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Registered number: 11193964
Nanny Bears Childcare Ltd
ABRIDGED Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 11193964
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 88,848 72,726
88,848 72,726
CURRENT ASSETS
Debtors 119,171 80,605
Cash at bank and in hand 128,386 166,696
247,557 247,301
Creditors: Amounts Falling Due Within One Year (203,051 ) (155,551 )
NET CURRENT ASSETS (LIABILITIES) 44,506 91,750
TOTAL ASSETS LESS CURRENT LIABILITIES 133,354 164,476
Creditors: Amounts Falling Due After More Than One Year (14,486 ) (23,768 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,776 ) (14,306 )
NET ASSETS 96,092 126,402
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 96,091 126,401
SHAREHOLDERS' FUNDS 96,092 126,402
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 29 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Miss G L Green
Director
11 September 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Nanny Bears Childcare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11193964 . The registered office is 2 The Old Dairy, Barrow Road, Payhembury, EX14 3HX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line basis
Fixtures & Fittings 20% reducing balance basis
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
The average number of employees, including directors, during the year was 86 (2023: 59)
86 59
4. Tangible Assets
Total
£
Cost
As at 1 March 2023 103,026
Additions 37,067
As at 29 February 2024 140,093
Depreciation
As at 1 March 2023 30,300
Provided during the period 20,945
As at 29 February 2024 51,245
Net Book Value
As at 29 February 2024 88,848
As at 1 March 2023 72,726
5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Miss Gemma Green 63,196 19,442 37,363 - 45,275
The above loan is unsecured and repayable on demand. Interest has been charged at a commercial rate.
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