THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD
FINANCIAL STATEMENTS
30th April 2025
Company Registration Number 14828368
DC Accountancy Services
Financial and Management Accountants & IT Consultants Tottenham Town Hall, Town Hall Approach London N15 4RY
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS YEAR ENDED 30th April 2025 CONTENTS
| CONTENTS | PAGE |
|---|---|
| The directors' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 7 |
The following pages do not form part of the financial statements
| Accountants' report to the directors | 9 |
|---|---|
| Detailed profit and loss account | 10 |
2
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS THE DIRECTORS’ REPORT YEAR ENDED 30th April 2025
The directors present their report and the unaudited financial statements of the company for the year ended 30th April 2025.
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was the provision of other activities of employment placement agencies and temporary employment agency activities.
THE DIRECTORS AND THEIR INTERESTS IN SHARES OF THE COMPANY
The directors are confident of the potential of the company in the foreseeable future and report small profits in the current year.
The Directors Ordinary shares of £1 each
At 30/04/2024 At 30/04/2025 CANNON-IKURUSI, Jasmine N 1 1
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the special provisions for small companies under the Companies Act 2006.
Registered Office
Unit 44, Olav Business Centre, Lower Road, London, England, SE16 2XB
CANNON-IKURUSI, Jasmine Ni (Signed by Order of the Directors)
Approved by the directors on / /2025
3
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS PROFIT AND LOSS ACCOUNT YEAR ENDED 30th April 2025
TURNOVER
| 2025 | |
|---|---|
| Sales | 1,377,510 |
| Direct Expenses | (841,464) |
| GROSS PROFIT | 536,046 |
| Overheads | (515,128) |
| Net profit (loss) before tax | 20,918 |
| Tax | (3,974) |
| RETAINED PROFIT/(LOSS) FOR THE FINANCIAL YEAR | 16,944 |
| Balance brought forward | 48,236 |
| Balance carried forward | 65,180 |
None of the company's activities were acquired or discontinued during the above financial year.
The Company has no recognised gains or losses other than the results for the year as set out above.
4
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENT YEAR ENDED 30th April 2025 BALANCE SHEET
| FINANCIAL STATEMENT YEAR ENDED 30th April 2025 BALANCE SHEET |
|||
|---|---|---|---|
| Notes | 2025 | ||
| FIXED ASSETS | |||
| Tangible Assets | 3 | 4,459 | |
| CURRENT ASSETS | |||
| Debtors | 31,093 | ||
| Cash In Bank | 41,874 | ||
| Total | 72,967 | ||
| CREDITORS: Amounts falling due within one year | 5 | (12,245) | |
| Current Assets Less Current Liabilities | 60,722 | ||
| CREDITORS: Amounts falling due after one year | 0 | ||
| Total Assets Less Total Liabilities | 65,181 | ||
| CAPITAL AND RESERVES | |||
| Called up equity share capital | 1 | ||
| Profit and Loss Account | 65,180 | ||
| Shareholders fund | 65,181 |
For the year ending 30th April 2025, the company was entitled to exemption from under Section 477 of the Companies Act 2006 relating to small companies.
Director’s responsibilities:
-
(I) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476.
-
(II) 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 in accordance with the provisions applicable to companies subject to the small company’s regime.
These financial statements were approved by the directors on the. ----/----/ 2023 and are signed on their behalf by:
CANNON-IKURUSI, Jasmine N (Company Director)
5
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS YEAR ENDED 30th April 2025 NOTES TO THE FINANCIAL STATEMENTS
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Depreciation
Depreciation is calculated so as to write off the cost of an asset over the useful economic life of that asset as follows:
Fixtures & Fittings 25% Office Equipment 25%
2. OPERATING PROFIT/LOSS
Operating profit/loss is stated after charging:
2025
Directors' emoluments
Depreciation
3. TANGIBLE FIXED ASSETS
| 3. TANGIBLE FIXED ASSETS | |||
|---|---|---|---|
| COST at 30th April 2025 DEPRECIATION On 1st May 2024 Charge for the year TOTAL NET BOOK VALUE At 30th APRIL 2025 |
£ Motor Vehicles 9,500 2,850 2,508 5,358 4,142 |
£ Oters Assets 2,400 2,083 0 2,083 317 |
£ 11,900 4,933 2,508 |
| 7,441 | |||
| 4,459 |
6
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS YEAR ENDED 30th April 2025 NOTES TO THE FINANCIAL STATEMENTS
4. DEBTORS
| Trade Debtors Total 5. CREDITORS: Amounts falling due within one year Trade Creditors Loan Total |
2025 0 0 |
|
|---|---|---|
| 2025 8,271 3,974 |
||
| 12,245 |
6. CREDITORS: Amounts falling due after one year
| Loan Total |
2025 0 0 |
|---|---|
| 0 |
7. RELATED PARTY TRANSACTIONS
The company was under the control of the director throughout the current year.
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.
7
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS YEAR ENDED 30th April 2025 MANAGEMENT INFORMATION
The following pages do not form part of the statutory financial statements.
8
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS YEAR ENDED 30th April 2025 ACCOUNTANT'S REPORT TO THE DIRECTORS
As described on the balance sheet, you are responsible for preparing the accounts for the year ended 30[th] April 2025, set out on pages 2 to 5, and you consider that the company is exempt from an audit under the Companies Act 2006. By your instructions, we have compiled these unaudited accounts to assist you in fulfilling your statutory responsibilities from the accounting records and information and explanations supplied to us.
---------/---------/2025
Daniel Meguille BSc, FMAAT, AIBA, AIC DC Accountancy Services Tottenham Town Hall Town Hall Approach Road London N15 4RY
9
THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS YEAR ENDED 30th April 2025 DETAILED INCOME AND EXPENDITURE
| 2025 | ||
|---|---|---|
| Turnover | ||
| Income | 1,338,720 | |
| Grant Income | 38,532 | |
| Interest Received | 258 | |
| TOTAL INCOME | 1,377,510 | |
| Direct Costs | -841,464 | |
| GROSS PROFIT | 536,046 | |
| OVERHEADS | ||
| Wages | 344,698 | |
| Rents | 38,653 | |
| Accountanycy fees | 1,473 | |
| Advertising aand promotions | 4,768 | |
| Bank charges | 987 | |
| Books/journals | 181 | |
| Business Entertainement | 1,520 | |
| Charitable donations | 1,350 | |
| Computer hardware/software | 3,120 | |
| Consultancy fees | 29,175 | |
| Insurance | 8,031 | |
| Internet & Telephone | 6,084 | |
| Leasing payments | 9,822 | |
| Legal and Professional fee | 616 | |
| Motor Expenses | 11,394 | |
| Office cost | 4,108 | |
| Office equipment | 6,395 | |
| PAYE/NI Eexpenses | 6,920 | |
| Pensions | 183 | |
| Staff Entertainement | 1,902 | |
| Staff Training | 4,654 | |
| Subcription | 1,177 | |
| Travel | 24,936 | |
| Website | 473 | |
| Depreciation | 2,508 | |
| Total Overheda | 515,128 | |
| Total Net Profit ( Loss) | 20,918 |
10