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REGISTERED NUMBER: 04629474 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AFFORDABLE BABY CARE LIMITED

AFFORDABLE BABY CARE LIMITED (REGISTERED NUMBER: 04629474)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AFFORDABLE BABY CARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs L K Curson
A T Curson





REGISTERED OFFICE: Unit 12 Gateway Court
Parkgate
Rotherham
South Yorkshire
S62 6LH





REGISTERED NUMBER: 04629474 (England and Wales)





ACCOUNTANTS: Michael A Jarvis & Co Ltd
Edenthorpe
Grove Road
Rotherham
South Yorkshire
S60 2ER

AFFORDABLE BABY CARE LIMITED (REGISTERED NUMBER: 04629474)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 429,979 385,715
429,979 385,715

CURRENT ASSETS
Stocks 310,000 269,000
Debtors 6 236,310 130,207
Cash at bank and in hand 158,956 108,651
705,266 507,858
CREDITORS
Amounts falling due within one year 7 506,168 271,954
NET CURRENT ASSETS 199,098 235,904
TOTAL ASSETS LESS CURRENT LIABILITIES 629,077 621,619

CREDITORS
Amounts falling due after more than one year 8 (16,724 ) (20,854 )

PROVISIONS FOR LIABILITIES (7,531 ) (3,066 )
NET ASSETS 604,822 597,699

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 604,722 597,599
604,822 597,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 19 October 2023 and were signed on its behalf by:





Mrs L K Curson - Director


AFFORDABLE BABY CARE LIMITED (REGISTERED NUMBER: 04629474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Affordable Baby Care Limited is a private company, limited by shares , registered in England and Wales. 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.

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 2004, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

AFFORDABLE BABY CARE LIMITED (REGISTERED NUMBER: 04629474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 35,000
AMORTISATION
At 1 April 2022
and 31 March 2023 35,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 346,965 72,612 419,577
Additions 28,305 36,708 65,013
At 31 March 2023 375,270 109,320 484,590
DEPRECIATION
At 1 April 2022 - 33,862 33,862
Charge for year - 20,749 20,749
At 31 March 2023 - 54,611 54,611
NET BOOK VALUE
At 31 March 2023 375,270 54,709 429,979
At 31 March 2022 346,965 38,750 385,715

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 30,148
DEPRECIATION
At 1 April 2022 7,537
Charge for year 7,537
At 31 March 2023 15,074
NET BOOK VALUE
At 31 March 2023 15,074
At 31 March 2022 22,611

AFFORDABLE BABY CARE LIMITED (REGISTERED NUMBER: 04629474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 226,058 125,384
Other debtors 10,252 4,823
236,310 130,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 246,324 75,121
Taxation and social security 32,072 51,799
Other creditors 227,772 145,034
506,168 271,954

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 16,724 20,854

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Other loans 4,131 4,131

Amounts falling due between two and five years:
Other loans - 2-5 years 16,724 20,854

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 20,855 24,985

Obligations under finance leases and hire purchase contracts are secured upon the assets to which they relate.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs L K Curson and A T Curson
Balance outstanding at start of year (138,663 ) (108,350 )
Amounts advanced (82,505 ) (30,313 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (221,168 ) (138,663 )

AFFORDABLE BABY CARE LIMITED (REGISTERED NUMBER: 04629474)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

12. ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs L K Curson by virtue of her interests in the share capital of the company.