BrightAccountsProduction v1.0.0 v1.0.0 2022-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity carried on by the company is that of child daycare activities. 24 July 2024 40 45 NI626771 2023-10-31 NI626771 2022-10-31 NI626771 2021-10-31 NI626771 2022-11-01 2023-10-31 NI626771 2021-11-01 2022-10-31 NI626771 uk-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 NI626771 uk-curr:PoundSterling 2022-11-01 2023-10-31 NI626771 uk-bus:AbridgedAccounts 2022-11-01 2023-10-31 NI626771 uk-core:ShareCapital 2023-10-31 NI626771 uk-core:ShareCapital 2022-10-31 NI626771 uk-core:RetainedEarningsAccumulatedLosses 2023-10-31 NI626771 uk-core:RetainedEarningsAccumulatedLosses 2022-10-31 NI626771 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-10-31 NI626771 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-10-31 NI626771 uk-bus:FRS102 2022-11-01 2023-10-31 NI626771 uk-core:Goodwill 2022-11-01 2023-10-31 NI626771 uk-core:Land 2022-11-01 2023-10-31 NI626771 uk-core:FurnitureFittingsToolsEquipment 2022-11-01 2023-10-31 NI626771 uk-core:MotorVehicles 2022-11-01 2023-10-31 NI626771 uk-core:OtherPropertyPlantEquipment 2022-11-01 2023-10-31 NI626771 uk-core:Goodwill 2022-10-31 NI626771 uk-core:Goodwill 2023-10-31 NI626771 2022-11-01 2023-10-31 NI626771 uk-bus:Director1 2022-11-01 2023-10-31 NI626771 uk-bus:Director2 2022-11-01 2023-10-31 NI626771 uk-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: NI626771
 
 
Aisling Daycare & Afterschools Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 October 2023
Aisling Daycare & Afterschools Limited
Company Registration Number: NI626771
ABRIDGED BALANCE SHEET
as at 31 October 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 5 31,126 49,457
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Current Assets
Debtors 107,762 128,758
Cash and cash equivalents 21,119 127
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128,881 128,885
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Creditors: amounts falling due within one year (138,501) (150,764)
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Net Current Liabilities (9,620) (21,879)
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Total Assets less Current Liabilities 21,506 27,578
 
Creditors:
amounts falling due after more than one year (16,393) (26,470)
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Net Assets 5,113 1,108
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Capital and Reserves
Called up share capital 100 100
Retained earnings 5,013 1,008
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Equity attributable to owners of the company 5,113 1,108
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The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 24 July 2024 and signed on its behalf by
           
           
           
________________________________          
Mrs. Bronagh McAllister          
Director          
           
           
           
________________________________
Mrs. Una Dougherty
Director
           



Aisling Daycare & Afterschools Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 October 2023

   
1. General Information
 
Aisling Daycare & Afterschools Limited is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 16 Mount Charles, Belfast and the principal place of business of the company is Unit 3 Aisling Business Park, Glen Road, Belfast. The company registeration number is NI626771 The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 October 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax. Revenue is recognised in the period which it relates.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 5 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 10% Straight line
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 20% Reducing balance
  Computer Equipment - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 40, (2022 - 45).
 
  2023 2022
  Number Number
 
Staff 40 45
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 November 2022 100,000 100,000
  ───────── ─────────
 
At 31 October 2023 100,000 100,000
  ───────── ─────────
Amortisation
 
At 31 October 2023 100,000 100,000
  ───────── ─────────
Carrying amount
At 31 October 2023 - -
  ═════════ ═════════
             
5. Tangible assets
  Long Fixtures, Motor Computer Total
  leasehold fittings and vehicles Equipment  
  property equipment      
  £ £ £ £ £
Cost
At 1 November 2022 166,490 21,775 6,670 1,928 196,863
Additions - 1,848 - - 1,848
  ───────── ───────── ───────── ───────── ─────────
At 31 October 2023 166,490 23,623 6,670 1,928 198,711
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 November 2022 132,832 9,628 3,951 995 147,406
Charge for the financial year 16,649 2,799 544 187 20,179
  ───────── ───────── ───────── ───────── ─────────
At 31 October 2023 149,481 12,427 4,495 1,182 167,585
  ───────── ───────── ───────── ───────── ─────────
Carrying amount
At 31 October 2023 17,009 11,196 2,175 746 31,126
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 October 2022 33,658 12,147 2,719 933 49,457
  ═════════ ═════════ ═════════ ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 October 2023.
   
7. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.