Agm for angels and monsters
Held on: 22/08/2025
Time: 7.45pm
Held at: Angels and Monsters 7-9 Cantrell Road, Leicester LE3 1SD
Agenda:
-
Welcome and apologies.
-
Minutes from previous meeting
-
Matters arising
-
Creche Managers report
-
Chairs year report
-
Committee resignations
-
Committee applications
-
Any other business
-
Date and time of next meeting
-
Apologies from: Kelly Marshall, Garry Scrivens.
-
Minutes from the previous meeting, read and agreed by committee.
-
Matters arising. None
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Chairs Report: Another busy year, We have yet another new contact at the Council regarding the building/rent as Mary Moses has left, We now deal with Callum Coebil, who is just as tricky to get a response from, and we have on going repairs that need doing. We asked for a rent reduction as we felt the increase was too high, they gave us a flat out no.. We tried getting support from the Mayors office, but again no real help, he just referred us back to them.
- We had a no from the council and the insurance company regarding replacing the creche food that was damaged with the water/pipes leaking, so we are looking at alternative funders for this, again this is tricky as funding sources are drying up.
We were successful in gaining another 12 months support from NHS GHIN fund to continue to offer Mental health support to local young parents for free, again using Kate Choppen from Black dog therapy.
We gained funding from Children in need to offer breakfast and lunch clubs to our families, these are very well received and attended and give struggling families 2 meals a day helping to ease financial burden in these increasingly difficult financial times. We are seeing cost of living increases even further and food bills are soaring.
We had successful bids from Florence Turner, Sir Andrew Martin Trust, Skipton Charitable foundation, Blaby district council and LCC ward grant. We continue to apply to various sources and attend meetings/events and forums to continue to address local needs and meet demand, network and build professional relationships.
We have been working closely with the ladies at Dorcas and freedom for girls, accessing their FGM training and resources for our young parents, we have looked at possibilities for collaboration regarding funding and will continue to explore that.
We had an issue with rats getting into the building, and had ( after much nagging ) had repairs carried out to drainage to sort this out.
We held a number of trips, mainly to local parks and events over the summer these were well attended and delivered safely.
Jamie Wentworth joined us in September as an admin assistant and left us in April for an apprenticeship opportunity, we wish him all the best.
We had a staff Christmas breakfast at Palmers, and swapped secret santa gifts.
Leicestershire cares donated some christmas gifts to us for our families which was wonderful, and also Gaz Varney, who does local charity work donated selection boxes for our children, and a local Wacky warehouse donated some some toys too.
We made the decision to stop accessing Care to Learn funding which paid for childcare costs and overheads for our learners, as they have changed their criteria and we can no longer fit this/tick their boxes. We may look at this in the future for different services.
Funding continues to be very difficult to secure, we are waiting for decisions from National lottery Million hours fund and also HSF7 funding and are confident these may be successful.
Big thanks to the staff team and Committee members for their continued support.
- Creche Managers Report. We have had numerous staff changes over the year, Katie Moult rejoined us, as a sessional/volunteer and it’s been great to have her back, Sue Jarvis joined us a sessional/volunteer and was a great addition, she hand crocheted and donated some beautiful blankets to use in the creche, which we have since distributed them to our families who were very happy with them.
After many years of working with us and being a valued member of the team Kelly Marshall left us for pastures new, we will miss her and wish her all the best.
Soon after this Leanne Mcmanus followed Kelly in leaving us to work at a pre school and again we wish her well.
This has allowed us to Promote Olivia Peake to Creche manager, as she has now gained a distinction in her Early years Educator level 3 qualification. Olivia is well suited to the role, helping the creche achieve its full potential moving forwards, Olivia has lots of ideas and brings a fresh energy to the setting.
Gaining the Children in Need funding to offer breakfast and lunch clubs was a challenge but has been very successful, this means disadvantaged young families benefit from 2 meals a day when they are with us,helping to ease financial pressures and reduce stress, parents are involved in preparing and planning the meals encouraging new skills and helping them have the confidence and nutrition knowledge to provide quality, low cost meals at home too.
