Registered number NI037787
THE CROWS NEST COMMUNITY PLAYROUP LIMITED
Report and Accounts
30 June 2024
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Profit and loss account | 3 |
| Balance sheet | 4 |
| Statement of changes in equity | 5 |
| Notes to the accounts | 6-9 |
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Company Information
Directors
David Condell Mrs Jacqueline Barr Mrs Olive Collins Mrs Gillian Pollock
Secretary
Catherine McConnell
Accountants
J A S Campbell & Co 49 Managher Road Aghadowey Coleraine Co Londonderry BT51 4DE
Registered office
127 Curragh Road Aghadodowey Coleraine Co Londonderry BT51 4BT
Registered number NI037787
1
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Registered number: NI037787 Directors' Report
The directors present their report and accounts for the year ended 30 June 2024.
Principal activities
The company's principal activity during the year continued to be the enhancemant, development and education of pre-school children by offering appropriate play facilities and sessional day care facilities. During the year of trading the company made a profit increasing reserves.
Directors
The following persons served as directors during the year:
David Condell Mrs Jacqueline Barr Mrs Olive Collins Mrs Gillian Pollock
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 10 October 2024 and signed on its behalf.
David Condell Director
2
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Profit and Loss Account for the year ended 30 June 2024
| Notes Turnover Cost of sales Gross profit Administrative expenses Operating (loss)/profit Interest receivable (Loss)/profit on ordinary activities before taxation Tax on (loss)/profit on ordinary activities (Loss)/profit for the financial year |
2024 £ 54,617 (1,835) 52,782 (68,476) (15,694) 183 (15,511) - (15,511) |
2023 £ 84,401 (9,535) |
|---|---|---|
| 74,866 (55,719) |
||
| 19,147 96 |
||
| 19,243 - |
||
| 19,243 |
3
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Registered number: NI037787
Balance Sheet as at 30 June 2024
| Notes Fixed assets Tangible assets 3 Investments 4 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Capital Grant Reserve Other Reserves 6 Profit and loss account Shareholders' funds |
2024 £ 76,425 2,090 78,515 8,051 (980) 7,071 85,586 1,796 10,025 73,765 85,586 |
2023 £ 73,435 16,517 89,952 13,487 (1,060) 12,427 102,379 3,078 10,025 89,276 102,379 |
2023 £ 73,435 16,517 |
|---|---|---|---|
| 102,379 | |||
| 3,078 10,025 89,276 |
|||
| 102,379 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Condell Director Approved by the board on 10 October 2024
4
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Statement of Changes in Equity for the year ended 30 June 2024
| At 1 July 2022 Profit for the financial year At 30 June 2023 At 1 July 2023 Loss for the financial year At 30 June 2024 |
Share capital £ - - - - |
Share premium £ 3,078 3,078 1,796 1,796 |
Re- valuation reserve £ 10,025 10,025 10,025 10,025 |
Profit and loss account £ 70,033 19,243 89,276 89,276 (15,511) 73,765 |
Total £ 83,136 19,243 |
|---|---|---|---|---|---|
| 102,379 | |||||
| 101,097 (15,511) |
|||||
| 85,586 |
5
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Notes to the Accounts for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | over 62.5 years |
|---|---|
| Leasehold land and buildings | over the lease term |
| Plant and machinery | over 5 years |
| Fixtures, fittings, tools and equipment | over 5 years |
Investments
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Notes to the Accounts for the year ended 30 June 2024
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
7
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Notes to the Accounts
for the year ended 30 June 2024
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 July 2023 Additions At 30 June 2024 Depreciation At 1 July 2023 Charge for the year At 30 June 2024 Net book value At 30 June 2024 At 30 June 2023 4 Investments Cost At 1 July 2023 Disposals At 30 June 2024 5 Creditors: amounts falling due within one year Trade creditors |
2024 2023 Number Number 4 4 Land and buildings £ 91,336 9,720 101,056 17,901 6,730 24,631 76,425 73,435 Investments in subsidiary undertakings £ 16,517 (14,427) 2,090 2024 2023 £ £ 980 1,060 |
2023 Number 4 |
|---|---|---|
| Land and buildings £ 91,336 9,720 |
||
| 101,056 | ||
| 17,901 6,730 |
||
| 24,631 | ||
| 76,425 | ||
| 73,435 | ||
| 2,090 | ||
| 2023 £ 1,060 |
8
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Notes to the Accounts
for the year ended 30 June 2024
| 6 Revaluation reserve At 1 July 2023 At 30 June 2024 |
2024 £ 10,025 10,025 |
2023 £ 10,025 |
|---|---|---|
| 10,025 |
7 Other information
THE CROWS NEST COMMUNITY PLAYROUP LIMITED is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
127 Curragh Road Aghadodowey Coleraine Co Londonderry BT51 4BT
9
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Detailed profit and loss account for the year ended 30 June 2024
| Sales Cost of sales Gross profit Administrative expenses Operating (loss)/profit Interest receivable (Loss)/profit before tax |
2024 £ 54,617 (1,835) 52,782 (68,476) (15,694) 183 (15,511) |
2023 £ 84,401 (9,535) |
|---|---|---|
| 74,866 (55,719) |
||
| 19,147 96 |
||
| 19,243 |
10
THE CROWS NEST COMMUNITY PLAYROUP LIMITED Detailed profit and loss account for the year ended 30 June 2024
| Sales Sales Cost of sales Other direct costs Administrative expenses Employee costs: Wages and salaries Pensions Uniforms Staff training and welfare Training Premises costs: Light and heat General administrative expenses: Telephone and fax Stationery and printing Bank charges Insurance Repairs and maintenance Depreciation Legal and professional costs: Accountancy fees Other legal and professional |
2024 £ 54,617 1,835 45,889 1,259 1,246 1,282 - 49,676 3,515 3,515 853 609 204 1,059 3,646 6,730 13,101 1,294 890 2,184 68,476 |
2023 £ 84,401 |
|---|---|---|
| 9,535 | ||
| 36,158 2,226 988 1,541 80 |
||
| 40,993 | ||
| 5,117 | ||
| 5,117 | ||
| 755 263 66 995 1,182 5,240 |
||
| 8,501 | ||
| 1,010 98 |
||
| 1,108 | ||
| 55,719 |
11