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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
Directors Beverley Coltman
Steven Coltman
Company number 6470668
Registered office 22 - 24 Lonsdale Road
Thurmaston
Leicestershire
LE4 8JF
Accountants Coulter & Co
Pera Business Park
M03 Tower Building
Nottingham Road
Melton Mowbray
LE13 0PB
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:
Beverley Coltman
Steven Coltman
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
2023 2022
Note £ £ £ £
Fixed assets
Intangible assets 5 38,155 42,983
Tangible assets 6 484,826 514,888
_______ _______
522,981 557,871
Current assets
Debtors 7 28,552 17,314
Cash at bank and in hand 263,307 182,823
_______ _______
291,859 200,137
Creditors: amounts falling due
within one year 8 ( 362,254) ( 281,679)
_______ _______
Net current liabilities ( 70,395) ( 81,542)
_______ _______
Total assets less current liabilities 452,586 476,329
Creditors: amounts falling due
after more than one year 9 ( 283,003) ( 376,337)
_______ _______
Net assets 169,583 99,992
_______ _______
Capital and reserves
Called up share capital 101 101
Profit and loss account 169,482 99,891
_______ _______
Shareholders funds 169,583 99,992
_______ _______
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:
- 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;
- 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:
Short leasehold property - 10 % straight line
Fittings fixtures and equipment - 20 % reducing balance
Motor vehicles - 20 % reducing balance
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
Goodwill Total
£ £
Cost
At 1 February 2022 and 31 January 2023 96,561 96,561
_______ _______
Amortisation
At 1 February 2022 53,578 53,578
Charge for the year 4,828 4,828
_______ _______
At 31 January 2023 58,406 58,406
_______ _______
Carrying amount
At 31 January 2023 38,155 38,155
_______ _______
At 31 January 2022 42,983 42,983
_______ _______
6. Tangible assets
Short leasehold property Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 511,050 445,691 13,483 970,224
Additions 52,200 11,429 - 63,629
_______ _______ _______ _______
At 31 January 2023 563,250 457,120 13,483 1,033,853
_______ _______ _______ _______
Depreciation
At 1 February 2022 212,068 236,676 6,591 455,335
Charge for the year 48,225 44,089 1,378 93,692
_______ _______ _______ _______
At 31 January 2023 260,293 280,765 7,969 549,027
_______ _______ _______ _______
Carrying amount
At 31 January 2023 302,957 176,355 5,514 484,826
_______ _______ _______ _______
At 31 January 2022 298,982 209,015 6,892 514,889
_______ _______ _______ _______
7. Debtors
2023 2022
£ £
Other debtors 28,552 17,314
_______ _______
8. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 12,025 4,624
Corporation tax 63,295 25,225
Social security and other taxes 20,344 38,278
Other creditors 266,590 213,552
_______ _______
362,254 281,679
_______ _______
9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans and overdrafts 283,003 376,337
_______ _______