We had lots of trips to the summer, local parks and city children’s events meant we could keep costs very low, we provide snacks/drink and suncream to help support families further, these were very well attended and lots of fun. We applied to Ofsted to move from the Voluntary register to the Early years register, and so needed various items/equipment and to change the layout in the creche. This was to try to fit new criteria to enable us to continue to access care to learn funding for our learners, but as time went on it was decided we couldn’t fit the Care to Learn criteria fully with their new guidelines and so we have decided to remain on the voluntary register for the time being.
Should we decide to access FEE funded places in the future we will look at this again, we had advice from the lovely ladies at our local EED team and will continue to link with them for advice/support and training opportunities. Over christmas we decided to have tea parties daily rather than one big one, this was much more relaxed, and staff found it easier to organise/deliver. Presents were well received and were donated by a range of other charities. At easter we had Freedom for girls and also Zinthia trust donate lots of easter eggs for our families, these were very gratefully received. A big thank you to all the organisations and individuals who donate gifts to us for our families. So again, another busy eventful year with all the usual funding challenges, we continue to work hard as a team to provide the best services and support that we can.
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Committee resignations. Kelly Marshall, Garry Scrivens.
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New committee applications from; Election of officers. Chair, Claire Gray, Proposed by Caroline Machalzyck, seconded by Stevie Prosser. Secretary, Joanne Wentworth, Proposed by Emily Conway, seconded by Richard Churcher. Treasurer, Caroline Machalzyck , proposed by Claire Gray, seconded by Stevie Prosser.
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Any other business. None.
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Date and time of next A.G.M, 17th August 2026 7pm
9 Cantrell Road, AngelsandMonsters9 Phone: Ofsted: Charity : Leicester LE31SD @outlook.com 01164317123 EY371762 1120305
Company registration number: 07327878
Angels and Monsters Ltd Company limited by guarantee
Unaudited financial statements
31 March 2024
Angels and Monsters Ltd Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors and other information | 1 |
| Directors report | 2 |
| Accountant's report | 3 |
| Statement of comprehensive income | 4 |
| Statement of financial position | 5 - 6 |
| Statement of changes in equity | 7 |
| Notes to the financial statements | 8 - 12 |
Angels and Monsters Ltd Company limited by guarantee
Directors and other information
| Directors | Mrs J L Wentworth |
|---|---|
| Mrs C L Gray | |
| Company number | 07327878 |
| Registered office | 9 Cantrell Road |
| Leicester | |
| LE3 1SD | |
| Business address | 9 Cantrell Road |
| Leicester | |
| LE3 1SD | |
| Accountant | J Robins Accountants |
| First Floor | |
| 59-63 Wood Street | |
| Earl Shilton | |
| Leicestershire | |
| LE9 7NE | |
| Bankers | Santander UK plc |
| BBAM, Bridle Road | |
| Bootle | |
| Merseyside | |
| L30 4GB |
Angels and Monsters Ltd Company limited by guarantee
Directors report Year ended 31 March 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2024.
Directors
The directors who served the company during the year were as follows:
Mrs J L Wentworth Mrs C L Gray
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 30 August 2024 and signed on behalf of the board by:
Mrs J L Wentworth Director
Angels and Monsters Ltd Company limited by guarantee
Report to the board of directors on the preparation of the unaudited statutory financial statements of Angels and Monsters Ltd Year ended 31 March 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2024 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
J Robins Accountants Chartered Certified Accountants
First Floor 59-63 Wood Street Earl Shilton Leicestershire LE9 7NE
30 August 2024
Angels and Monsters Ltd Company limited by guarantee
Statement of comprehensive income Year ended 31 March 2024
| 2024 | 2023 | 2023 | ||
|---|---|---|---|---|
| Note | £ | £ | ||
| Turnover | 399,945 | 385,194 | ||
| Cost of sales | ) (111,900 |
) (138,040 |
||
| Gross profit | 288,045 | 247,154 | ||
| Administrative expenses | ) (257,009 |
) (267,145 |
||
| Other operating income | - | 320 | ||
| Operating profit/(loss) | 31,036 | (19,671 | ) | |
| Other interest receivable and similar income | 186 | 35 | ||
| Profit/(loss) before taxation | 6 | 31,222 | (19,636 | ) |
| Tax on profit/(loss) | - | - | ||
| Profit/(loss) for the financial year and total | ||||
| comprehensive income | 31,222 | (19,636 | ) |
All the activities of the company are from continuing operations.
