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REGISTERED NUMBER: 06013493 (England and Wales)



FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

CLEVER TOTS LIMITED

CLEVER TOTS LIMITED (REGISTERED NUMBER: 06013493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CLEVER TOTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: R G Forrest
S N Forrest
D M Smith



SECRETARY: S N Forrest



REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT



REGISTERED NUMBER: 06013493 (England and Wales)



AUDITORS: Xeinadin Audit Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH



BUSINESS ADDRESS: Old Holly Trees Infant School
Crescent Road
Warley
Brentwood
Essex
CM14 5JR

CLEVER TOTS LIMITED (REGISTERED NUMBER: 06013493)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,407 -

CURRENT ASSETS
Debtors 6 170,239 100
Cash at bank 253,029 431,505
423,268 431,605
CREDITORS
Amounts falling due within one year 7 352,147 272,207
NET CURRENT ASSETS 71,121 159,398
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,528

159,398

CREDITORS
Amounts falling due after more than one
year

8

40,012

60,000
NET ASSETS 46,516 99,398

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 46,416 99,298
SHAREHOLDERS' FUNDS 46,516 99,398

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





S N Forrest - Director


CLEVER TOTS LIMITED (REGISTERED NUMBER: 06013493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Clever Tots Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Amounts are rounded to the nearest Pound Sterling (£).

The financial statements contain information about Clever Tots Limited as an individual Company. Clever Tots Limited is a subsidiary of R&S Forrest Holdings Limited, a Company registered in England and Wales.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
Uncertainties exist in relation to the interpretation of complex tax legislation and changes in tax laws. At the balance sheet date, tax liabilities and assets are based on management's judgements around the application of the tax regulations. A provision is made for the best estimate of any additional liability only when it is assessed to be probable that an economic outflow will arise.

Turnover
Turnover represents fees received from customers for nursery care and is recognised at the point the company performs the service.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Financial instruments
The company only enters into basic financial instruments 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, loans to related parties and investments in non puttable ordinary shares.


CLEVER TOTS LIMITED (REGISTERED NUMBER: 06013493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax expected to be payable or receivable on the taxable profit or loss for the current year using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Where appropriate this amount is then amended for any adjustments in respect of prior periods.

Current or deferred taxation assets and liabilities are not discounted.

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.

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 the income statement in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 57 (2022 - 56 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 18,532
At 30 June 2023 18,532
DEPRECIATION
Charge for year 3,125
At 30 June 2023 3,125
NET BOOK VALUE
At 30 June 2023 15,407

CLEVER TOTS LIMITED (REGISTERED NUMBER: 06013493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 63,970 -
Amounts owed by group undertakings 102,691 -
Other debtors 100 100
Prepayments and accrued income 3,478 -
170,239 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,000 20,000
Trade creditors 10,506 -
Tax 103,817 95,093
Social security and other taxes 13,437 14,331
Other creditors 193,992 141,654
Accruals 10,395 1,129
352,147 272,207

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years 20,012 40,000
40,012 60,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 60,012 80,000
Bank Loans - 80,000
60,012 160,000

The bank debts are secured by way of an unlimited debenture dated 31 March 2020 incorporating a fixed and floating charge over all assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

CLEVER TOTS LIMITED (REGISTERED NUMBER: 06013493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Simon Medcalf ACA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

12. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separate from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund. Contributions payable to the fund at the year end by the company and included in other creditors are £2,792 (2022: £2,004).

2023 2022
£ £

Contributions payable by the company for the year13,13114,234

13. CONTINGENT LIABILITIES

The company is party to a cross guarantee and debenture in respect of bank borrowings of the group. At the balance sheet date the bank borrowings of the group amounted to £5,162,873.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs S Forrest.

R&S Forrest Holdings Limited is regarded by the directors as being the company's ultimate parent company.

The largest and smallest group in which the results of this company are consolidated is R&S Forrest Holdings Limited. These financial statements are publicly available and can be obtained from the registered office of Clever Tots Limited as the companies share the same registered office address.