Company Registration No. 05375169 (England and Wales)
CHOICES 4 CHILDREN LTD
Unaudited accounts
for the year ended 29 February 2024
CHOICES 4 CHILDREN LTD
Unaudited accounts
Contents
CHOICES 4 CHILDREN LTD
Company Information
for the year ended 29 February 2024
Directors
Graham Naylor
Angela Naylor
Michael Naylor
Jessica Naylor
Company Number
05375169 (England and Wales)
Registered Office
OLD TROUGHGATE FARM TONG LANE
BRITTANNIA
BACUP
LANCASHIRE
OL13 9XE
UNITED KINGDOM
Accountants
Xeinadin Group
Regent House
Folds Road
Bolton
BL1 2RZ
CHOICES 4 CHILDREN LTD
Statement of financial position
as at 29 February 2024
Tangible assets
429,343
426,438
Cash at bank and in hand
116,433
185,595
Creditors: amounts falling due within one year
(173,802)
(206,437)
Net current assets
63,003
88,659
Total assets less current liabilities
492,346
515,097
Creditors: amounts falling due after more than one year
(204,598)
(227,045)
Provisions for liabilities
Deferred tax
(1,623)
(1,071)
Net assets
286,125
286,981
Called up share capital
2
2
Profit and loss account
286,123
286,979
Shareholders' funds
286,125
286,981
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by
Graham Naylor
Director
Company Registration No. 05375169
CHOICES 4 CHILDREN LTD
Notes to the Accounts
for the year ended 29 February 2024
CHOICES 4 CHILDREN LTD is a private company, limited by shares, registered in England and Wales, registration number 05375169. The registered office is OLD TROUGHGATE FARM TONG LANE, BRITTANNIA, BACUP, LANCASHIRE, OL13 9XE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
20% Reducing balance
Fixtures & fittings
33% Straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
CHOICES 4 CHILDREN LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Total
At 29 February 2024
459,107
At 29 February 2024
29,764
At 29 February 2024
429,343
At 28 February 2023
426,438
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
6
Average number of employees
During the year the average number of employees was 38 (2023: 36).