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REGISTERED NUMBER: 04403187 (England and Wales)



















CLOWNS CHILDREN'S CENTRES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






CLOWNS CHILDREN'S CENTRES LIMITED (REGISTERED NUMBER: 04403187)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


CLOWNS CHILDREN'S CENTRES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Ms C M Aldred
Mr A T Large





SECRETARY: Mr A T Large





REGISTERED OFFICE: 81 Burton Road
Derby
Derbyshire
DE1 1TJ





REGISTERED NUMBER: 04403187 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

CLOWNS CHILDREN'S CENTRES LIMITED (REGISTERED NUMBER: 04403187)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 321,557 320,401

CURRENT ASSETS
Stocks 2,860 2,810
Debtors 5 366,835 284,214
Cash at bank and in hand 102,405 44,289
472,100 331,313
CREDITORS
Amounts falling due within one year 6 91,011 28,682
NET CURRENT ASSETS 381,089 302,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

702,646

623,032

PROVISIONS FOR LIABILITIES 8,317 4,310
NET ASSETS 694,329 618,722

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 694,328 618,721
SHAREHOLDERS' FUNDS 694,329 618,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





Ms C M Aldred - Director


CLOWNS CHILDREN'S CENTRES LIMITED (REGISTERED NUMBER: 04403187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Clowns Children's Centres 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The coronavirus pandemic has significantly disrupted individuals’ personal lives and businesses’ economic prospects in the UK and across the globe. The UK entered lockdown in March 2020 and some restrictions and social distancing provisions remain in place.

We have continued to prepare the accounts on a going concern basis and deem this appropriate. We do not consider that a material uncertainty about our going concern status currently exists. In making this assessment we have considered the likely trading conditions for a period of twelve months from the date of our approval of these accounts.

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.
Long leasehold - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

CLOWNS CHILDREN'S CENTRES LIMITED (REGISTERED NUMBER: 04403187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 462,369 36,182 10,000 35,798 544,349
Additions - 12,444 - 3,411 15,855
At 30 April 2024 462,369 48,626 10,000 39,209 560,204
DEPRECIATION
At 1 May 2023 166,446 14,981 6,723 35,798 223,948
Charge for year 9,247 4,797 655 - 14,699
At 30 April 2024 175,693 19,778 7,378 35,798 238,647
NET BOOK VALUE
At 30 April 2024 286,676 28,848 2,622 3,411 321,557
At 30 April 2023 295,923 21,201 3,277 - 320,401

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 364,743 279,785
Prepayments and accrued income 2,092 4,429
366,835 284,214

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,394 4,715
Corporation tax 24,035 5,521
Social security and other taxes 5,529 2,578
Other creditors 24,592 830
Accruals and deferred income 32,461 15,038
91,011 28,682

CLOWNS CHILDREN'S CENTRES LIMITED (REGISTERED NUMBER: 04403187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. OTHER FINANCIAL COMMITMENTS

The company has given a cross guarantee in respect of the bank lendings to Clowns Day Nursery which at 30 April 2024 amounted to £349,524 (2023 - £265,241). The company had total guarantees and commitments at the balance sheet date of £nil (2023- £nil)