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REGISTERED NUMBER: 05501757 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Kool Kids Daycare Limited

Kool Kids Daycare Limited (Registered number: 05501757)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Accountants' Report 5

Kool Kids Daycare Limited

Company Information
for the year ended 31 July 2023







DIRECTORS: Mrs J Waldock
H N Waldock





SECRETARY: Mrs J Waldock





REGISTERED OFFICE: Canal Lane
Lofthouse Gate
Wakefield
West Yorkshire
WF3 3HU





REGISTERED NUMBER: 05501757 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

Kool Kids Daycare Limited (Registered number: 05501757)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 24,710

CURRENT ASSETS
Debtors 5 73,029 52,524
Cash at bank 986 21,210
74,015 73,734
CREDITORS
Amounts falling due within one year 6 2,007 10,907
NET CURRENT ASSETS 72,008 62,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,008

87,537

PROVISIONS FOR LIABILITIES - 1,557
NET ASSETS 72,008 85,980

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,908 85,880
SHAREHOLDERS' FUNDS 72,008 85,980

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

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

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





Mrs J Waldock - Director


Kool Kids Daycare Limited (Registered number: 05501757)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Kool Kids Daycare 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover represents amounts received or receivable in respect of childcare services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 5% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 profit or loss in the period to which they relate.

Government grants
Government grants of a revenue nature which do not have performance conditions attached are recognised as income in full in the period in which entitlement has been satisfied.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 10 ) .

Kool Kids Daycare Limited (Registered number: 05501757)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 August 2022 16,000 41,198 2,148 7,978 67,324
Disposals (16,000 ) (41,198 ) (2,148 ) (7,978 ) (67,324 )
At 31 July 2023 - - - - -
DEPRECIATION
At 1 August 2022 4,000 30,090 1,996 6,528 42,614
Eliminated on disposal (4,000 ) (30,090 ) (1,996 ) (6,528 ) (42,614 )
At 31 July 2023 - - - - -
NET BOOK VALUE
At 31 July 2023 - - - - -
At 31 July 2022 12,000 11,108 152 1,450 24,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 73,029 52,524

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors - 94
Taxation and social security 277 7,784
Other creditors 1,730 3,029
2,007 10,907

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £28,029 (2022 - £49,994) from the directors.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kool Kids Daycare Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kool Kids Daycare Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kool Kids Daycare Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kool Kids Daycare Limited and state those matters that we have agreed to state to the Board of Directors of Kool Kids Daycare Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kool Kids Daycare Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kool Kids Daycare Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kool Kids Daycare Limited. You consider that Kool Kids Daycare Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kool Kids Daycare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


9 April 2024