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REGISTERED NUMBER: 08135987 (England and Wales)















VALLEY GARDENS CHILDRENS CLUB LIMITED

Unaudited Financial Statements For The Year Ended 31 July 2023






VALLEY GARDENS CHILDRENS CLUB LIMITED (REGISTERED NUMBER: 08135987)






Contents of the Financial Statements
For The Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

VALLEY GARDENS CHILDRENS CLUB LIMITED

Company Information
For The Year Ended 31 July 2023







DIRECTOR: Mrs J Rowley





SECRETARY:





REGISTERED OFFICE: 39 Milton Terrace
North Shields
Tyne and Wear
NE29 0PB





REGISTERED NUMBER: 08135987 (England and Wales)





ACCOUNTANTS: Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD

VALLEY GARDENS CHILDRENS CLUB LIMITED (REGISTERED NUMBER: 08135987)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 384 332

CURRENT ASSETS
Debtors 5 430 989
Cash at bank and in hand 2,913 1,621
3,343 2,610
CREDITORS
Amounts falling due within one year 6 31,978 29,154
NET CURRENT LIABILITIES (28,635 ) (26,544 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,251

)

(26,212

)

PROVISIONS FOR LIABILITIES 8 73 63
NET LIABILITIES (28,324 ) (26,275 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (28,325 ) (26,276 )
SHAREHOLDERS' FUNDS (28,324 ) (26,275 )

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

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

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:




Mrs J Rowley - Director


VALLEY GARDENS CHILDRENS CLUB LIMITED (REGISTERED NUMBER: 08135987)

Notes to the Financial Statements
For The Year Ended 31 July 2023

1. STATUTORY INFORMATION

Valley Gardens Childrens Club 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.

Significant judgements
There were no judgements made that were significant enough to warrant disclosure.

Turnover
Turnover excludes VAT as the company is not VAT registered and represents the total receivable by the company. The revenue is recognised when the service provided has been completed.

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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year 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 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.

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.

Significant estimates
There were no estimates made that were significant enough to warrant disclosure.

VALLEY GARDENS CHILDRENS CLUB LIMITED (REGISTERED NUMBER: 08135987)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 410 406 899 1,715
Additions - - 160 160
At 31 July 2023 410 406 1,059 1,875
DEPRECIATION
At 1 August 2022 349 253 781 1,383
Charge for year 15 23 70 108
At 31 July 2023 364 276 851 1,491
NET BOOK VALUE
At 31 July 2023 46 130 208 384
At 31 July 2022 61 153 118 332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 403 495
Prepayments and accrued income 27 494
430 989

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 499
Social security and other taxes 81 -
Directors' current accounts 31,348 26,859
Accruals and deferred income - 1,270
Accrued expenses 549 526
31,978 29,154

7. FINANCIAL INSTRUMENTS

Debtors are shown at their impaired value (i.e. less doubtful debts).

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 73 63

VALLEY GARDENS CHILDRENS CLUB LIMITED (REGISTERED NUMBER: 08135987)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2022 63
Provided during year 10
Balance at 31 July 2023 73

9. RELATED PARTY DISCLOSURES

No transactions with related parties were undertaken that required disclosure under FRS 102 section 1A small entities.

VALLEY GARDENS CHILDRENS CLUB LIMITED

Report of the Accountants to the Director of
Valley Gardens Childrens Club Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Ron Joyce Ltd
Chartered Certified Accountant
18 Norham Road
Whitley Bay
Tyne and Wear
NE26 2SD


27 March 2024