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REGISTERED NUMBER: 05651466








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MAGIC MOMENTS CHILDCARE LTD

MAGIC MOMENTS CHILDCARE LTD (REGISTERED NUMBER: 05651466)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


MAGIC MOMENTS CHILDCARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: Mr R W Barrett
Mrs S Shaw





SECRETARY: Ms L T Barrett





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 05651466





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

MAGIC MOMENTS CHILDCARE LTD (REGISTERED NUMBER: 05651466)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,391 27,241

CURRENT ASSETS
Debtors 5 82,557 19,459
Cash at bank 15,710 110,185
98,267 129,644
CREDITORS
Amounts falling due within one year 6 92,844 63,217
NET CURRENT ASSETS 5,423 66,427
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,814

93,668

CREDITORS
Amounts falling due after more than one year 7 (26,590 ) (52,934 )

PROVISIONS FOR LIABILITIES (7,465 ) (6,391 )
NET ASSETS 5,759 34,343

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,758 34,342
SHAREHOLDERS' FUNDS 5,759 34,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





Mr R W Barrett - Director


MAGIC MOMENTS CHILDCARE LTD (REGISTERED NUMBER: 05651466)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023

1. STATUTORY INFORMATION

Magic Moments Childcare Ltd is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 40 ) .

MAGIC MOMENTS CHILDCARE LTD (REGISTERED NUMBER: 05651466)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 65,736 1,351 82,461 34,958 184,506
Additions 16,100 109 - 249 16,458
At 31 December 2023 81,836 1,460 82,461 35,207 200,964
DEPRECIATION
At 1 January 2023 56,709 338 71,295 28,923 157,265
Charge for year 4,717 280 2,792 1,519 9,308
At 31 December 2023 61,426 618 74,087 30,442 166,573
NET BOOK VALUE
At 31 December 2023 20,410 842 8,374 4,765 34,391
At 31 December 2022 9,027 1,013 11,166 6,035 27,241

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 73,525 19,459
Tax 7,074 -
Prepayments 1,958 -
82,557 19,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,344 23,823
Tax 5,209 7,074
Social security and other taxes 6,460 6,203
Other creditors 5,841 8,059
Directors' current accounts 48,990 18,058
92,844 63,217

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 26,590 52,934

8. OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments at the balance sheet date of £387,000 (2022: £430,000)

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is an interest free loan from the director Mr R Barrett, of £48,990 (2022 - £18,058). This loan is repayable on demand.