NET ASSETS 575,714 695,672

CAPITAL AND RESERVES
Called up share capital 187 171
Share premium 3,514,657 3,032,369
Retained earnings (2,939,130 ) (2,336,868 )
SHAREHOLDERS' FUNDS 575,714 695,672

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

CLASS 4 KIDS LTD (REGISTERED NUMBER: SC458210)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





A J W Brown - Director


CLASS 4 KIDS LTD (REGISTERED NUMBER: SC458210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

1. STATUTORY INFORMATION

Class 4 Kids 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 been prepared under the historical cost convention.

Turnover
Turnover represents the amounts derived from the provision of services which fall within the company's ordinary activities. Revenue is recognised on provision of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on a straight line basis
Plant and machinery - 20% on a reducing balance basis
Fixtures and fittings - 15% on a reducing balance basis
Computer equipment - 33% on a reducing balance basis

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 47 (2021 - 52 ) .

CLASS 4 KIDS LTD (REGISTERED NUMBER: SC458210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2022 194,852 1,250 31,619 86,948 314,669
Additions - - 728 - 728
Disposals (194,852 ) (1,250 ) (32,347 ) (86,948 ) (315,397 )
At 30 June 2023 - - - - -
DEPRECIATION
At 1 January 2022 7,329 450 13,449 51,729 72,957
Charge for period 4,222 171 3,035 14,108 21,536
Eliminated on disposal (11,551 ) (621 ) (16,484 ) (65,837 ) (94,493 )
At 30 June 2023 - - - - -
NET BOOK VALUE
At 30 June 2023 - - - - -
At 31 December 2021 187,523 800 18,170 35,219 241,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Amounts owed by group undertakings 575,714 -
Other debtors - 359,914
575,714 359,914

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2021
£    £   
Bank loans and overdrafts - 9,999
Trade creditors - 13,485
Taxation and social security - 131,904
Other creditors - 14,451
- 169,839

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2021
£    £   
Bank loans - 35,829

CLASS 4 KIDS LTD (REGISTERED NUMBER: SC458210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 30 JUNE 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2021
£    £   
Within one year - 3,787
Between one and five years - 3,472
- 7,259