Registered number
05195339
Best Friends Childcare Centre Limited
Unaudited Filleted Accounts
For The Year Ended
31 August 2022
Best Friends Childcare Centre Limited
Registered number: 05195339
Balance Sheet
as at 31 August 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 11,003 12,921
Current assets
Debtors 4 24,319 71,655
Cash at bank and in hand 847 2,281
25,166 73,936
Creditors: amounts falling due within one year 5 (29,739) (10,961)
Net current (liabilities)/assets (4,573) 62,975
Total assets less current liabilities 6,430 75,896
Creditors: amounts falling due after more than one year 6 (36,476) (50,000)
Net (liabilities)/assets (30,046) 25,896
Capital and reserves
Called up share capital 300 300
Profit and loss account (30,346) 25,596
Shareholder's funds (30,046) 25,896
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Gittins
Director
Approved by the board on 17 November 2023
Best Friends Childcare Centre Limited
Notes to the Accounts
for the year ended 31 August 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents the fees charged for the provision of childcare services together with incidental other income for the year.
Going concern
The accounts have been prepared on the basis that it will be able to meet its financial obligation (see Post Balance Sheet Events).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% written down value
Land and Buildings 5% per annum of the original cost
Motor vehicles 25% written down value
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Post Balance Sheet Events
The company ceased trading after the balance sheet date.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2021 70,109 43,779 113,888
Additions - 3,358 3,358
At 31 August 2022 70,109 47,137 117,246
Depreciation
At 1 September 2021 57,839 43,128 100,967
Charge for the year 3,505 1,771 5,276
At 31 August 2022 61,344 44,899 106,243
Net book value
At 31 August 2022 8,765 2,238 11,003
At 31 August 2021 12,270 651 12,921
4 Debtors 2022 2021
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 24,319 71,655
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 10,200 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 1,259 -
Taxation and social security costs 8,973 4,760
Other creditors 9,307 6,201
29,739 10,961
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 36,476 50,000
7 Controlling party
The ultimate controlling party is Best Friends Ltd by virtue of their 100% ownership of the ordinary share capital.
8 Other information
Best Friends Childcare Centre Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 St Vincents Way
Potters Bar
Hertfordshire
EN6 2RF
Best Friends Childcare Centre Limited 05195339 false 2021-09-01 2022-08-31 2022-08-31 VT Final Accounts October 2023 G Gittins No description of principal activity 05195339 2020-09-01 2021-08-31 05195339 core:WithinOneYear 2021-08-31 05195339 core:AfterOneYear 2021-08-31 05195339 core:ShareCapital 2021-08-31 05195339 core:RetainedEarningsAccumulatedLosses 2021-08-31 05195339 2021-09-01 2022-08-31 05195339 bus:PrivateLimitedCompanyLtd 2021-09-01 2022-08-31 05195339 bus:AuditExemptWithAccountantsReport 2021-09-01 2022-08-31 05195339 bus:Director40 2021-09-01 2022-08-31 05195339 1 2021-09-01 2022-08-31 05195339 2 2021-09-01 2022-08-31 05195339 core:LandBuildings 2021-09-01 2022-08-31 05195339 core:PlantMachinery 2021-09-01 2022-08-31 05195339 countries:England 2021-09-01 2022-08-31 05195339 bus:FRS102 2021-09-01 2022-08-31 05195339 bus:FullAccounts 2021-09-01 2022-08-31 05195339 2022-08-31 05195339 core:WithinOneYear 2022-08-31 05195339 core:AfterOneYear 2022-08-31 05195339 core:ShareCapital 2022-08-31 05195339 core:RetainedEarningsAccumulatedLosses 2022-08-31 05195339 core:LandBuildings 2022-08-31 05195339 core:PlantMachinery 2022-08-31 05195339 2021-08-31 05195339 core:LandBuildings 2021-08-31 05195339 core:PlantMachinery 2021-08-31 iso4217:GBP xbrli:pure