Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3125202022-06-01falsetruetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11306238 2022-06-01 2023-05-31 11306238 2021-06-01 2022-05-31 11306238 2023-05-31 11306238 2022-05-31 11306238 c:Director2 2022-06-01 2023-05-31 11306238 d:MotorVehicles 2022-06-01 2023-05-31 11306238 d:MotorVehicles 2023-05-31 11306238 d:MotorVehicles 2022-05-31 11306238 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 11306238 d:FurnitureFittings 2022-06-01 2023-05-31 11306238 d:FurnitureFittings 2023-05-31 11306238 d:FurnitureFittings 2022-05-31 11306238 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 11306238 d:OfficeEquipment 2022-06-01 2023-05-31 11306238 d:OfficeEquipment 2023-05-31 11306238 d:OfficeEquipment 2022-05-31 11306238 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 11306238 d:OwnedOrFreeholdAssets 2022-06-01 2023-05-31 11306238 d:CurrentFinancialInstruments 2023-05-31 11306238 d:CurrentFinancialInstruments 2022-05-31 11306238 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 11306238 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 11306238 d:ShareCapital 2023-05-31 11306238 d:ShareCapital 2022-05-31 11306238 d:RetainedEarningsAccumulatedLosses 2023-05-31 11306238 d:RetainedEarningsAccumulatedLosses 2022-05-31 11306238 c:FRS102 2022-06-01 2023-05-31 11306238 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 11306238 c:FullAccounts 2022-06-01 2023-05-31 11306238 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Registered number: 11306238










SPOTTY ZEBRA DAY NURSERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

 
SPOTTY ZEBRA DAY NURSERY LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
SPOTTY ZEBRA DAY NURSERY LIMITED
REGISTERED NUMBER: 11306238

BALANCE SHEET
AS AT 31 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,940
24,994

Current assets
  

Debtors: amounts falling due within one year
 5 
321,133
138,603

Cash at bank and in hand
  
66,267
188,286

  
387,400
326,889

Creditors: amounts falling due within one year
 6 
(32,374)
(37,378)

Net current assets
  
 
 
355,026
 
 
289,511

Total assets less current liabilities
  
396,966
314,505

Provisions for liabilities
  

Deferred tax
  
(10,485)
(4,749)

Net assets
  
386,481
309,756


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
386,381
309,656

  
386,481
309,756

Page 1

 
SPOTTY ZEBRA DAY NURSERY LIMITED
REGISTERED NUMBER: 11306238
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 February 2024.




K A Williams
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SPOTTY ZEBRA DAY NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Spotty Zebra Day Nursery Limited is a private company limited by shares, incorporated and domiciled in England. The address of the registered office is Rutland House, 148 Edmund Street, Birmingham, West Midlands, B3 2FD. The address of the principal place of business is Long Lane, Halesowen, West Midlands, B62 9JZ.
The principal activity of the company in the period under review was that of providing the service of daycare facilities to children between 3 months and 5 years of age.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have considered the position of the business and it's future trading cash flows and consider that sufficient resources are in place to ensure it can continue as a going concern for the foreseeable future.
Accordingly, the financial statements have been prepared on a going concern basis.

 
2.3

Revenue

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:
Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided when the amount of turnover can be measured reliably and it is probable that the company will receive the consideration due.
Turnover represents fees receivable arising from the provision of child care services provided in the year.

 
2.4

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
SPOTTY ZEBRA DAY NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
SPOTTY ZEBRA DAY NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% straight line
Office equipment
-
33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 25 (2022 - 20).

Page 5

 
SPOTTY ZEBRA DAY NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost


At 1 June 2022
40,788
3,975
828
45,591


Additions
-
22,650
3,372
26,022



At 31 May 2023

40,788
26,625
4,200
71,613



Depreciation


At 1 June 2022
17,845
1,975
776
20,596


Charge for the year on owned assets
5,736
2,555
786
9,077



At 31 May 2023

23,581
4,530
1,562
29,673



Net book value



At 31 May 2023
17,207
22,095
2,638
41,940



At 31 May 2022
22,943
1,999
52
24,994

Page 6

 
SPOTTY ZEBRA DAY NURSERY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

5.


Debtors

2023
2022
£
£


Other debtors
319,511
137,137

Prepayments and accrued income
1,622
1,466

321,133
138,603



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,509
-

Corporation tax
17,760
28,873

Other taxation and social security
1,020
-

Obligations under hire purchase contracts - secured on related assets
-
3,533

Other creditors
2,665
1,476

Accruals and deferred income
8,420
3,496

32,374
37,378



7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £5,253 (2022: £3,860). Contributions totalling £2,665 (2022: £1,444) were payable to the fund at the balance sheet date and are included in creditors.


8.


Directors' benefits: advances, credits and guarantees

At the balance sheet date £Nil was owed by a director (2022: £18,500). Payments of £Nil (2022: £18,500) were made, with repayments of £18,500 (2022: £103,997) made in the year, and the maximum amount outstanding during the year was £18,500 (2022: £103,997). The loan was unsecured and interest-free.


9.


Related party transactions

Included within other debtors is a loan of £319,511 to a related undertaking, a company in which the directors are shareholders (2022: £117,507). The loan is unsecured, interest free and repayable on demand. Rent of £51,000 was paid to the same related undertaking in the year (2022: £36,000).

 
Page 7