1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 8,480 974 9,454 7,389 684 8,073 1,381 1,091 xbrli:pure xbrli:shares iso4217:GBP 08531178 2023-06-01 2024-05-31 08531178 2024-05-31 08531178 2023-05-31 08531178 2022-06-01 2023-05-31 08531178 2023-05-31 08531178 2022-05-31 08531178 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 08531178 bus:Director1 2023-06-01 2024-05-31 08531178 core:WithinOneYear 2024-05-31 08531178 core:WithinOneYear 2023-05-31 08531178 core:AfterOneYear 2024-05-31 08531178 core:AfterOneYear 2023-05-31 08531178 core:ShareCapital 2024-05-31 08531178 core:ShareCapital 2023-05-31 08531178 core:RetainedEarningsAccumulatedLosses 2024-05-31 08531178 core:RetainedEarningsAccumulatedLosses 2023-05-31 08531178 bus:SmallEntities 2023-06-01 2024-05-31 08531178 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 08531178 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 08531178 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 08531178 bus:FullAccounts 2023-06-01 2024-05-31 08531178 bus:OrdinaryShareClass1 2024-05-31 08531178 bus:OrdinaryShareClass1 2023-05-31 08531178 core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 08531178 core:FurnitureFittingsToolsEquipment 2023-05-31 08531178 core:FurnitureFittingsToolsEquipment 2024-05-31
COMPANY REGISTRATION NUMBER: 08531178
EVERY CHILD NEEDS A MENTOR LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 May 2024
EVERY CHILD NEEDS A MENTOR LIMITED
STATEMENT OF FINANCIAL POSITION
31 May 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,381
1,091
CURRENT ASSETS
Debtors
6
42,464
27,445
Cash at bank and in hand
12,246
16,089
--------
--------
54,710
43,534
CREDITORS: amounts falling due within one year
7
45,679
28,149
--------
--------
NET CURRENT ASSETS
9,031
15,385
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
10,412
16,476
CREDITORS: amounts falling due after more than one year
8
9,316
13,989
PROVISIONS
207
--------
--------
NET ASSETS
1,096
2,280
--------
--------
CAPITAL AND RESERVES
Called up share capital
9
100
100
Profit and loss account
996
2,180
-------
-------
SHAREHOLDERS FUNDS
1,096
2,280
-------
-------
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 income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
EVERY CHILD NEEDS A MENTOR LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 May 2024
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
Mr H W Stewart
Director
Company registration number: 08531178
EVERY CHILD NEEDS A MENTOR LIMITED
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 May 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Enterprise Centre, Maypole Fields, Halesowen, West Midlands, B63 2QB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment, fixtures & fittings
-
25% straight line
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2023: 4 ).
5. TANGIBLE ASSETS
Equipment, fixtures & fittings
£
Cost
At 1 June 2023
8,480
Additions
974
-------
At 31 May 2024
9,454
-------
Depreciation
At 1 June 2023
7,389
Charge for the year
684
-------
At 31 May 2024
8,073
-------
Carrying amount
At 31 May 2024
1,381
-------
At 31 May 2023
1,091
-------
6. DEBTORS
2024
2023
£
£
Trade debtors
121
101
Other debtors
42,343
27,344
--------
--------
42,464
27,445
--------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
4,673
4,561
Trade creditors
16,271
4,822
Corporation tax
8,129
Social security and other taxes
14,765
16,809
Other creditors
1,841
1,957
--------
--------
45,679
28,149
--------
--------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,316
13,989
-------
--------
9. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
At 1 June 2023 the directors owed the company £23,625. Between that date and 31 May 2024 the company made further advances of £59,988 and the directors repaid £45,833 leaving a balance owed to the company of £37,780. Interest of £758.09 has been paid by the directors.