The notes on pages 8 to 12 form part of these financial statements.
Angels and Monsters Ltd Company limited by guarantee
Statement of financial position 31 March 2024
| Note Fixed assets Tangible assets 7 Current assets Stocks Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account Members funds |
2024 £ 56,253 12,720 31,845 55,850 100,415 ) (9,352 |
£ 56,253 91,063 147,316 147,316 147,316 147,316 |
2023 £ 57,733 12,129 23,747 24,165 60,041 ) (1,680 |
£ 57,733 58,361 |
|---|---|---|---|---|
| 116,094 | ||||
| 116,094 | ||||
| 116,094 | ||||
| 116,094 |
For the year ending 31 March 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 year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The notes on pages 8 to 12 form part of these financial statements.
Angels and Monsters Ltd Company limited by guarantee
Statement of financial position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024, and are signed on behalf of the board by:
Mrs J L Wentworth Director
Company registration number: 07327878
The notes on pages 8 to 12 form part of these financial statements.
Angels and Monsters Ltd Company limited by guarantee
Statement of changes in equity Year ended 31 March 2024
| Profit and loss account £ At 1 April 2022 135,730 Profit/(loss) for the year ) (19,636 Total comprehensive income for the year ) (19,636 At 31 March 2023 and 1 April 2023 116,094 Profit/(loss) for the year 31,222 Total comprehensive income for the year 31,222 At 31 March 2024 147,316 |
Total £ 135,730 ) (19,636 ) (19,636 116,094 31,222 31,222 147,316 |
|---|---|
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements Year ended 31 March 2024
1. General information
The company is a private company limited by guarantee, registered in England. The address of the registered office is 9 Cantrell Road, Leicester, LE3 1SD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2024
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Short leasehold property | - | 20% | straight line |
|---|---|---|---|
| Fittings fixtures and equipment | - | 25% | straight line |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2024
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a 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.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Limited by guarantee
Mrs J L Wentworth and Mrs C L Gray are the subscriber members of the company which is limited by guarantee. In the event of the company being wound up each member is subject to a guaranteed contribution of £10 each.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 9).
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2024
6. Profit/loss before taxation
Profit/loss before taxation is stated after charging/(crediting):
| 2024 £ Depreciation of tangible assets 1,480 7. Tangible assets Short leasehold property Fixtures, fittings and equipment £ £ Cost At 1 April 2023 and 31 March 2024 74,003 18,846 Depreciation At 1 April 2023 16,270 18,846 Charge for the year 1,480 - At 31 March 2024 17,750 18,846 Carrying amount At 31 March 2024 56,253 - At 31 March 2023 57,733 - 8. Debtors 2024 £ Other debtors 31,845 9. Creditors: amounts falling due within one year 2024 £ Social security and other taxes 3,987 Other creditors 5,365 9,352 |
2023 £ 2,152 |
|---|---|
| Total £ 92,849 |
|
| 35,116 1,480 |
|
| 36,596 | |
| 56,253 | |
| 57,733 | |
| 2023 £ 23,747 |
|
| 2023 £ - 1,680 |
|
| 1,680 |
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2024
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
| 2024 Mrs J L Wentworth Mrs C L Gray 2023 Mrs J L Wentworth Mrs C L Gray |
Balance brought forward Advances /(credits) to the directors Balance o/standing £ £ £ 11,627 3,667 15,294 12,120 4,431 16,551 23,747 8,098 31,845 Balance brought forward Advances /(credits) to the directors Balance o/standing £ £ £ 7,702 3,925 11,627 7,196 4,924 12,120 14,898 8,849 23,747 |
Balance brought forward Advances /(credits) to the directors Balance o/standing £ £ £ 11,627 3,667 15,294 12,120 4,431 16,551 23,747 8,098 31,845 Balance brought forward Advances /(credits) to the directors Balance o/standing £ £ £ 7,702 3,925 11,627 7,196 4,924 12,120 14,898 8,849 23,747 |
|---|---|---|
| 23,747 |
Angels and Monsters Ltd Company limited by guarantee
The following pages do not form part of the statutory accounts.
