Children of the World for Christ Ministries
Registered number: 07613070
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 2 911 1,215
Current assets
Stocks 1,165 682
Debtors 3 - 321
Cash at bank and in hand 5,509 4,726
6,674 5,729
Creditors: amounts falling due within one year 4 (9,976) (7,479)
Net current liabilities (3,302) (1,750)
Net liabilities (2,391) (535)
Reserves
Unrestricted reserves (2,391) (535)
Shareholders' funds (2,391) (535)
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.
B Hayes
Director
Approved by the board on 13 May 2025
Children of the World for Christ Ministries
Notes to the Accounts
for the year ended 31 March 2025
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).
Incoming resources
Incoming resources represents fundraising activities and donations.
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 25% reducing balance
Stocks
Stock is valued at the lower of cost or net realisable value.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 3,417
At 31 March 2025 3,417
Depreciation
At 1 April 2024 2,202
Charge for the year 304
At 31 March 2025 2,506
Net book value
At 31 March 2025 911
At 31 March 2024 1,215
3 Debtors 2025 2024
£ £
Other debtors - 321
4 Creditors: amounts falling due within one year 2025 2024
£ £
Accruals 325 325
Other creditors 9,651 7,154
9,976 7,479
5 Other information
Children of the World for Christ Ministries is a private company limited by guarantee and incorporated in England. Its registered office is:
107 Victoria Street
Fleetwood
Lancashire
FY7 6EL
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