Registered number
13502906
Childs Brand Partners Limited
Filleted Accounts
31 July 2024
Childs Brand Partners Limited
Registered number: 13502906
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 667
Current assets
Debtors 4 20,877 15,085
Cash at bank and in hand 15,393 11,917
36,270 27,002
Creditors: amounts falling due within one year 5 (35,792) (21,446)
Net current assets 478 5,556
Net assets 478 6,223
Capital and reserves
Called up share capital 105 100
Profit and loss account 373 6,123
Shareholders' funds 478 6,223
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.
M Childs
Director
Approved by the board on 3 January 2025
Childs Brand Partners Limited
Notes to the Accounts
for the year ended 31 July 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:
Plant and machinery over 3 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 1,999
At 31 July 2024 1,999
Depreciation
At 1 August 2023 1,332
Charge for the year 667
At 31 July 2024 1,999
Net book value
At 31 July 2024 -
At 31 July 2023 667
4 Debtors 2024 2023
£ £
Trade debtors 20,877 15,085
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors loan account 5,206 6
Taxation and social security costs 30,036 20,890
Other creditors 550 550
35,792 21,446
6 Other information
Childs Brand Partners Limited is a private company limited by shares and incorporated in England. Its registered office is:
Meadow Studio
Gargrave Road
Broughton
Skipton
BD23 3AQ
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