Company Registration No. 08200749 (England and Wales)
Each Peach Childcare Ltd
Unaudited accounts
for the year ended 31 December 2023
Each Peach Childcare Ltd
Unaudited accounts
Contents
Each Peach Childcare Ltd
Company Information
for the year ended 31 December 2023
Company Number
08200749 (England and Wales)
Registered Office
42 WILBURY VILLAS
HOVE
EAST SUSSEX
BN3 6GD
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
Each Peach Childcare Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
4,843
8,393
Cash at bank and in hand
122,983
201,152
Creditors: amounts falling due within one year
(160,351)
(126,091)
Net current assets
115,310
202,436
Total assets less current liabilities
120,153
210,829
Creditors: amounts falling due after more than one year
(67,085)
(110,984)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
52,104
98,286
Shareholders' funds
52,204
98,386
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 10 July 2024 and were signed on its behalf by
Mrs K L Peach
Director
Company Registration No. 08200749
Each Peach Childcare Ltd
Notes to the Accounts
for the year ended 31 December 2023
Each Peach Childcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 08200749. The registered office is 42 WILBURY VILLAS, HOVE, EAST SUSSEX, BN3 6GD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
10% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
Each Peach Childcare Ltd
Notes to the Accounts
for the year ended 31 December 2023
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2023
3,575
57,576
61,151
At 31 December 2023
3,575
57,576
61,151
At 1 January 2023
2,862
49,896
52,758
Charge for the year
358
3,192
3,550
At 31 December 2023
3,220
53,088
56,308
At 31 December 2023
355
4,488
4,843
At 31 December 2022
713
7,680
8,393
Amounts falling due within one year
Amounts due from group undertakings etc.
7,186
6,586
Accrued income and prepayments
475
648
Other debtors
145,017
120,141
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
41,874
37,867
Trade creditors
2,784
1,647
Taxes and social security
5,991
7,257
Other creditors
74,208
57,050
Deferred income
32,356
20,220
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
12,600
14,625
Each Peach Childcare Ltd
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Operating lease commitments
2023
2022
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
134,000
180,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan on which interest is charged at 2.25%
7,231
21,650
-
28,881
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Average number of employees
During the year the average number of employees was 22 (2022: 21).