ANGEL HOUSE KIDS CLUB LIMITED - Accounts

ANGEL HOUSE KIDS CLUB LIMITED - Accounts

ANGEL HOUSE KIDS CLUB LIMITED - Company Information

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Registered Number: 08493113


 

 

 

ANGEL HOUSE KIDS CLUB LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

ANGEL HOUSE KIDS CLUB LIMITED
Contents Page
For the year ended 31 March 2023
Director Elizabeth Saibu
Registered Number 08493113
Registered Office 98 MCGRATH ROAD
LONDON E15 4SU
London
London
E15 4SU
Accountants MAAGE Accountancy Services
21 Nimrod Close
Woodley
Wokingham
RG5 4UW
1
Director's report and financial statements
The director presents annual report and the financial statements for the year ended 31 March 2023.
Despite facing challenges stemming from the COVID-19 pandemic, I am proud to report that our company has shown resilience and adaptability in navigating through turbulent times.

The year 2022 began with the aftermath of the COVID lockdown, which significantly impacted our business operations. However, I am pleased to inform you that towards the end of 2023, we observed a notable uptick in our business performance. This resurgence was a testament to our team's dedication and strategic initiatives to revive our operations.

One significant development during this period was the reopening of our Leys Primary School Branch, which had remained closed post-lockdown. Reopening this branch proved to be akin to starting from scratch, as we had lost our previous clientele to competitors or alternative care arrangements. Despite initial challenges, including the initial start-up costs, we remained steadfast in our efforts to rebuild the branch's reputation and clientele base.

Despite the accounts showing a loss this year and last year, we are not overly concerned as we project a better 2024. With the closure of the Leys branch and the positive trajectory of our remaining branches, we anticipate a significant improvement in our financial performance over the coming year.

Additionally, we have been receiving inquiries from other schools interested in utilizing our company to facilitate their childcare requirements. This indicates a growing recognition of our services and presents new opportunities for expansion and revenue generation.

In conclusion, despite the challenges faced during the past year, I am optimistic about the future prospects of Angel House Kids Club Ltd. Our commitment to excellence, coupled with prudent decision-making, will continue to drive our success in the years to come.











Principal activities
Principal activity of the company during the financial year was childcare
Director
The director who served the company throughout the year was as follows:
Elizabeth Saibu
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Elizabeth Saibu
Director

Date approved: 28 February 2024
2
Accountants report
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. [Mary Kareem-Osho]
[31 March 2023]



....................................................
MAAGE Accountancy Services
21 Nimrod Close
Woodley
Wokingham
RG5 4UW
28 February 2024
3
 
 		 Notes
 		 2023
£		   2022
£
Current assets      
Debtors 3 24,250    24,628 
Cash at bank and in hand 2,712    2,293 
26,962    26,921 
Creditors: amount falling due within one year 4 (39,119)   (25,590)
Net current liabilities (12,157)   1,331 
 
Total assets less current liabilities (12,157)   1,331 
Creditors: amount falling due after more than one year 5 (49,805)   (34,644)
Net liabilities (61,962)   (33,313)
 

Capital and reserves 		     
Profit and loss account (61,962)   (33,313)
Shareholder's funds (61,962)   (33,313)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 February 2024 and were signed by:


-------------------------------
Elizabeth Saibu
Director
4
  Retained Earnings   Total
£ £
At 01 April 2021 17,353  17,353 
Profit for the year (50,666) (50,666)
Total comprehensive income for the year (50,666) (50,666)
Total investments by and distributions to owners -  - 
At 31 March 2022 (33,313) (33,313)
At 01 April 2022 (33,313) (33,313)
Profit for the year (28,649) (28,649)
Total comprehensive income for the year (28,649) (28,649)
Total investments by and distributions to owners -  - 
At 31 March 2023 (61,962) (61,962)
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General Information
ANGEL HOUSE KIDS CLUB LIMITED is a private company, limited by shares, registered in , registration number 08493113, registration address 98 MCGRATH ROAD, LONDON E15 4SU, London, London, E15 4SU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
2.

Average number of employees


Average number of employees during the year was 12 (2022 : 10).
3.

Debtors: amounts falling due within one year

2023
£		   2022
£
Credit card control 0    378 
0    378 

3.

Debtors: amounts falling due after one year

2023
£		   2022
£
Other Debtors 24,250    24,250 
24,250    24,250 

4.

Creditors: amount falling due within one year

2023
£		   2022
£
PAYE & Social Security 963    11,194 
Other Creditors 38,156    14,396 
39,119    25,590 

5.

Creditors: amount falling due after more than one year

2023
£		   2022
£
Other Creditors 43,096    34,481 
Directors Current Account 0    163 
Credit cards control Acc 6,709    0 
49,805    34,644 

6