Acorah Software Products - Accounts Production 15.0.600 false true true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC550238 Mrs Jean Norwood Miss Nicole Wilson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC550238 2023-01-31 SC550238 2024-01-31 SC550238 2023-02-01 2024-01-31 SC550238 frs-core:CurrentFinancialInstruments 2024-01-31 SC550238 frs-core:Non-currentFinancialInstruments 2024-01-31 SC550238 frs-core:ComputerEquipment 2024-01-31 SC550238 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC550238 frs-core:ComputerEquipment 2023-01-31 SC550238 frs-core:ShareCapital 2024-01-31 SC550238 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC550238 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC550238 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC550238 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC550238 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC550238 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC550238 frs-bus:Director1 2023-02-01 2024-01-31 SC550238 frs-bus:Director1 2023-01-31 SC550238 frs-bus:Director1 2024-01-31 SC550238 frs-bus:Director2 2023-02-01 2024-01-31 SC550238 frs-bus:Director2 2023-01-31 SC550238 frs-bus:Director2 2024-01-31 SC550238 frs-core:CurrentFinancialInstruments 3 2024-01-31 SC550238 frs-countries:Scotland 2023-02-01 2024-01-31 SC550238 2022-01-31 SC550238 2023-01-31 SC550238 2022-02-01 2023-01-31 SC550238 frs-core:CurrentFinancialInstruments 2023-01-31 SC550238 frs-core:Non-currentFinancialInstruments 2023-01-31 SC550238 frs-core:ShareCapital 2023-01-31 SC550238 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 SC550238 frs-core:CurrentFinancialInstruments 3 2023-01-31
Registered number: SC550238
G81 Kids Club Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
McMillans Accountants Ltd t/a TaxAssist Accountant
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC550238
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 130 173
130 173
CURRENT ASSETS
Debtors 5 17,277 17,312
17,277 17,312
Creditors: Amounts Falling Due Within One Year 6 (40,428 ) (32,968 )
NET CURRENT ASSETS (LIABILITIES) (23,151 ) (15,656 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,021 ) (15,483 )
Creditors: Amounts Falling Due After More Than One Year 7 (4,217 ) (5,317 )
NET LIABILITIES (27,238 ) (20,800 )
CAPITAL AND RESERVES
Called up share capital 8 5 5
Profit and Loss Account (27,243 ) (20,805 )
SHAREHOLDERS' FUNDS (27,238) (20,800)
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Page 2
For the year ending 31 January 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Jean Norwood
Director
Miss Nicole Wilson
Director
31/10/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
G81 Kids Club Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC550238 . The registered office is 176d Faifley Road, Clydebank, G81 5BH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Reducing Balance
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 February 2023 548
As at 31 January 2024 548
Depreciation
As at 1 February 2023 375
Provided during the period 43
As at 31 January 2024 418
Net Book Value
As at 31 January 2024 130
As at 1 February 2023 173
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 4,275 4,275
Directors' loan accounts 13,002 13,037
17,277 17,312
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 6,293 6,676
Corporation tax 4,275 4,275
PAYE Creditor 4,475 3,528
Pension Creditors 2,643 2,654
Other creditor- Payments in Advnace 2,163 1,606
Accruals and deferred income 20,579 14,229
40,428 32,968
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,217 5,317
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5 5
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9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 February 2023 Amounts advanced Amounts repaid Amounts written off As at 31 January 2024
£ £ £ £ £
Mrs Jean Norwood 6,519 2,076 (2,094 ) - 6,501
Miss Nicole Wilson 6,518 2,077 (2,094 ) - 6,501
The above loan is unsecured, interest free and repayable on demand.
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