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REGISTERED NUMBER: 09839234















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Bright Eyes Childcare Limited

Bright Eyes Childcare Limited (Registered number: 09839234)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bright Eyes Childcare Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs M Larson





REGISTERED OFFICE: 43 North Street
ST AUSTELL
Cornwall
PL25 5QE





REGISTERED NUMBER: 09839234






Bright Eyes Childcare Limited (Registered number: 09839234)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,202 38,411

CURRENT ASSETS
Stocks 500 500
Debtors 5 154,498 11,912
Cash at bank and in hand 165,618 288,017
320,616 300,429
CREDITORS
Amounts falling due within one year 6 138,578 202,865
NET CURRENT ASSETS 182,038 97,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,240

135,975

CREDITORS
Amounts falling due after more than
one year

7

(26,613

)

(36,593

)

PROVISIONS FOR LIABILITIES (3,325 ) (2,057 )
NET ASSETS 186,302 97,325

Bright Eyes Childcare Limited (Registered number: 09839234)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,202 97,225
186,302 97,325

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2023 and were signed by:





Mrs M Larson - Director


Bright Eyes Childcare Limited (Registered number: 09839234)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Bright Eyes Childcare Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Going concern
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.

The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period

The Directors consider the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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 Profit and loss account, 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 balance sheet date.


Bright Eyes Childcare Limited (Registered number: 09839234)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2022 - 42 ) .

Bright Eyes Childcare Limited (Registered number: 09839234)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 42,991 41,422 84,413
Additions - 8,173 8,173
At 31 October 2023 42,991 49,595 92,586
DEPRECIATION
At 1 November 2022 19,346 26,656 46,002
Charge for year 6,449 5,933 12,382
At 31 October 2023 25,795 32,589 58,384
NET BOOK VALUE
At 31 October 2023 17,196 17,006 34,202
At 31 October 2022 23,645 14,766 38,411

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,144 6,347
Other debtors 144,354 5,565
154,498 11,912

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 49,036 33,964
Other creditors 89,542 168,901
138,578 202,865

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Other creditors 26,613 36,593

Bright Eyes Childcare Limited (Registered number: 09839234)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

8. RELATED PARTY DISCLOSURES

At the year end Mrs M Larson, a director, was owed £40 by the company (2022: £40)).

In addition, the company was also owed £134,320 by Sustainable Furniture Limited which is a company owned and controlled by Mrs M Larson, a director (in 2022, the company owed Sustainable Furniture Limited £90,059).