Registered number
04324729
THE MINSTER SCHOOLS' CHILDREN'S CLUB
Company Limited by Guarantee
Filleted Accounts
31 August 2024
THE MINSTER SCHOOLS' CHILDREN'S CLUB
Registered number: 04324729
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 927 1,235
Current assets
Cash at bank and in hand 93,995 88,832
Creditors: amounts falling due within one year 4 (32,394) (30,447)
Net current assets 61,601 58,385
Total assets less current liabilities 62,528 59,620
Creditors: amounts falling due after more than one year 5 - (12,433)
Net assets 62,528 47,187
Capital and reserves
Profit and loss account 62,528 47,187
Capital and Reserves 62,528 47,187
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Edmonds
Director
Approved by the board on 21 November 2024
THE MINSTER SCHOOLS' CHILDREN'S CLUB
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 15 21
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 September 2023 16,556
At 31 August 2024 16,556
Depreciation
At 1 September 2023 15,321
Charge for the year 308
At 31 August 2024 15,629
Net book value
At 31 August 2024 927
At 31 August 2023 1,235
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 9,543
Fees Deposits 10,874 11,692
Fees Paid In Advance 9,578 7,473
Pension Fund 505 239
Taxation and social security costs 1,436 1,501
Other creditors 10,001 (1)
32,394 30,447
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 12,433
6 Limited liability
The Minster Schools' Children's Club is a company limited by guarantee and therefore has no share capital. Each member's guarantee is limited to £1.
7 Other information
THE MINSTER SCHOOLS' CHILDREN'S CLUB is a private company limited by guarantee and incorporated in England. Its registered office is:
The Minster Schools
Warrington Road
Croydon
Surrey
CR0 4BH
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