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|



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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 

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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. 

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THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENT YEAR ENDED 30th April 2025 BALANCE SHEET 

|FINANCIAL STATEMENT<br>YEAR ENDED 30th April 2025<br>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) 

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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<br>DEPRECIATION<br>On 1st May 2024<br>Charge for the year<br>TOTAL<br>NET BOOK VALUE<br>At 30th APRIL  2025|£<br>Motor Vehicles<br>9,500<br>2,850<br>2,508<br>5,358<br>4,142|£<br>Oters Assets<br>2,400<br>2,083<br>0<br>2,083<br>317|£<br>11,900<br>4,933<br>2,508|
||||7,441|
|||||
||||4,459|



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THE SAPPHIRE EMPLOYABILITY AND WELLBEING ACADEMY LTD FINANCIAL STATEMENTS YEAR ENDED 30th April 2025 NOTES TO THE FINANCIAL STATEMENTS 

___________________________________________________________________________ 

## 4. DEBTORS 

|Trade Debtors<br>Total<br>5. CREDITORS: Amounts falling due within one year<br>Trade Creditors<br>Loan<br>Total||2025<br>0<br>0|
|---|---|---|
|||2025<br>8,271<br>3,974|
|||12,245|



## 6. CREDITORS: Amounts falling due after one year 

|Loan<br>Total|2025<br>0<br>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 

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## 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|



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