Company Registration No. SC368198 (Scotland)
Kidstore Childcare Limited
Unaudited accounts
for the year ended 31 May 2024
Kidstore Childcare Limited
Unaudited accounts
Contents
Kidstore Childcare Limited
Company Information
for the year ended 31 May 2024
Directors
Kirsty Anne McLaren
Patricia McLaren
Vicki Jane McLaren
Company Number
SC368198 (Scotland)
Registered Office
Alexanders
Brodick
Isle of Arran
KA27 8AJ
Kidstore Childcare Limited
Statement of financial position
as at 31 May 2024
Tangible assets
70,017
78,599
Cash at bank and in hand
82,411
76,894
Creditors: amounts falling due within one year
(78,929)
(71,572)
Net current assets
153,020
159,841
Total assets less current liabilities
223,037
238,440
Creditors: amounts falling due after more than one year
(27,627)
(59,014)
Provisions for liabilities
Deferred tax
(13,303)
(14,934)
Net assets
182,107
164,492
Called up share capital
180,100
180,100
Profit and loss account
2,007
(15,608)
Shareholders' funds
182,107
164,492
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by
Patricia McLaren
Director
Company Registration No. SC368198
Kidstore Childcare Limited
Notes to the Accounts
for the year ended 31 May 2024
Kidstore Childcare Limited is a private company, limited by shares, registered in Scotland, registration number SC368198. The registered office is Alexanders, Brodick, Isle of Arran, KA27 8AJ.
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.
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
5% on cost
Plant & machinery
15% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on reducing balance
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.
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.
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.
Kidstore Childcare Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
169,161
13,642
22,581
7,596
212,980
Additions
-
-
1,292
299
1,591
At 31 May 2024
169,161
13,642
23,873
7,895
214,571
At 1 June 2023
99,017
11,731
17,509
6,124
134,381
Charge for the year
8,458
272
940
503
10,173
At 31 May 2024
107,475
12,003
18,449
6,627
144,554
At 31 May 2024
61,686
1,639
5,424
1,268
70,017
At 31 May 2023
70,144
1,911
5,072
1,472
78,599
Amounts falling due within one year
Other debtors
46,254
38,250
Amounts falling due after more than one year
Other debtors
103,284
116,269
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
27,778
24,168
Taxes and social security
47,013
43,669
Other creditors
1,738
1,335
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 26 (2023: 26).