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Company registration number: 11010732
New Beginnings Young People's Care And Support Services Ltd
Unaudited filleted financial statements
31 October 2023
New Beginnings Young People's Care And Support Services Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
New Beginnings Young People's Care And Support Services Ltd
Directors and other information
Director L Dunbar
Company number 11010732
Registered office 5 Brett Street
Birkenhead
Wirral
CH41 8DP
Accountants Hailwood & Co
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
New Beginnings Young People's Care And Support Services Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of New Beginnings Young People's Care And Support Services Ltd
Year ended 31 October 2023
As described on the Statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 October 2023, as set out on pages 3 to 6.
You consider that the company is exempt from an audit under the Companies Act 2006. 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 from information and explanations supplied to us.
Hailwood & Co
Chartered Accountant
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
27 July 2024
New Beginnings Young People's Care And Support Services Ltd
Statement of financial position
31 October 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 45,089 44,634
Cash at bank and in hand 5,736 2,022
_______ _______
50,825 46,656
Creditors: amounts falling due
within one year 6 ( 51,689) ( 46,644)
_______ _______
Net current (liabilities)/assets ( 864) 12
_______ _______
Total assets less current liabilities ( 864) 12
_______ _______
Net (liabilities)/assets ( 864) 12
_______ _______
Capital and reserves
Called up share capital 12 12
Profit and loss account ( 876) -
_______ _______
Shareholder (deficit)/funds ( 864) 12
_______ _______
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 27 July 2024 , and are signed on behalf of the board by:
L Dunbar
Director
Company registration number: 11010732
New Beginnings Young People's Care And Support Services Ltd
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 5 Brett Street, Birkenhead, Wirral, CH41 8DP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2022: 13 ).
5. Debtors
2023 2022
£ £
Trade debtors 40,185 35,184
Other debtors 4,904 9,450
_______ _______
45,089 44,634
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 27,503 6,235
Corporation tax - 7,730
Social security and other taxes 20,945 28,595
Other creditors 3,241 4,084
_______ _______
51,689 46,644
_______ _______
7. Controlling party
The company is controlled by the director whose name is shown on the director's report.
8. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.