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REGISTERED NUMBER: 03026503 (England and Wales)




















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MIND IN CROYDON TRADING LIMITED

MIND IN CROYDON TRADING LIMITED (REGISTERED NUMBER: 03026503)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MIND IN CROYDON TRADING LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: J Kyne



REGISTERED OFFICE: 26 Pampisford Road
Purley
Croydon
CR8 2NE



REGISTERED NUMBER: 03026503 (England and Wales)



SENIOR STATUTORY AUDITOR: Rosanna Turner ACA DChA



AUDITORS: Xeinadin Audit Ltd
12 Conqueror Ct
Sittingbourne
Kent
ME10 5BH

MIND IN CROYDON TRADING LIMITED (REGISTERED NUMBER: 03026503)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 9,966

CURRENT ASSETS
Debtors 5 28 1,745
Cash at bank 366 62,794
394 64,539
CREDITORS
Amounts falling due within one year 6 2,597 74,722
NET CURRENT LIABILITIES (2,203 ) (10,183 )
TOTAL ASSETS LESS CURRENT LIABILITIES (2,203 ) (217 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,303 ) (317 )
(2,203 ) (217 )

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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





J Kyne - Director


MIND IN CROYDON TRADING LIMITED (REGISTERED NUMBER: 03026503)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Mind In Croydon Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 each asset over its estimated useful life.
Fixtures and fittings - 20% on cost

Financial instruments
Cash in hand is measured at transaction price.

Debtors: Trade and other debtors are measured at transaction price. Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business less any impairment provision. These are recognised as current assets as collection is due within one year or less.

Creditors: Amounts falling due within one year are measured at transaction price. Trade Creditors are obligations to pay for good or services that have been acquired in the ordinary course of business. These are classified as current liabilities as payment is due in one year or less.

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

MIND IN CROYDON TRADING LIMITED (REGISTERED NUMBER: 03026503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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.

Covenanted charitable donation
The directors consider the covenanted charitable donation to be akin to a distribution and therefore it is presented outside of the statement of income.

The covenanted charitable donation to the parent charity represents an estimate of the company's taxable profit for the period. Under a Deed of Covenant, all current taxable profits are payable to Min in Croydon Limited and are recognised in the year the taxable profits are made.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 47,642
Disposals (12,457 )
At 31 March 2024 35,185
DEPRECIATION
At 1 April 2023 37,676
Charge for year 1,661
Eliminated on disposal (4,152 )
At 31 March 2024 35,185
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 9,966

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 28 1,745

MIND IN CROYDON TRADING LIMITED (REGISTERED NUMBER: 03026503)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 97 986
Amounts owed to group undertakings 2,500 72,103
Other creditors - 1,633
2,597 74,722

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Rosanna Turner ACA DChA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Ltd

8. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions within the group.

The ultimate controlling party is Mind in Croydon Limited. Mind in Croydon Limited prepare consolidated financial statements and its registered office is 26 Pampisford Road, Purley, Surrey, CR8 2NE.