1 April 2022 false No description of principal activity Taxfiler 2023.11 true 07816452business:PrivateLimitedCompanyLtd2022-04-012023-03-31 078164522022-03-31 078164522022-04-012023-03-31 07816452business:AuditExemptWithAccountantsReport2022-04-012023-03-31 07816452business:FilletedAccounts2022-04-012023-03-31 078164522023-03-31 078164522022-03-31 07816452core:WithinOneYear2023-03-31 07816452core:WithinOneYear2022-03-31 07816452core:AfterOneYear2023-03-31 07816452core:AfterOneYear2022-03-31 07816452core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 07816452core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 07816452core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 07816452core:RevaluationReservecore:PreviouslyStatedAmount2022-03-31 07816452core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 07816452core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 07816452core:PreviouslyStatedAmount2023-03-31 07816452core:PreviouslyStatedAmount2022-03-31 07816452business:SmallEntities2022-04-012023-03-31 07816452business:Director22022-04-012023-03-31 07816452countries:EnglandWales2022-04-012023-03-31 07816452business:RegisteredOffice2022-04-012023-03-31 07816452core:LandBuildings2022-04-012023-03-31 07816452core:PlantMachinery2022-04-012023-03-31 07816452core:MotorVehicles2022-04-012023-03-31 07816452core:FurnitureFittings2022-04-012023-03-31 07816452core:LandBuildings2022-03-31 07816452core:PlantMachinery2022-03-31 07816452core:MotorVehicles2022-03-31 07816452core:FurnitureFittings2022-03-31 07816452core:LandBuildings2023-03-31 07816452core:PlantMachinery2023-03-31 07816452core:MotorVehicles2023-03-31 07816452core:FurnitureFittings2023-03-31 07816452business:Director112022-04-012023-03-31 07816452business:Director112022-03-31 07816452business:Director112023-03-31 078164522021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07816452 (England and Wales)
Willows Childcare Limited Unaudited accounts for the year ended 31 March 2023
Willows Childcare Limited Unaudited accounts Contents
Page
- 2 -
Willows Childcare Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
337,930 
351,489 
Current assets
Debtors
39,374 
29,309 
Cash at bank and in hand
9,449 
26,198 
48,823 
55,507 
Creditors: amounts falling due within one year
(52,168)
(64,623)
Net current liabilities
(3,345)
(9,116)
Total assets less current liabilities
334,585 
342,373 
Creditors: amounts falling due after more than one year
(31,801)
(44,886)
Provisions for liabilities
Deferred tax
(2,739)
(2,355)
Net assets
300,045 
295,132 
Capital and reserves
Called up share capital
300 
300 
Revaluation reserve
165,504 
172,400 
Profit and loss account
134,241 
122,432 
Shareholders' funds
300,045 
295,132 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2023 and were signed on its behalf by
John Sandford Harman Director Company Registration No. 07816452
- 3 -
Willows Childcare Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Willows Childcare Limited is a private company, limited by shares, registered in England and Wales, registration number 07816452. The registered office is Office 5B Block 2 Barrowby Barns, Northgate, West Pinchbeck, Spalding, Lincolnshire, PE11 3TB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and other sales taxes. The company recognises revenue when: - the amount of revenue can be reliably measured; - it is probable that future economic benefits will flow to the entity; - and specific criteria have been met for each of the company's activities
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
straight line over 25 years
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 4 -
Willows Childcare Limited Notes to the Accounts for the year ended 31 March 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost.
Going concern
The financial statements have been prepared on the going concern basis.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2022
357,400 
17,272 
14,196 
24,851 
413,719 
Additions
- 
1,093 
- 
2,839 
3,932 
At 31 March 2023
357,400 
18,365 
14,196 
27,690 
417,651 
Depreciation
At 1 April 2022
21,696 
11,944 
11,803 
16,787 
62,230 
Charge for the year
14,294 
963 
598 
1,636 
17,491 
At 31 March 2023
35,990 
12,907 
12,401 
18,423 
79,721 
Net book value
At 31 March 2023
321,410 
5,458 
1,795 
9,267 
337,930 
At 31 March 2022
335,704 
5,328 
2,393 
8,064 
351,489 
The land and buildings were revalued on 17 August 2021 by Pygott & Crone Estate Agents on a commercial property basis. The land and buildings were valued at £350,000.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
8,655 
- 
Amounts falling due after more than one year
Trade debtors
30,568 
29,167 
Accrued income and prepayments
151 
142 
30,719 
29,309 
- 5 -
Willows Childcare Limited Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,085 
12,750 
Taxes and social security
17,210 
11,520 
Other creditors
2,433 
1,757 
Loans from directors
- 
24,581 
Accruals
1,950 
1,950 
Deferred income
17,490 
12,065 
52,168 
64,623 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
31,801 
44,886 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Directors Loan Account
11,471 
28,166 
48,594 
(8,957)
11,471 
28,166 
48,594 
(8,957)
The Directors Loan Account was repaid in full during April 2023.
9
Average number of employees
During the year the average number of employees was 18 (2022: 16).
- 6 -