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Registration number: 12895635

Cybertots at Acton Gardens Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Cybertots at Acton Gardens Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

Creditors: amounts falling due after more than one year

7

 

Cybertots at Acton Gardens Limited

Company Information

Directors:

K A Ozols

J Ozols

S G Hayat

Mr M A Ozols

Registered office:

38 Heathfield Road
London
W3 8EJ

Registered number:

12895635

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Cybertots at Acton Gardens Limited

(Registration number: 12895635)
Balance Sheet as at 31 December 2023

Note

31.12.23

31.12.22

   

£

£

£

£

FIXED ASSETS

   

 

Intangible assets

4

 

3,570

 

3,780

Tangible assets

5

 

1,318,660

 

1,322,434

   

1,322,230

 

1,326,214

CURRENT ASSETS

   

 

Debtors

6

138,366

 

68,006

 

Cash at bank and in hand

 

64,371

 

40,986

 

 

202,737

 

108,992

 

CREDITORS

   

 

Creditors within 1yr

7

1,237,368

 

1,367,960

 

Net current liabilities

   

(1,034,631)

 

(1,258,968)

Total assets less current liabilities

   

287,599

 

67,246

Creditors
Amounts falling due after more than one year

7

 

119,450

 

97,218

Net assets/(liabilities)

   

168,149

 

(29,972)

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Profit and loss account

 

168,049

 

(30,072)

Shareholders' funds/(deficit)

   

168,149

 

(29,972)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Cybertots at Acton Gardens Limited

(Registration number: 12895635)
Balance Sheet as at 31 December 2023 (continued)

Approved and authorised by the Board on 5 September 2024

.........................................
J Ozols
Director

 

Cybertots at Acton Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
38 Heathfield Road
London
W3 8EJ

These financial statements were authorised for issue by the Board on 5 September 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Cybertots at Acton Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

Reducing balance method 20%

Fixtures & fittings

Reducing balance method 20%

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3.

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 35 (2022 - 24).

 

Cybertots at Acton Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

4.

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2023

4,200

4,200

At 31 December 2023

4,200

4,200

Amortisation

At 1 January 2023

420

420

Amortisation charge

210

210

At 31 December 2023

630

630

Carrying amount

At 31 December 2023

3,570

3,570

At 31 December 2022

3,780

3,780

5.

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

1,264,211

42,376

47,648

1,354,235

Additions

-

-

9,541

9,541

At 31 December 2023

1,264,211

42,376

57,189

1,363,776

Depreciation

At 1 January 2023

-

15,255

16,546

31,801

Charge for the year

-

5,424

7,891

13,315

At 31 December 2023

-

20,679

24,437

45,116

Carrying amount

At 31 December 2023

1,264,211

21,697

32,752

1,318,660

At 31 December 2022

1,264,211

27,121

31,102

1,322,434

Included within the net book value of land and buildings above is £1,264,211 (2022 - £1,264,211) in respect of long leasehold land and buildings.
 

 

Cybertots at Acton Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

6.

Debtors

Current

31.12.23
£

31.12.22
£

Prepayments

30,360

-

Other debtors

108,006

68,006

 

138,366

68,006

7.

Creditors

Creditors: amounts falling due within one year

Note

31.12.23
£

31.12.22
£

Due within one year

 

Amounts owed to associates

8

1,222,965

1,275,995

Taxation and social security

 

2,336

9,269

Accruals and deferred income

 

5,400

57,920

Other creditors

 

6,667

24,776

 

1,237,368

1,367,960

Included in other creditors is £4,355 owed to one of the directors of the company. No interest or repayment
terms have been set.

Creditors: amounts falling due after more than one year

31.12.23
£

31.12.22
£

Due after one year

Other non-current financial liabilities

119,450

97,218

 

Cybertots at Acton Gardens Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

8.

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

31.12.23
£

31.12.22
£

Remuneration

6,667

-

Loans from related parties

2023

Associates
£

Total
£

At start of period

1,275,995

1,275,995

Repaid

(53,030)

(53,030)

At end of period

1,222,965

1,222,965

2022

Associates
£

Total
£

At start of period

1,275,995

1,275,995

At end of period

1,275,995

1,275,995