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Registered number: 11360649
Chosen Treasures Early Years Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11360649
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,081 6,390
4,081 6,390
CURRENT ASSETS
Cash at bank and in hand 223,115 145,347
223,115 145,347
Creditors: Amounts Falling Due Within One Year 5 (162,171 ) (108,445 )
NET CURRENT ASSETS (LIABILITIES) 60,944 36,902
TOTAL ASSETS LESS CURRENT LIABILITIES 65,025 43,292
Creditors: Amounts Falling Due After More Than One Year 6 (9,585 ) (16,944 )
NET ASSETS 55,440 26,348
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 55,340 26,248
SHAREHOLDERS' FUNDS 55,440 26,348
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P Arhin
Director
27 May 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Chosen Treasures Early Years Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11360649 . The registered office is Beulah Family Church, Beulah Crescent, Thornton Heath, CR7 8JL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services.

2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 50% Straight line
Motor Vehicles 20% Straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 3
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 5 5
5 5
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 25,402 15,975 41,377
Additions 1,181 - 1,181
As at 31 May 2024 26,583 15,975 42,558
Depreciation
As at 1 June 2023 25,402 9,585 34,987
Provided during the period 295 3,195 3,490
As at 31 May 2024 25,697 12,780 38,477
Net Book Value
As at 31 May 2024 886 3,195 4,081
As at 1 June 2023 - 6,390 6,390
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 2,246 2,246
Bank loans and overdrafts 6,068 6,068
Corporation tax 7,179 7,756
Other taxes and social security 384 -
Other creditors 59,219 24,716
Deposits 1,512 1,776
Accruals and deferred income 1,000 1,000
Director's loan account 84,563 64,883
162,171 108,445
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 1,098 3,350
Bank loans 8,487 13,594
9,585 16,944
The company has an existing bounce back loan of £30,000 to support working capital. The loan is rapayable in 60 monthly  instalments commencing 13 months after drawdown date. Interest is chargeable on the loan at 2.5% per annum and the first 12 months interest paid by the government. The loan is secured by a government backed guarantee.
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Page 4
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 2,246 2,246
Later than one year and not later than five years 1,098 3,350
3,344 5,596
3,344 5,596
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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