Caseware UK (AP4) 2023.0.135 2023.0.135 false162023-04-0121truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08869772 2023-04-01 2024-03-31 08869772 2022-04-01 2023-03-31 08869772 2024-03-31 08869772 2023-03-31 08869772 c:Director1 2023-04-01 2024-03-31 08869772 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 08869772 d:Buildings d:ShortLeaseholdAssets 2024-03-31 08869772 d:Buildings d:ShortLeaseholdAssets 2023-03-31 08869772 d:FurnitureFittings 2023-04-01 2024-03-31 08869772 d:FurnitureFittings 2024-03-31 08869772 d:FurnitureFittings 2023-03-31 08869772 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08869772 d:OfficeEquipment 2023-04-01 2024-03-31 08869772 d:OfficeEquipment 2024-03-31 08869772 d:OfficeEquipment 2023-03-31 08869772 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08869772 d:ComputerEquipment 2023-04-01 2024-03-31 08869772 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 08869772 d:CurrentFinancialInstruments 2024-03-31 08869772 d:CurrentFinancialInstruments 2023-03-31 08869772 d:Non-currentFinancialInstruments 2024-03-31 08869772 d:Non-currentFinancialInstruments 2023-03-31 08869772 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 08869772 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08869772 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 08869772 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08869772 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 08869772 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 08869772 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 08869772 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 08869772 d:ShareCapital 2024-03-31 08869772 d:ShareCapital 2023-03-31 08869772 d:RetainedEarningsAccumulatedLosses 2024-03-31 08869772 d:RetainedEarningsAccumulatedLosses 2023-03-31 08869772 c:OrdinaryShareClass1 2023-04-01 2024-03-31 08869772 c:OrdinaryShareClass1 2024-03-31 08869772 c:OrdinaryShareClass1 2023-03-31 08869772 c:OrdinaryShareClass2 2023-04-01 2024-03-31 08869772 c:OrdinaryShareClass2 2024-03-31 08869772 c:OrdinaryShareClass2 2023-03-31 08869772 c:FRS102 2023-04-01 2024-03-31 08869772 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08869772 c:FullAccounts 2023-04-01 2024-03-31 08869772 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08869772 d:WithinOneYear 2024-03-31 08869772 d:WithinOneYear 2023-03-31 08869772 d:BetweenOneFiveYears 2024-03-31 08869772 d:BetweenOneFiveYears 2023-03-31 08869772 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 08869772 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08869772 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 08869772 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08869772 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 08869772 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08869772 d:RetirementBenefitObligationsDeferredTax 2024-03-31 08869772 d:RetirementBenefitObligationsDeferredTax 2023-03-31 08869772 2 2023-04-01 2024-03-31 08869772 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2024-03-31 08869772 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-03-31 08869772 d:LeasedAssetsHeldAsLessee 2024-03-31 08869772 d:LeasedAssetsHeldAsLessee 2023-03-31 08869772 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 08869772










Beech Tree Childcare Ltd








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2024

 
Beech Tree Childcare Ltd
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Beech Tree Childcare Ltd for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Beech Tree Childcare Ltd for the year ended 31 March 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Beech Tree Childcare Ltd, as a body, in accordance with the terms of our engagement letter dated 5 May 2023Our work has been undertaken solely to prepare for your approval the financial statements of Beech Tree Childcare Ltd and state those matters that we have agreed to state to the Board of Directors of Beech Tree Childcare Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Beech Tree Childcare Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Beech Tree Childcare Ltd 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 Beech Tree Childcare Ltd. You consider that Beech Tree Childcare Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Beech Tree Childcare Ltd. 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.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
4 September 2024
Page 1

 
Beech Tree Childcare Ltd
Registered number: 08869772

Balance Sheet
As at 31 March 2024

As restated
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
60,604
36,603

  
60,604
36,603

Current assets
  

Debtors: amounts falling due within one year
 5 
32,483
26,884

Cash at bank and in hand
  
58,906
38,007

  
91,389
64,891

Creditors: amounts falling due within one year
 6 
(67,809)
(28,862)

Net current assets
  
 
 
