Company Registration Number
14451442
SCOPE EARLY YEARS LTD
UNAUDITED FINANCIAL STATEMENTS
31 October 2023
REDBIRD ACCOUNTANTS LTD
Chartered Accountants & Chartered Certified Accountants
72 Evington Road
Leicester
LE2 1HH
SCOPE EARLY YEARS LTD
Registered number: 14451442
Balance Sheet
as at 31 October 2023
Notes 2023
£
Fixed assets
Tangible assets 3 6,146
Current assets
Debtors 4 158,872
Cash at bank and in hand 86,458
245,330
Creditors: amounts falling due within one year 5 (125,659)
Net current assets 119,671
Net assets 125,817
Capital and reserves
Called up share capital 100
Profit and loss account 125,717
Shareholder's funds 125,817
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Farah Farooq
Director
Approved by the board on 29 July 2024
SCOPE EARLY YEARS LTD
Notes to the Accounts
for the period from 31 October 2022 to 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023
Number
Average number of persons employed by the company 8
3 Tangible fixed assets
Office Equipment
£
Cost
Additions 7,097
At 31 October 2023 7,097
Depreciation
Charge for the period 951
At 31 October 2023 951
Net book value
At 31 October 2023 6,146
4 Debtors 2023
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest 108,000
Other debtors 50,872
158,872
5 Creditors: amounts falling due within one year 2023
£
Bank loans and overdrafts 8,308
Taxation and social security costs 38,947
Other creditors 78,404
125,659
6 Other information
SCOPE EARLY YEARS LTD is a private company limited by shares and incorporated in England. Its registered office is:
394 Gipsy Lane
Leicester
LE4 7DA
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