Company No: 03191447 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Sean Alan Collins
	James Felstead
	Gregory William Jones
	Arita Morris
	Maria Nearchou

REGISTERED OFFICE	28a Easton Street
	Exmouth Market
	London
	WC1X 0DS
	United Kingdom

COMPANY NUMBER

03191447 (England and Wales)

ACCOUNTANT	Praxis
	1 Fore Street Avenue
	London
	EC2Y 9DT
	United Kingdom

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	161,524		132,877
		161,524		132,877
Current assets
Debtors	4	1,090,700		1,731,812
Cash at bank and in hand		65,740		29,021
		1,156,440		1,760,833
Creditors: amounts falling due within one year	5	( 610,471)		( 1,150,002)
Net current assets		545,969		610,831
Total assets less current liabilities		707,493		743,708
Creditors: amounts falling due after more than one year	6	( 17,210)		( 51,863)
Provision for liabilities		( 30,690)		( 33,219)
Net assets		659,593		658,626
Capital and reserves
Called-up share capital	7	33		39
Share premium account		4,255		4,255
Capital redemption reserve		56		50
Profit and loss account		655,249		654,282
Total shareholders' funds		659,593		658,626

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Child Graddon Lewis Limited (registered number: 03191447) were approved and authorised for issue by the Board of Directors on 01 October 2025. They were signed on its behalf by:

Maria Nearchou Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Child Graddon Lewis Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 28a Easton Street, Exmouth Market, London, WC1X 0DS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the value, net of value added tax and discounts, of services provided.

Revenue from contracts for the provision of professional 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 are recoverable.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	5 years straight line
Plant and machinery etc.	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at the present value of the future payments discounted at a market rate of interest.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	36		30

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 January 2024	0		201,503		201,503
Additions	24,014		56,524		80,538
At 31 December 2024	24,014		258,027		282,041
Accumulated depreciation
At 01 January 2024	0		68,626		68,626
Charge for the financial year	2,655		49,236		51,891
At 31 December 2024	2,655		117,862		120,517
Net book value
At 31 December 2024	21,359		140,165		161,524
At 31 December 2023	0		132,877		132,877

4. Debtors

	2024		2023
	£		£
Trade debtors	698,430		1,339,687
Other debtors	392,270		392,125
	1,090,700		1,731,812

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans (secured)	10,108		10,108
Trade creditors	158,378		310,276
Taxation and social security	234,487		182,326
Obligations under finance leases and hire purchase contracts	33,789		28,287
Other creditors	173,709		619,005
	610,471		1,150,002

The invoice finance facility, included within other creditors amounting to £111,426 (2023: £512,205) and the bank loans are secured by way of a fixed and floating charge over all the assets of the Company.

6. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans (secured)	8,957		18,991
Obligations under finance leases and hire purchase contracts	8,253		32,872
	17,210		51,863

The bank loans are secured by way of a fixed and floating charge over all the assets of the Company.

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1,110 Ordinary shares of £ 0.01 each	11		11
2,204 Ordinary A shares of £ 0.01 each (2023: 2,838 shares of £ 0.01 each)	22		28
	33		39

During the year, the company purchased and cancelled 634 Ordinary A shares for a total consideration of £230,238.

8. Financial commitments

Commitments

	2024		2023
	£		£
Total future minimum lease payments under non-cancellable operating lease	424,576		647,053

9. Related party transactions

Transactions with the entity's directors

	2024		2023
	£		£
Interest free loan from the company	4,750		6,250

10. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.