Company registration number:
6470668
Beaver Childcare Limited
Unaudited filleted financial statements
31 January 2023
Coulter & Co.
Chartered Certified Accountants
Beaver Childcare Limited
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Notes to the financial statements
Beaver Childcare Limited
Directors and other information
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Directors |
Beverley Coltman |
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Steven Coltman |
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Company number |
6470668 |
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Registered office |
22 - 24 Lonsdale Road |
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Thurmaston |
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Leicestershire |
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LE4 8JF |
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Accountants |
Coulter & Co |
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Pera Business Park |
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M03 Tower Building |
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Nottingham Road |
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Melton Mowbray |
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LE13 0PB |
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Beaver Childcare Limited
Directors report
Year ended 31 January 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 January 2023.
Directors
The directors who served the company during the year were as follows:
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Beverley Coltman |
Steven Coltman |
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Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
23 October 2023
and signed on behalf of the board by:
Beverley Coltman
Director
Beaver Childcare Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Beaver Childcare Limited
Year ended 31 January 2023
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 January 2023, as set out on pages 4 to 8.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Coulter & Co
Chartered Certified Accountants
Pera Business Park
M03 Tower Building
Nottingham Road
Melton Mowbray
LE13 0PB
23 October 2023
Beaver Childcare Limited
Statement of financial position
31 January 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Intangible assets |
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5 |
38,155 |
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42,983 |
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Tangible assets |
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6 |
484,826 |
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514,888 |
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_______ |
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_______ |
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522,981 |
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557,871 |
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Current assets |
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Debtors |
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7 |
28,552 |
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17,314 |
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Cash at bank and in hand |
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263,307 |
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182,823 |
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_______ |
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_______ |
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291,859 |
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200,137 |
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Creditors: amounts falling due |
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within one year |
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8 |
(
362,254) |
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(
281,679) |
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_______ |
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_______ |
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Net current liabilities |
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(
70,395) |
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(
81,542) |
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_______ |
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_______ |
Total assets less current liabilities |
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452,586 |
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476,329 |
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Creditors: amounts falling due |
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after more than one year |
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9 |
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(
283,003) |
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(
376,337) |
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_______ |
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Net assets |
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169,583 |
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99,992 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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101 |
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101 |
Profit and loss account |
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169,482 |
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99,891 |
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_______ |
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_______ |
Shareholders funds |
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169,583 |
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99,992 |
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_______ |
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_______ |
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For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
23 October 2023
, and are signed on behalf of the board by:
Beverley Coltman
Director
Company registration number:
6470668
Beaver Childcare Limited
Notes to the financial statements
Year ended 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Charnwood Nurseries & Pre-School, 22 - 24 Lonsdale Road, Thurmaston, Leicestershire, LE4 8JF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
5
%
Straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Short leasehold property |
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10 % |
straight line |
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Fittings fixtures and equipment |
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20 % |
reducing balance |
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Motor vehicles |
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20 % |
reducing balance |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
87
(2022:
85
).
5.
Intangible assets
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Goodwill |
Total |
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£ |
£ |
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Cost |
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At 1 February 2022 and 31 January 2023 |
96,561 |
96,561 |
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_______ |
_______ |
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Amortisation |
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At 1 February 2022 |
53,578 |
53,578 |
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Charge for the year |
4,828 |
4,828 |
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_______ |
_______ |
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At 31 January 2023 |
58,406 |
58,406 |
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_______ |
_______ |
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Carrying amount |
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At 31 January 2023 |
38,155 |
38,155 |
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_______ |
_______ |
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At 31 January 2022 |
42,983 |
42,983 |
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_______ |
_______ |
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6.
Tangible assets
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Short leasehold property |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 February 2022 |
511,050 |
445,691 |
13,483 |
970,224 |
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Additions |
52,200 |
11,429 |
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63,629 |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2023 |
563,250 |
457,120 |
13,483 |
1,033,853 |
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_______ |
_______ |
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_______ |
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Depreciation |
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At 1 February 2022 |
212,068 |
236,676 |
6,591 |
455,335 |
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Charge for the year |
48,225 |
44,089 |
1,378 |
93,692 |
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_______ |
_______ |
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_______ |
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At 31 January 2023 |
260,293 |
280,765 |
7,969 |
549,027 |
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_______ |
_______ |
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_______ |
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Carrying amount |
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At 31 January 2023 |
302,957 |
176,355 |
5,514 |
484,826 |
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_______ |
_______ |
_______ |
_______ |
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At 31 January 2022 |
298,982 |
209,015 |
6,892 |
514,889
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_______ |
_______ |
_______ |
_______ |
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7.
Debtors
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2023 |
2022 |
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£ |
£ |
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Other debtors |
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28,552 |
17,314 |
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_______ |
_______ |
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8.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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12,025 |
4,624 |
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Corporation tax |
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63,295 |
25,225 |
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Social security and other taxes |
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20,344 |
38,278 |
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Other creditors |
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266,590 |
213,552 |
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_______ |
_______ |
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362,254 |
281,679 |
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_______ |
_______ |
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9.
Creditors: amounts falling due after more than one year
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2023 |
2022 |
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£ |
£ |
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Bank loans and overdrafts |
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283,003 |
376,337 |
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_______ |
_______ |
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