Angels and Monsters Ltd Company limited by guarantee
Detailed income statement Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Turnover | ||
| Creche and childcare income | 399,945 | 385,194 |
| 399,945 | 385,194 | |
| Cost of sales | ||
| Opening stock | ) (12,129 |
) (12,049 |
| Purchases for creche and consumables | ) (56,071 |
) (64,570 |
| Travel vouchers for parents | ) (52,020 |
) (66,600 |
| Commissions - Recommend a friend | ) (4,400 |
) (6,950 |
| ) (124,620 |
) (150,169 |
|
| Closing stock | 12,720 | 12,129 |
| 111,900 | 138,040 | |
| Gross profit | 288,045 | 247,154 |
| Gross profit percentage | % 72.0 |
% 64.2 |
| Overheads | ||
| Administrative expenses | ) (257,009 |
) (267,145 |
| ) (257,009 |
) (267,145 |
|
| Other operating income | ||
| Donations received | - | 320 |
| - | 320 | |
| Operating profit/(loss) | 31,036 | ) (19,671 |
| Operating profit/(loss) percentage | % 7.8 |
% 5.1 |
| Other interest receivable and similar income | 186 | 35 |
| Profit/(loss) before taxation | 31,222 | ) (19,636 |
Angels and Monsters Ltd Company limited by guarantee
Detailed income statement (continued) Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Overheads | ||
| Administrative expenses | ||
| Wages and salaries | ) (98,128 |
) (99,441 |
| Directors remuneration | ) (90,000 |
) (90,000 |
| Employer's social security contributions | ) (11,894 |
) (12,401 |
| Directors pension costs - defined contribution | ) (2,326 |
) (2,326 |
| Staff pension costs - defined contribution | ) (1,856 |
) (1,523 |
| Staff training and welfare | ) (5,826 |
) (10,391 |
| Rent payable | ) (14,500 |
) (14,500 |
| Insurance | ) (3,232 |
) (1,136 |
| Light and heat | ) (6,306 |
) (7,770 |
| Repairs and maintenance | ) (6,585 |
) (11,204 |
| Printing, postage and stationery | ) (1,661 |
) (880 |
| Telephone | ) (4,806 |
) (3,860 |
| Travelling expenses | ) (6,298 |
) (6,462 |
| Legal and professional | ) (114 |
) (1,206 |
| Accountancy fees | ) (1,740 |
) (1,680 |
| Bank charges | ) (257 |
) (213 |
| Depreciation of tangible assets | ) (1,480 |
) (2,152 |
| ) (257,009 |
) (267,145 |
Company registration number: 07327878
Angels and Monsters Ltd Company limited by guarantee
Unaudited financial statements
31 March 2024
Angels and Monsters Ltd Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors and other information | 1 |
| Directors report | 2 |
| Accountant's report | 3 |
| Statement of comprehensive income | 4 |
| Statement of financial position | 5 - 6 |
| Statement of changes in equity | 7 |
| Notes to the financial statements | 8 - 12 |
Angels and Monsters Ltd Company limited by guarantee
Directors and other information
| Directors | Mrs J L Wentworth |
|---|---|
| Mrs C L Gray | |
| Company number | 07327878 |
| Registered office | 9 Cantrell Road |
| Leicester | |
| LE3 1SD | |
| Business address | 9 Cantrell Road |
| Leicester | |
| LE3 1SD | |
| Accountant | J Robins Accountants |
| First Floor | |
| 59-63 Wood Street | |
| Earl Shilton | |
| Leicestershire | |
| LE9 7NE | |
| Bankers | Santander UK plc |
| BBAM, Bridle Road | |
| Bootle | |
| Merseyside | |
| L30 4GB |
Angels and Monsters Ltd Company limited by guarantee
Directors report Year ended 31 March 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2024.
