Relate AccountsProduction v2.7.2 v2.7.2 2022-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of high quality child daycare activities 31 August 2023 47 40 NI629055 2023-02-28 NI629055 2022-02-28 NI629055 2021-02-28 NI629055 2022-03-01 2023-02-28 NI629055 2021-03-01 2022-02-28 NI629055 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI629055 uk-curr:PoundSterling 2022-03-01 2023-02-28 NI629055 uk-bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 NI629055 uk-bus:FullAccounts 2022-03-01 2023-02-28 NI629055 uk-core:ShareCapital 2023-02-28 NI629055 uk-core:ShareCapital 2022-02-28 NI629055 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI629055 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 NI629055 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 NI629055 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-02-28 NI629055 uk-bus:FRS102 2022-03-01 2023-02-28 NI629055 uk-core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 NI629055 uk-core:MotorCars 2022-03-01 2023-02-28 NI629055 uk-core:CurrentFinancialInstruments 2023-02-28 NI629055 uk-core:CurrentFinancialInstruments 2022-02-28 NI629055 uk-core:WithinOneYear 2023-02-28 NI629055 uk-core:WithinOneYear 2022-02-28 NI629055 uk-core:WithinOneYear 2023-02-28 NI629055 uk-core:WithinOneYear 2022-02-28 NI629055 uk-core:WithinOneYear 2023-02-28 NI629055 uk-core:WithinOneYear 2022-02-28 NI629055 uk-core:AfterOneYear 2023-02-28 NI629055 uk-core:AfterOneYear 2022-02-28 NI629055 uk-core:AfterOneYear 2023-02-28 NI629055 uk-core:AfterOneYear 2022-02-28 NI629055 uk-core:BetweenOneTwoYears 2023-02-28 NI629055 uk-core:BetweenOneTwoYears 2022-02-28 NI629055 uk-core:BetweenTwoFiveYears 2023-02-28 NI629055 uk-core:BetweenTwoFiveYears 2022-02-28 NI629055 uk-core:BetweenOneFiveYears 2023-02-28 NI629055 uk-core:BetweenOneFiveYears 2022-02-28 NI629055 uk-core:OtherMiscellaneousReserve 2022-02-28 NI629055 uk-core:OtherMiscellaneousReserve 2022-03-01 2023-02-28 NI629055 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-02-28 NI629055 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-02-28 NI629055 uk-core:OtherDeferredTax 2023-02-28 NI629055 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-02-28 NI629055 uk-core:OtherMiscellaneousReserve 2023-02-28 NI629055 2022-03-01 2023-02-28 NI629055 uk-bus:Director1 2022-03-01 2023-02-28 NI629055 uk-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
Company Registration Number: NI629055
 
 
Kiddiwinkles Daycare Limited
 
Unaudited Financial Statements
 
for the financial year ended 28 February 2023



Kiddiwinkles Daycare Limited
Company Registration Number: NI629055
BALANCE SHEET
as at 28 February 2023

2023 2022
Notes £ £
 
Fixed Assets
 
Tangible assets 4 48,647 46,000
───────── ─────────
 
Current Assets
 
Debtors 5 117,349 154,462
 
Cash at bank and in hand 259,982 57,509
───────── ─────────
377,331 211,971
───────── ─────────
 
Creditors: amounts falling due within one year 6 (165,635) (95,878)
───────── ─────────
 
Net Current Assets 211,696 116,093
───────── ─────────
 
Total Assets less Current Liabilities 260,343 162,093
 
Creditors:
 
amounts falling due after more than one year 7 (36,376) (43,252)
 
 
Provisions for liabilities 8 (7,105) (4,997)
───────── ─────────
Net Assets 216,862 113,844
═════════ ═════════
 
 
Capital and Reserves
 
Called up share capital 100 100
 
Retained earnings 216,762 113,744
───────── ─────────
Shareholders' Funds 216,862 113,844
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 31 August 2023
           
           
Jill Hessin          
Director          
           



Kiddiwinkles Daycare Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2023

   
1. General Information
 
Kiddiwinkles Daycare Limited is a company limited by shares incorporated in Northern Ireland. Milltown Business Park, Castledawson, Co Londonderry, BT45 6RZ, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 28 February 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Turnover comprises the invoice value of services supplied by the company and sustainability funds, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 10% Straight line
  Motor vehicles - 20% Reducing balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing and hire purchases
Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 47, (2022 - 40).
 
  2023 2022
  Number Number
 
Total 47 40
  ═════════ ═════════
         
4. Tangible assets
  Fixtures, Motor Total
  fittings and vehicles  
  equipment    
  £ £ £
Cost
At 1 March 2022 31,317 42,220 73,537
Additions 9,645 1,900 11,545
  ───────── ───────── ─────────
At 28 February 2023 40,962 44,120 85,082
  ───────── ───────── ─────────
Depreciation
At 1 March 2022 7,432 20,105 27,537
Charge for the financial year 4,095 4,803 8,898
  ───────── ───────── ─────────
At 28 February 2023 11,527 24,908 36,435
  ───────── ───────── ─────────
Net book value
At 28 February 2023 29,435 19,212 48,647
  ═════════ ═════════ ═════════
At 28 February 2022 23,885 22,115 46,000
  ═════════ ═════════ ═════════
           
4.1. Tangible assets continued
 
Included above are assets held under finance leases or hire purchase contracts as follows:
 
  2023   2022  
  Net Depreciation Net Depreciation
  book value charge book value charge
  £ £ £ £
 
Motor vehicles 13,303 3,326 16,629 4,157
  ═════════ ═════════ ═════════ ═════════
       
5. Debtors 2023 2022
  £ £
 
Trade debtors 52,426 31,813
Other debtors 62,923 121,276
Prepayments and accrued income 2,000 1,373
  ───────── ─────────
  117,349 154,462
  ═════════ ═════════
       
6. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank overdrafts 709 1,126
Bank loan 6,211 6,211
Net obligations under finance leases
and hire purchase contracts 4,139 4,139
Trade creditors 5,140 7,288
Taxation 68,182 15,138
Director's current account 2,434 2,434
Other creditors 75,055 56,227
Accruals:
Pension accrual 1,488 1,038
Other accruals 2,277 2,277
  ───────── ─────────
  165,635 95,878
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 34,737 39,826
Finance leases and hire purchase contracts 1,639 3,426
  ───────── ─────────
  36,376 43,252
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 6) 6,920 7,337
Repayable between one and two years 7,337 7,337
Repayable between two and five years 27,400 32,489
  ───────── ─────────
  41,657 47,163
  ═════════ ═════════
 
 
Net obligations under finance leases
and hire purchase contracts
Repayable within one year 4,139 4,139
Repayable between one and five years 1,639 3,426
  ───────── ─────────
  5,778 7,565
  ═════════ ═════════
         
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Losses Total Total
       
       
    2023 2022
  £ £ £
 
At financial year start 4,997 4,997 2,656
Charged to profit and loss 2,108 2,108 2,341
  ───────── ───────── ─────────
At financial year end 7,105 7,105 4,997
  ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 28 February 2023.
   
10. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.