BrightAccountsProduction v1.0.0 v1.0.0 2022-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is to enhance the development and education of children under statutory school age by encouraging parents/guardians to understand and provide for the needs of their children by offering appropriate play facilities and by ensuring that the company offers opportunities for all choldren regardless of religion, culture race or means. 10 April 2024 0 0 NI035073 2023-08-31 NI035073 2022-08-31 NI035073 2021-08-31 NI035073 2022-09-01 2023-08-31 NI035073 2021-09-01 2022-08-31 NI035073 uk-bus:CompanyLimitedByGuarantee 2022-09-01 2023-08-31 NI035073 uk-curr:PoundSterling 2022-09-01 2023-08-31 NI035073 uk-bus:AbridgedAccounts 2022-09-01 2023-08-31 NI035073 uk-core:RetainedEarningsAccumulatedLosses 2023-08-31 NI035073 uk-core:RetainedEarningsAccumulatedLosses 2022-08-31 NI035073 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-08-31 NI035073 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-08-31 NI035073 uk-bus:FRS102 2022-09-01 2023-08-31 NI035073 uk-core:LandBuildings 2022-09-01 2023-08-31 NI035073 uk-core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 NI035073 uk-core:MotorVehicles 2022-09-01 2023-08-31 NI035073 2022-09-01 2023-08-31 NI035073 uk-bus:CompanySecretaryDirector1 2022-09-01 2023-08-31 NI035073 uk-bus:Director2 2022-09-01 2023-08-31 NI035073 uk-bus:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI035073
 
 
First Steps Community Group
(A company limited by guarantee, not having a share capital)
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 August 2023
First Steps Community Group
(A company limited by guarantee, not having a share capital)
Company Registration Number: NI035073
ABRIDGED BALANCE SHEET
as at 31 August 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 3 98,254 107,176
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Current Assets
Debtors 53,764 53,578
Cash and cash equivalents 1,740 8,607
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55,504 62,185
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Creditors: amounts falling due within one year (4,020) (3,840)
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Net Current Assets 51,484 58,345
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Total Assets less Current Liabilities 149,738 165,521
 
Government grants (80,089) (90,190)
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Net Assets 69,649 75,331
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Reserves
Retained surplus 69,649 75,331
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Members' Funds 69,649 75,331
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 10 April 2024 and signed on its behalf by
           
           
           
________________________________     ________________________________
Dolores Crowe     Cherry Keatley
Director     Director
           



First Steps Community Group
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 August 2023

   
1. General Information
 
First Steps Community Group is a company limited by guarantee incorporated in Northern Ireland. 1 Munie Road, Castlederg, Co Tyrone, BT81 7QJ is the registered office, which is also the principal place of business of the company. The principal activity of the company is to enhance the development and education of children under statutory school age by encouraging parents/guardians to understand and provide for the needs of their children by offering appropriate play facilities and by ensuring that the company offers opportunities for all choldren regardless of religion, culture race or means. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 August 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Fixtures, fittings and equipment - 20% Reducing balance
  Motor vehicles - 25% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
           
3. Tangible assets
  Land and Fixtures, Motor Total
  buildings fittings and vehicles  
  freehold equipment    
  £ £ £ £
Cost
At 1 September 2022 313,685 55,613 - 369,298
Additions - 4,386 5,500 9,886
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At 31 August 2023 313,685 59,999 5,500 379,184
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Depreciation
At 1 September 2022 227,927 34,195 - 262,122
Charge for the financial year 12,547 5,161 1,100 18,808
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At 31 August 2023 240,474 39,356 1,100 280,930
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Net book value
At 31 August 2023 73,211 20,643 4,400 98,254
  ═════════ ═════════ ═════════ ═════════
At 31 August 2022 85,758 21,418 - 107,176
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4. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 August 2023.
   
5. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.