Directors
The directors who served the company during the year were as follows:
Mrs J L Wentworth Mrs C L Gray
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 30 August 2024 and signed on behalf of the board by:
Mrs J L Wentworth Director
Angels and Monsters Ltd Company limited by guarantee
Report to the board of directors on the preparation of the unaudited statutory financial statements of Angels and Monsters Ltd Year ended 31 March 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2024 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
J Robins Accountants Chartered Certified Accountants
First Floor 59-63 Wood Street Earl Shilton Leicestershire LE9 7NE
30 August 2024
Angels and Monsters Ltd Company limited by guarantee
Statement of comprehensive income Year ended 31 March 2024
| 2024 | 2023 | 2023 | ||
|---|---|---|---|---|
| Note | £ | £ | ||
| Turnover | 399,945 | 385,194 | ||
| Cost of sales | ) (111,900 |
) (138,040 |
||
| Gross profit | 288,045 | 247,154 | ||
| Administrative expenses | ) (257,009 |
) (267,145 |
||
| Other operating income | - | 320 | ||
| Operating profit/(loss) | 31,036 | (19,671 | ) | |
| Other interest receivable and similar income | 186 | 35 | ||
| Profit/(loss) before taxation | 6 | 31,222 | (19,636 | ) |
| Tax on profit/(loss) | - | - | ||
| Profit/(loss) for the financial year and total | ||||
| comprehensive income | 31,222 | (19,636 | ) |
All the activities of the company are from continuing operations.
The notes on pages 8 to 12 form part of these financial statements.
Angels and Monsters Ltd Company limited by guarantee
Statement of financial position 31 March 2024
| Note Fixed assets Tangible assets 7 Current assets Stocks Debtors 8 Cash at bank and in hand Creditors: amounts falling due within one year 9 Net current assets Total assets less current liabilities Net assets Capital and reserves Profit and loss account Members funds |
2024 £ 56,253 12,720 31,845 55,850 100,415 ) (9,352 |
£ 56,253 91,063 147,316 147,316 147,316 147,316 |
2023 £ 57,733 12,129 23,747 24,165 60,041 ) (1,680 |
£ 57,733 58,361 |
|---|---|---|---|---|
| 116,094 | ||||
| 116,094 | ||||
| 116,094 | ||||
| 116,094 |
For the year ending 31 March 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 year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The notes on pages 8 to 12 form part of these financial statements.
Angels and Monsters Ltd Company limited by guarantee
Statement of financial position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 30 August 2024, and are signed on behalf of the board by:
Mrs J L Wentworth Director
Company registration number: 07327878
The notes on pages 8 to 12 form part of these financial statements.
Angels and Monsters Ltd Company limited by guarantee
Statement of changes in equity Year ended 31 March 2024
| Profit and loss account £ At 1 April 2022 135,730 Profit/(loss) for the year ) (19,636 Total comprehensive income for the year ) (19,636 At 31 March 2023 and 1 April 2023 116,094 Profit/(loss) for the year 31,222 Total comprehensive income for the year 31,222 At 31 March 2024 147,316 |
Total £ 135,730 ) (19,636 ) (19,636 116,094 31,222 31,222 147,316 |
|---|---|
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements Year ended 31 March 2024
1. General information
The company is a private company limited by guarantee, registered in England. The address of the registered office is 9 Cantrell Road, Leicester, LE3 1SD.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2024
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Short leasehold property | - | 20% | straight line |
|---|---|---|---|
| Fittings fixtures and equipment | - | 25% | straight line |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
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.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2024
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a 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.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Limited by guarantee
Mrs J L Wentworth and Mrs C L Gray are the subscriber members of the company which is limited by guarantee. In the event of the company being wound up each member is subject to a guaranteed contribution of £10 each.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 9).
