The Child Development Centre Ltd 07292330 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of consultancy for child development problems. Digita Accounts Production Advanced 6.30.9574.0 true true 07292330 2023-07-01 2024-06-30 07292330 2024-06-30 07292330 2 2024-06-30 07292330 core:CurrentFinancialInstruments 2024-06-30 07292330 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07292330 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-06-30 07292330 core:Goodwill 2024-06-30 07292330 core:FurnitureFittings 2024-06-30 07292330 core:OfficeEquipment 2024-06-30 07292330 bus:SmallEntities 2023-07-01 2024-06-30 07292330 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07292330 bus:FilletedAccounts 2023-07-01 2024-06-30 07292330 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07292330 bus:RegisteredOffice 2023-07-01 2024-06-30 07292330 bus:Director1 2023-07-01 2024-06-30 07292330 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07292330 core:ComputerSoftware 2023-07-01 2024-06-30 07292330 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-01 2024-06-30 07292330 core:Goodwill 2023-07-01 2024-06-30 07292330 core:ComputerEquipment 2023-07-01 2024-06-30 07292330 core:FurnitureFittings 2023-07-01 2024-06-30 07292330 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 07292330 core:OfficeEquipment 2023-07-01 2024-06-30 07292330 countries:AllCountries 2023-07-01 2024-06-30 07292330 2023-06-30 07292330 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 07292330 core:Goodwill 2023-06-30 07292330 core:FurnitureFittings 2023-06-30 07292330 core:OfficeEquipment 2023-06-30 07292330 2022-07-01 2023-06-30 07292330 2023-06-30 07292330 2 2023-06-30 07292330 core:CurrentFinancialInstruments 2023-06-30 07292330 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07292330 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-06-30 07292330 core:Goodwill 2023-06-30 07292330 core:FurnitureFittings 2023-06-30 07292330 core:OfficeEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 07292330

The Child Development Centre Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

The Child Development Centre Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

The Child Development Centre Ltd

(Registration number: 07292330)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

6,729

10,093

Tangible assets

5

4,114

2,876

 

10,843

12,969

Current assets

 

Debtors

6

2,656

3,669

Cash at bank and in hand

 

28,560

27,812

 

31,216

31,481

Creditors: Amounts falling due within one year

7

(48,468)

(54,247)

Net current liabilities

 

(17,252)

(22,766)

Total assets less current liabilities

 

(6,409)

(9,797)

Provisions for liabilities

(478)

(546)

Net liabilities

 

(6,887)

(10,343)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(6,987)

(10,443)

Shareholders' deficit

 

(6,887)

(10,343)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 4 April 2025
 

 

The Child Development Centre Ltd

(Registration number: 07292330)
Statement of Financial Position as at 30 June 2024 (continued)


Mr A Mulhall
Director

 

The Child Development Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
31 Webbs Road
Wandsworth
LONDON
SW11 6RU

Principal activity

The principal activity of the company is that of consultancy for child development problems.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

The Child Development Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

10% reducing balance

Computer equipment

20% reducing balance

 

The Child Development Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 10 years

Software

over 5 years

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

The Child Development Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

The Child Development Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

4

Intangible assets

Goodwill
 £

Software costs
 £

Total
£

Cost or valuation

At 1 July 2023

200,000

16,821

216,821

At 30 June 2024

200,000

16,821

216,821

Amortisation

At 1 July 2023

200,000

6,728

206,728

Amortisation charge

-

3,364

3,364

At 30 June 2024

200,000

10,092

210,092

Carrying amount

At 30 June 2024

-

6,729

6,729

At 30 June 2023

-

10,093

10,093

5

Tangible assets

Fixtures and fittings
£

Computer equipment
£

Total
£

Cost or valuation

At 1 July 2023

6,820

9,242

16,062

Additions

-

1,599

1,599

At 30 June 2024

6,820

10,841

17,661

Depreciation

At 1 July 2023

4,683

8,503

13,186

Charge for the year

213

148

361

At 30 June 2024

4,896

8,651

13,547

Carrying amount

At 30 June 2024

1,924

2,190

4,114

At 30 June 2023

2,137

739

2,876

 

The Child Development Centre Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

2,656

1,038

Tax asset

-

2,631

 

2,656

3,669

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

5,364

4,377

Trade creditors

 

1,300

3,940

Taxation and social security

 

7,382

3,459

Accruals and deferred income

 

3,369

1,880

Other creditors

 

31,053

40,591

 

48,468

54,247

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

5,364

4,377