REGISTERED NUMBER: 03855779 (England and Wales)
JIGSO CHILDRENS CENTRE
REPORT OF THE DIRECTORS AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
D M B Davies Limited Broyan House Priory Street Cardigan Ceredigion SA43 1BZ
JIGSO CHILDRENS CENTRE
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Detailed Profit and Loss Account | 7 |
JIGSO CHILDRENS CENTRE
COMPANY INFORMATION for the Year Ended 31 MARCH 2023
| DIRECTORS: | Mrs E B Jones |
|---|---|
| Ms C R Wakelam | |
| Ms D W Dearlove | |
| Ms K Martin | |
| Mrs B Meredith | |
| SECRETARY: | |
| REGISTERED OFFICE: | 1 Pont Y Cleifion |
| Cardigan | |
| Ceredigion | |
| SA43 1DW | |
| REGISTERED NUMBER: | 03855779 (England and Wales) |
| ACCOUNTANTS: | D M B Davies Limited |
| Broyan House | |
| Priory Street | |
| Cardigan | |
| Ceredigion | |
| SA43 1BZ |
Page 1
JIGSO CHILDRENS CENTRE
REPORT OF THE DIRECTORS for the Year Ended 31 MARCH 2023
The directors present their report with the financial statements of the company for the year ended 31 March 2023.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Childrens Centre
DIRECTORS
Mrs E B Jones has held office during the whole of the period from 1 April 2022 to the date of this report.
Other changes in directors holding office are as follows:
Ms C R Wakelam - appointed 1 April 2022 Ms D W Dearlove - appointed 1 April 2022 Mrs B Meredith - appointed 8 December 2022
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Ms D W Dearlove - Director
21 December 2023
Page 2
JIGSO CHILDRENS CENTRE
INCOME STATEMENT for the Year Ended 31 MARCH 2023
| Notes TURNOVER Administrative expenses Other operating income OPERATING LOSS 4 Interest receivable and similar income LOSS BEFORE TAXATION Tax on loss LOSS FOR THE FINANCIAL YEAR |
2023 £ 108,671 130,805 (22,134) 2,150 (19,984) 128 (19,856) - (19,856) |
2022 £ 140,966 151,713 (10,747) 1,585 (9,162) 6 (9,156) - (9,156) |
|---|---|---|
The notes form part of these financial statements
Page 3
JIGSO CHILDRENS CENTRE (REGISTERED NUMBER: 03855779)
BALANCE SHEET 31 MARCH 2023
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Retained earnings |
2023 £ - 75,612 75,612 690 |
£ 22,960 74,922 97,882 97,882 97,882 |
2022 £ 1,000 92,241 93,241 652 |
£ 25,149 92,589 |
|---|---|---|---|---|
| 117,738 | ||||
| 117,738 | ||||
| 117,738 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:
Ms D W Dearlove - Director
The notes form part of these financial statements
Page 4
JIGSO CHILDRENS CENTRE
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2023
1. STATUTORY INFORMATION
Jigso Childrens Centre is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery etc - 15% on reducing balance
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 6 (2022 - 8).
Page 5
continued...
JIGSO CHILDRENS CENTRE
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2023
| 4. OPERATING LOSS The operating loss is stated after charging: 2023 £ Depreciation - owned assets 5,535 5. TANGIBLE FIXED ASSETS Fixtures and Motor Computer fittings vehicles equipment £ £ £ COST At 1 April 2022 29,099 28,124 1,020 Additions 2,626 - 720 At 31 March 2023 31,725 28,124 1,740 DEPRECIATION At 1 April 2022 15,821 16,751 522 Charge for year 2,386 2,844 305 At 31 March 2023 18,207 19,595 827 NET BOOK VALUE At 31 March 2023 13,518 8,529 913 At 31 March 2022 13,278 11,373 498 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Trade debtors - 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other creditors 690 |
2022 £ 6,299 Totals £ 58,243 3,346 |
2022 £ 6,299 Totals £ 58,243 3,346 |
|---|---|---|
| 61,589 | ||
| 33,094 5,535 |
||
| 38,629 | ||
| 22,960 | ||
| 25,149 | ||
| 2022 £ 1,000 |
||
| 2022 £ 652 |
Page 6
JIGSO CHILDRENS CENTRE
DETAILED PROFIT AND LOSS ACCOUNT for the Year Ended 31 MARCH 2023
| Turnover Donations Grants Fundraising Day to Day Income Service provision Other income Rents received Sundry receipts Deposit account interest Expenditure Wages Travelling Pensions Refreshments and Subsistence Equipment & Books Purchases Rates and water Insurance Light and heat Repairs to property Fund Raising Expenses Training & Courses Room/Library Hire Activities Healthy Hearts Expenses Computer Expenses Telephone Post and stationery Advertising and marketing Licences and insurance DBS/CAVO Checks Household and cleaning Uniforms PAT testing Subscriptions and fees Sundry expenses Accountancy Legal and professional fees Finance costs Bank charges Carried forward |
2023 £ 2,754 95,357 5,123 2,797 2,640 1,851 299 128 82,275 1,769 5,187 1,615 1,012 258 509 3,730 310 308 622 15,823 341 - 1,925 718 374 25 20 70 7 - 808 302 299 868 5,808 |
£ 108,671 2,278 110,949 124,983 (14,034) 289 (14,323) |
2022 £ 910 138,726 456 874 - 1,185 400 6 94,424 827 6,236 468 4,257 203 2,002 2,678 450 - 3,921 17,880 1,585 29 1,364 709 314 851 - 100 690 37 - 1,181 657 980 3,368 |
£ 140,966 1,591 142,557 145,211 (2,654) 202 (2,856) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 7
JIGSO CHILDRENS CENTRE
DETAILED PROFIT AND LOSS ACCOUNT for the Year Ended 31 MARCH 2023
| Brought forward Depreciation Fixtures and fittings Motor vehicles Computer equipment NET LOSS |
2023 £ 2,386 2,843 304 |
£ (14,323) 5,533 (19,856) |
2022 £ 2,343 3,791 166 |
£ (2,856) 6,300 (9,156) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
Page 8