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2024
6. Profit/loss before taxation
Profit/loss before taxation is stated after charging/(crediting):
| 2024 £ Depreciation of tangible assets 1,480 7. Tangible assets Short leasehold property Fixtures, fittings and equipment £ £ Cost At 1 April 2023 and 31 March 2024 74,003 18,846 Depreciation At 1 April 2023 16,270 18,846 Charge for the year 1,480 - At 31 March 2024 17,750 18,846 Carrying amount At 31 March 2024 56,253 - At 31 March 2023 57,733 - 8. Debtors 2024 £ Other debtors 31,845 9. Creditors: amounts falling due within one year 2024 £ Social security and other taxes 3,987 Other creditors 5,365 9,352 |
2023 £ 2,152 |
|---|---|
| Total £ 92,849 |
|
| 35,116 1,480 |
|
| 36,596 | |
| 56,253 | |
| 57,733 | |
| 2023 £ 23,747 |
|
| 2023 £ - 1,680 |
|
| 1,680 |
Angels and Monsters Ltd Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 March 2024
10. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
| 2024 Mrs J L Wentworth Mrs C L Gray 2023 Mrs J L Wentworth Mrs C L Gray |
Balance brought forward Advances /(credits) to the directors Balance o/standing £ £ £ 11,627 3,667 15,294 12,120 4,431 16,551 23,747 8,098 31,845 Balance brought forward Advances /(credits) to the directors Balance o/standing £ £ £ 7,702 3,925 11,627 7,196 4,924 12,120 14,898 8,849 23,747 |
Balance brought forward Advances /(credits) to the directors Balance o/standing £ £ £ 11,627 3,667 15,294 12,120 4,431 16,551 23,747 8,098 31,845 Balance brought forward Advances /(credits) to the directors Balance o/standing £ £ £ 7,702 3,925 11,627 7,196 4,924 12,120 14,898 8,849 23,747 |
|---|---|---|
| 23,747 |
Angels and Monsters Ltd Company limited by guarantee
The following pages do not form part of the statutory accounts.
Angels and Monsters Ltd Company limited by guarantee
Detailed income statement Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Turnover | ||
| Creche and childcare income | 399,945 | 385,194 |
| 399,945 | 385,194 | |
| Cost of sales | ||
| Opening stock | ) (12,129 |
) (12,049 |
| Purchases for creche and consumables | ) (56,071 |
) (64,570 |
| Travel vouchers for parents | ) (52,020 |
) (66,600 |
| Commissions - Recommend a friend | ) (4,400 |
) (6,950 |
| ) (124,620 |
) (150,169 |
|
| Closing stock | 12,720 | 12,129 |
| 111,900 | 138,040 | |
| Gross profit | 288,045 | 247,154 |
| Gross profit percentage | % 72.0 |
% 64.2 |
| Overheads | ||
| Administrative expenses | ) (257,009 |
) (267,145 |
| ) (257,009 |
) (267,145 |
|
| Other operating income | ||
| Donations received | - | 320 |
| - | 320 | |
| Operating profit/(loss) | 31,036 | ) (19,671 |
| Operating profit/(loss) percentage | % 7.8 |
% 5.1 |
| Other interest receivable and similar income | 186 | 35 |
| Profit/(loss) before taxation | 31,222 | ) (19,636 |
Angels and Monsters Ltd Company limited by guarantee
Detailed income statement (continued) Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Overheads | ||
| Administrative expenses | ||
| Wages and salaries | ) (98,128 |
) (99,441 |
| Directors remuneration | ) (90,000 |
) (90,000 |
| Employer's social security contributions | ) (11,894 |
) (12,401 |
| Directors pension costs - defined contribution | ) (2,326 |
) (2,326 |
| Staff pension costs - defined contribution | ) (1,856 |
) (1,523 |
| Staff training and welfare | ) (5,826 |
) (10,391 |
| Rent payable | ) (14,500 |
) (14,500 |
| Insurance | ) (3,232 |
) (1,136 |
| Light and heat | ) (6,306 |
) (7,770 |
| Repairs and maintenance | ) (6,585 |
) (11,204 |
| Printing, postage and stationery | ) (1,661 |
) (880 |
| Telephone | ) (4,806 |
) (3,860 |
| Travelling expenses | ) (6,298 |
) (6,462 |
| Legal and professional | ) (114 |
) (1,206 |
| Accountancy fees | ) (1,740 |
) (1,680 |
| Bank charges | ) (257 |
) (213 |
| Depreciation of tangible assets | ) (1,480 |
) (2,152 |
| ) (257,009 |
) (267,145 |