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Registered number: 10438075
T-Junction Childrens Services Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
The High Street Accountant Ltd
AAT
5 High Street
Sileby
Loughborough
Leicestershire
LE12 7RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10438075
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 255,324 135,628
255,324 135,628
CURRENT ASSETS
Debtors 5 377,929 297,348
Cash at bank and in hand 58,614 71,352
436,543 368,700
Creditors: Amounts Falling Due Within One Year 6 (136,147 ) (79,743 )
NET CURRENT ASSETS (LIABILITIES) 300,396 288,957
TOTAL ASSETS LESS CURRENT LIABILITIES 555,720 424,585
Creditors: Amounts Falling Due After More Than One Year 7 (470,991 ) (423,406 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (13,403 ) -
NET ASSETS 71,326 1,179
CAPITAL AND RESERVES
Called up share capital 9 102 102
Profit and Loss Account 71,224 1,077
SHAREHOLDERS' FUNDS 71,326 1,179
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For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Mr Timonthy Clare
Director
Mr Robert Clare
Director
04/06/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
T-Junction Childrens Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10438075 . The registered office is 27 The Pastures, Narborough, Leicestershire, LE19 3DS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 10% Reducing Balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under 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.
2.5. 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 years 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.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 60 (2023: 59)
60 59
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2023 51,812 95,592 147,404
Additions 119,230 61,267 180,497
Disposals (12,495 ) - (12,495 )
As at 31 October 2024 158,547 156,859 315,406
Depreciation
As at 1 November 2023 11,776 - 11,776
Provided during the period 38,051 15,686 53,737
Disposals (5,431 ) - (5,431 )
As at 31 October 2024 44,396 15,686 60,082
Net Book Value
As at 31 October 2024 114,151 141,173 255,324
As at 1 November 2023 40,036 95,592 135,628
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 287,456 -
Prepayments and accrued income - 149,566
Other debtors - 48,621
Other debtors (4) 4,687 18,215
Other debtors (5) - 25,758
Other debtors (6) - 499
Net wages 1,458 -
Directors' loan accounts 84,328 54,689
377,929 297,348
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 17,585 -
Trade creditors - 2
Bank loans and overdrafts 19,577 22,131
Corporation tax 56,774 26,995
Other taxes and social security 42,211 30,464
Net wages - 151
136,147 79,743
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 45,407 -
Bank loans 168,084 148,732
Other loans - 17,174
Other creditors 257,500 257,500
470,991 423,406
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 17,585 -
Later than one year and not later than five years 45,407 -
62,992 -
62,992 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2023 Amounts advanced Amounts repaid Amounts written off As at 31 October 2024
£ £ £ £ £
Mr Timonthy Clare 13,672 11,082 3,672 - 21,082
Mr Robert Clare 13,672 11,082 3,672 - 21,082
Miss Laura Fedulow 13,672 11,082 3,672 - 21,082
Mrs Alexandra Alonso-Clare 13,672 11,082 3,672 - 21,082
The above loan is unsecured, interest free and repayable on demand.
As at the year-end 2024, the director’s loan account was overdrawn. However, a dividend was declared and approved in April 2025, subsequent to the year-end. The dividend has been credited to the director’s loan account, reducing the overdrawn balance to an acceptable level in accordance with relevant company and tax regulations.
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