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REGISTERED NUMBER: 07120798 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

About Children Limited

About Children Limited (Registered number: 07120798)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


About Children Limited (Registered number: 07120798)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 303,777 309,218

CURRENT ASSETS
Debtors 5 25,252 29,832
Cash at bank and in hand 22,596 8,943
47,848 38,775
CREDITORS
Amounts falling due within one year 6 37,604 29,945
NET CURRENT ASSETS 10,244 8,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

314,021

318,048

CREDITORS
Amounts falling due after more than one
year

7

(144,315

)

(157,372

)

PROVISIONS FOR LIABILITIES (1,879 ) (1,327 )
NET ASSETS 167,827 159,349

CAPITAL AND RESERVES
Called up share capital 6 6
Revaluation reserve 8 - 1,500
Retained earnings 167,821 157,843
167,827 159,349

About Children Limited (Registered number: 07120798)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 July 2024 and were signed by:





L A Ritchie - Director


About Children Limited (Registered number: 07120798)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

About Children Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07120798

Registered office: 78 Appleby Road
Kendal
Cumbria
LA9 6HF

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% Straight line
Plant and machinery etc - 33% on reducing balance and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

About Children Limited (Registered number: 07120798)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 339,591 15,583 355,174
Additions - 5,994 5,994
Disposals - (12,237 ) (12,237 )
At 31 March 2024 339,591 9,340 348,931
DEPRECIATION
At 1 April 2023 37,356 8,600 45,956
Charge for year 6,792 987 7,779
Eliminated on disposal - (8,581 ) (8,581 )
At 31 March 2024 44,148 1,006 45,154
NET BOOK VALUE
At 31 March 2024 295,443 8,334 303,777
At 31 March 2023 302,235 6,983 309,218

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 25,252 29,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,057 11,892
Taxation and social security 21,648 16,195
Other creditors 2,899 1,858
37,604 29,945

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 144,315 157,372

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 144,315 157,372

About Children Limited (Registered number: 07120798)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 1,500
Release of revaluation (1,500 )

At 31 March 2024 -