Company Registration No. 11257901 (England and Wales)
Kidz City Ltd.
Unaudited accounts
for the year ended 31 March 2023
Kidz City Ltd.
Unaudited accounts
Contents
Kidz City Ltd.
Company Information
for the year ended 31 March 2023
Directors
Tammy Jennifer Wright
Carol Sampson
Company Number
11257901 (England and Wales)
Registered Office
Kidz City Nursery Bridge House
Bridge Road
Sheerness
ME12 1RH
England
Accountants
Meadows Accountancy Ltd
16 Fawn Meadows
Greystoke
Penrith
Cumbria
CA11 0FQ
Kidz City Ltd.
Statement of financial position
as at 31 March 2023
Tangible assets
38,997
9,997
Cash at bank and in hand
23,656
4,238
Creditors: amounts falling due within one year
(75,866)
(40,384)
Net current liabilities
(44,710)
(36,146)
Total assets less current liabilities
(5,713)
(26,149)
Creditors: amounts falling due after more than one year
(17,181)
-
Net liabilities
(22,894)
(26,149)
Profit and loss account
(22,894)
(26,149)
Shareholders' funds
(22,894)
(26,149)
For the year ending 31 March 2023 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.
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 24 August 2024 and were signed on its behalf by
Tammy Jennifer Wright
Director
Company Registration No. 11257901
Kidz City Ltd.
Notes to the Accounts
for the year ended 31 March 2023
Kidz City Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11257901. The registered office is Kidz City Nursery Bridge House, Bridge Road, Sheerness, ME12 1RH, England.
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% straight line
Fixtures & fittings
10% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
-
15,568
399
15,967
Additions
898
31,255
2,339
34,492
At 31 March 2023
898
46,823
2,738
50,459
At 1 April 2022
-
5,571
399
5,970
Charge for the year
225
4,682
585
5,492
At 31 March 2023
225
10,253
984
11,462
At 31 March 2023
673
36,570
1,754
38,997
At 31 March 2022
-
9,997
-
9,997
Kidz City Ltd.
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,591
12,601
Taxes and social security
1,171
1,163
Loans from directors
-
26,620
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 9 (2022: 6).