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REGISTERED NUMBER: NI627268 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

JELLYBEAN CHILDCARE LTD

JELLYBEAN CHILDCARE LTD (REGISTERED NUMBER: NI627268)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


JELLYBEAN CHILDCARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2021







DIRECTORS: P Donnelly
Mrs N Donnelly





REGISTERED OFFICE: 22 Kilmore Road
Lurgan
Craigavon
Co. Armagh
BT67 9BP





REGISTERED NUMBER: NI627268 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
BT1 3BG

JELLYBEAN CHILDCARE LTD (REGISTERED NUMBER: NI627268)

BALANCE SHEET
31 OCTOBER 2021

31.10.21 31.10.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,000 36,000
Tangible assets 5 6,070 8,044
33,070 44,044

CURRENT ASSETS
Debtors 6 318 -
Cash at bank 69,076 52,494
69,394 52,494
CREDITORS
Amounts falling due within one year 7 42,105 90,337
NET CURRENT ASSETS/(LIABILITIES) 27,289 (37,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,359

6,201

CREDITORS
Amounts falling due after more than one
year

8

(44,608

)

-

PROVISIONS FOR LIABILITIES (735 ) (620 )
NET ASSETS 15,016 5,581

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 14,916 5,481
15,016 5,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

JELLYBEAN CHILDCARE LTD (REGISTERED NUMBER: NI627268)

BALANCE SHEET - continued
31 OCTOBER 2021


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





Mrs N Donnelly - Director


JELLYBEAN CHILDCARE LTD (REGISTERED NUMBER: NI627268)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021


1. STATUTORY INFORMATION

Jellybean Childcare Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
In preparing these financial statements the director has made the following judgements:

Determine whether there are indicators of impairment of the company's intangible and tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the assets and the business in general.

Consider the valuation of stock and the requirement for write down provisions. These considerations are undertaken regularly by the director, and especially at the year end date. Factors taken into account include historical experience and knowledge of the sector. Stock identified as impaired will be written down in value in the relevant period.

The director also considers the depreciation and amortisation rates on an annual basis to ensure there is sufficient evidence to support these and that the estimates remains reasonable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Government grants
Grants towards revenue expenditure are credited to the income and expenditure account in the period to which they relate.
Grants on capital expenditure are credited to a deferred income account and are released to revenue over the expected useful lives of the relevant assets.

JELLYBEAN CHILDCARE LTD (REGISTERED NUMBER: NI627268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


2. ACCOUNTING POLICIES - continued

Financial instruments
All financial instruments of the company are considered to meet the definition of basic financial instruments.

- Short term debtors and creditors
Debtors and creditors with no stated interest rate and are receivable or payable on demand are recognised at transaction price, and subject to annual impairment reviews. Any losses arising on impairment are recognised in the profit and loss account.

- Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand.

- Loans and borrowings
All loans and borrowings are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one period or on demand are not amortised. Loans and borrowings are classified as current liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least 12 months after the financial period end date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2020 - NIL ) .

JELLYBEAN CHILDCARE LTD (REGISTERED NUMBER: NI627268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2020
and 31 October 2021 90,000
AMORTISATION
At 1 November 2020 54,000
Charge for year 9,000
At 31 October 2021 63,000
NET BOOK VALUE
At 31 October 2021 27,000
At 31 October 2020 36,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2020
and 31 October 2021 17,149
DEPRECIATION
At 1 November 2020 9,105
Charge for year 1,974
At 31 October 2021 11,079
NET BOOK VALUE
At 31 October 2021 6,070
At 31 October 2020 8,044

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Other debtors 318 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.21 31.10.20
£    £   
Bank loans and overdrafts 5,392 50,000
Taxation and social security 24,383 17,885
Other creditors 12,330 22,452
42,105 90,337

JELLYBEAN CHILDCARE LTD (REGISTERED NUMBER: NI627268)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2021


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.21 31.10.20
£    £   
Bank loans 44,608 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 21,079 -

9. CONTINGENT LIABILITIES

A contingent liability may exist in respect of a repayment of grant income to HM Revenue and Customs should the conditions under which a grant was awarded to the company not be met. Due to the nature of these contingencies, it is not currently possible to estimate the likelihood of this occurring, nor quantify the financial effect or provide an indication of timing as to the potential liability that may arise.