23,580
 
 
36,029

Total assets less current liabilities
  
84,184
72,632

Creditors: amounts falling due after more than one year
 7 
(30,029)
(17,333)

Provisions for liabilities
  

Deferred tax
 10 
(6,230)
(2,237)

Net assets
  
 
 
47,925
 
 
53,062


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
47,825
52,962

  
47,925
53,062


The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

Page 2

 
Beech Tree Childcare Ltd
Registered number: 08869772

Balance Sheet (continued)
As at 31 March 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
H Harmer
Director
Date: 4 September 2024

The notes on pages 4 to 10 form part of these financial statements.
Page 3

 
Beech Tree Childcare Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

1.


General information

Beech Tree Childcare Limited is a private company limited by shares and incorporated in England and Wales, with registered number 08869772. The registered office is: 9 Donnington Park, 85 Birdham road, Chichester, West Sussex, United Kingdom, PO20 7AJ.
The principal place of business is: Roundstone Lane, Angmering, West Sussex BN16 4AX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

The estimated useful lives range as follows:

Short-term leasehold property
-
3
years
Fixtures and fittings
-
5
years
Computer equipment
-
3
years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 4

 
Beech Tree Childcare Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.10

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
Beech Tree Childcare Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 21 (2023 - 16).

Page 6

 
Beech Tree Childcare Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost 


At 1 April 2023
106,047
20,989
2,088
129,124


Additions
1,730
49,049
-
50,779



At 31 March 2024

107,777
70,038
2,088
179,903



Depreciation


At 1 April 2023
79,190
12,365
966
92,521


Charge for the year on owned assets
15,431
10,767
580
26,778



At 31 March 2024

94,621
23,132
1,546
119,299



Net book value



At 31 March 2024
13,156
46,906
542
60,604



At 31 March 2023
26,857
8,624
1,122
36,603

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Fixtures and fittings
27,613
-

27,613
-


5.


Debtors

2024
2023
£
£


Trade debtors
8,377
4,172

Other debtors
22,221
21,595

Prepayments and accrued income
1,885
1,117

32,483
26,884


Page 7

 
Beech Tree Childcare Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,000
8,000

Trade creditors
-
2,598

Corporation tax
2,866
13,512

Other taxation and social security
6,344
2,055

Obligations under finance lease and hire purchase contracts
6,762
-

Other creditors
41,857
797

Accruals and deferred income
1,980
1,900

67,809
28,862



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
9,334
17,333

Net obligations under finance leases and hire purchase contracts
20,695
-



8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,000
8,000

Amounts falling due 1-2 years

Bank loans
8,000
8,000

Amounts falling due 2-5 years

Bank loans
1,334
9,333


17,334
25,333


9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
6,762
-

Between 1-5 years
20,695
-

27,457
-
Page 8

 
Beech Tree Childcare Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

10.


Deferred taxation




2024


£






At beginning of year
(2,237)


Charged to profit or loss
(3,993)



At end of year
(6,230)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(6,412)
(2,436)

Pension surplus
182
199

(6,230)
(2,237)


11.


Share capital

As restated
2024
2023
£
£
Authorised, allotted, called up and fully paid



51 (2023 - 51) Ordinary Shares A shares of £1 each
51
51
49 (2023 - 49) Ordinary Shares B shares of £1 each
49
49

100

100



12.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,250 (2023 - £10,452). Contributions totalling £955 (2023 - £797) were payable to the fund at the balance sheet date and are included in creditors.

Page 9

 
Beech Tree Childcare Ltd
 

 
Notes to the Financial Statements
For the Year Ended 31 March 2024

13.


Commitments under operating leases

At 31 March 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
23,000
21,275

Later than 1 year and not later than 5 years
23,000
46,000

46,000
67,275


14.


Related party transactions

During the year the company made the following related party transactions:
Mrs H Harmer
(Director)
During the year the director provided the company with an interest free loan repayable on demand. At the balance sheet date the amount due to the director was £344 (2023 - £(2,356)).
Mr N Squire
(Director)
During the year the director provided the company with an interest free loan repayable on demand. At the balance sheet date the amount due to the director was £23,154 (2023 - £nil).


Page 10