Company Registration No. NI048829 (Northern Ireland)
NI4Kids Limited
Unaudited accounts
for the year ended 31 March 2023
NI4Kids Limited
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
(29,149)
(16,253)
Creditors: amounts falling due within one year
(34,755)
(26,134)
Net current liabilities
(22,545)
(7,024)
Total assets less current liabilities
(19,974)
(6,124)
Creditors: amounts falling due after more than one year
(28,357)
(37,845)
Net liabilities
(48,331)
(43,969)
Called up share capital
3,000
3,000
Profit and loss account
(51,331)
(46,969)
Shareholders' funds
(48,331)
(43,969)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2023 and were signed on its behalf by
Gary Hamilton
Director
Company Registration No. NI048829
NI4Kids Limited
Notes to the Accounts
for the year ended 31 March 2023
NI4Kids Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI048829. The registered office is Unit 2, Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT39DE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: 20%
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The directors believe that NI4Kids Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
NI4Kids Limited
Notes to the Accounts
for the year ended 31 March 2023
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Intangible fixed assets
Goodwill
Other
Total
At 1 April 2022
125,000
17,625
142,625
Disposals
(125,000)
(17,625)
(142,625)
At 1 April 2022
125,000
17,625
142,625
On disposals
(125,000)
(17,625)
(142,625)
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Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
37,675
28,400
NI4Kids Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,571
9,571
Trade creditors
3,471
3,829
Taxes and social security
14,356
8,406
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Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
3,000 Ordinary shares of £1 each
3,000
3,000
Included within other debtors are loans to directors amounting to £3,644 (2022: £6,963). During the year amounts advanced totaled £11,840 and amounts repaid totaled £15,118.
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Average number of employees
During the year the average number of employees was 7 (2022: 8).
