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REGISTERED NUMBER: 02806784 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

COMMUNITY SYSTEMS (NORTH LONDON) LIMITED

COMMUNITY SYSTEMS (NORTH LONDON) LIMITED (REGISTERED NUMBER: 02806784)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


COMMUNITY SYSTEMS (NORTH LONDON) LIMITED

COMPANY INFORMATION
for the Year Ended 30 JUNE 2024







DIRECTOR: Mrs C M Thraves





SECRETARY: Mr H W Thraves





REGISTERED OFFICE: Everglades Old Watling Street
Flamstead
St. Albans
AL3 8HJ





REGISTERED NUMBER: 02806784 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

COMMUNITY SYSTEMS (NORTH LONDON) LIMITED (REGISTERED NUMBER: 02806784)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,861 2,723

CURRENT ASSETS
Debtors 5 277,483 211,933
Cash at bank and in hand 149,745 227,428
427,228 439,361
CREDITORS
Amounts falling due within one year 6 56,178 49,385
NET CURRENT ASSETS 371,050 389,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

373,911

392,699

CREDITORS
Amounts falling due after more than one
year

7

10,000

20,000
NET ASSETS 363,911 372,699

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 363,811 372,599
363,911 372,699

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

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

The director acknowledges her 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.

COMMUNITY SYSTEMS (NORTH LONDON) LIMITED (REGISTERED NUMBER: 02806784)

BALANCE SHEET - continued
30 JUNE 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





Mrs C M Thraves - Director


COMMUNITY SYSTEMS (NORTH LONDON) LIMITED (REGISTERED NUMBER: 02806784)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 JUNE 2024

1. STATUTORY INFORMATION

Community Systems (North London) 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.

Turnover
Turnover is recognised on the basis of training and recruitment services provided to clients of the company under the terms of the customer agreement.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that the recoverable.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation has been provided on all tangible fixed assets at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. It is calculated at the following rates:

Office equipment - 33.33% straight line
Fixtures and fittings - 25% straight line

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously,

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.

Leasing commitments
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time patter in which economic benefits from the leases asset are consumed.

COMMUNITY SYSTEMS (NORTH LONDON) LIMITED (REGISTERED NUMBER: 02806784)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Retirement benefits
For defined contribution schemes the amount charged to profit or loss is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 34,269 25,924 60,193
Additions - 1,479 1,479
At 30 June 2024 34,269 27,403 61,672
DEPRECIATION
At 1 July 2023 34,269 23,201 57,470
Charge for year - 1,341 1,341
At 30 June 2024 34,269 24,542 58,811
NET BOOK VALUE
At 30 June 2024 - 2,861 2,861
At 30 June 2023 - 2,723 2,723

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 123,519 13,454
Other debtors 102,784 91,321
Prepayments and accrued income 51,180 107,158
277,483 211,933

COMMUNITY SYSTEMS (NORTH LONDON) LIMITED (REGISTERED NUMBER: 02806784)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 10,221 8,459
Corporation tax 9,265 5,567
Taxation and social security 14,666 18,911
VAT 3,265 4,721
Other creditors 1,536 1,727
Accruals and deferred income 7,225 -
56,178 49,385

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,000 20,000

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 18,573 4,910
Between one and five years 120,000 -
138,573 4,910

9. RESERVES
Retained
earnings
£   

At 1 July 2023 372,599
Profit for the year 1,212
Dividends (10,000 )
At 30 June 2024 363,811

10. RELATED PARTY DISCLOSURES

At 30 June 2024 the company was owed £88,000 (2023: £89,536) by Tom Boo Day Nurseries Limited, a related party by virtue of common control and common director.

No interest was charged on amount owed to the company during the year.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the director.