Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false2827falsetruefalse 04605441 2023-01-01 2023-12-31 04605441 2022-01-01 2022-12-31 04605441 2023-12-31 04605441 2022-12-31 04605441 c:Director2 2023-01-01 2023-12-31 04605441 d:PlantMachinery 2023-01-01 2023-12-31 04605441 d:PlantMachinery 2023-12-31 04605441 d:PlantMachinery 2022-12-31 04605441 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04605441 d:FurnitureFittings 2023-01-01 2023-12-31 04605441 d:FurnitureFittings 2023-12-31 04605441 d:FurnitureFittings 2022-12-31 04605441 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04605441 d:OfficeEquipment 2023-01-01 2023-12-31 04605441 d:OfficeEquipment 2023-12-31 04605441 d:OfficeEquipment 2022-12-31 04605441 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04605441 d:ComputerEquipment 2023-01-01 2023-12-31 04605441 d:ComputerEquipment 2023-12-31 04605441 d:ComputerEquipment 2022-12-31 04605441 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04605441 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 04605441 d:OtherPropertyPlantEquipment 2023-12-31 04605441 d:OtherPropertyPlantEquipment 2022-12-31 04605441 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04605441 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04605441 d:CurrentFinancialInstruments 2023-12-31 04605441 d:CurrentFinancialInstruments 2022-12-31 04605441 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04605441 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04605441 d:ShareCapital 2023-12-31 04605441 d:ShareCapital 2022-12-31 04605441 d:RetainedEarningsAccumulatedLosses 2023-12-31 04605441 d:RetainedEarningsAccumulatedLosses 2022-12-31 04605441 c:FRS102 2023-01-01 2023-12-31 04605441 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04605441 c:FullAccounts 2023-01-01 2023-12-31 04605441 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04605441 d:WithinOneYear 2023-12-31 04605441 d:WithinOneYear 2022-12-31 04605441 d:BetweenOneFiveYears 2023-12-31 04605441 d:BetweenOneFiveYears 2022-12-31 04605441 d:MoreThanFiveYears 2023-12-31 04605441 d:MoreThanFiveYears 2022-12-31 04605441 2 2023-01-01 2023-12-31 04605441 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04605441









PLAY 2 LEARN DAY NURSERY LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PLAY 2 LEARN DAY NURSERY LTD
REGISTERED NUMBER: 04605441

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
120,719
124,745

  
120,719
124,745

Current assets
  

Debtors
 5 
666,787
342,040

Cash at bank and in hand
 6 
186,884
355,801

  
853,671
697,841

Creditors: amounts falling due within one year
 7 
(296,161)
(109,784)

Net current assets
  
 
 
557,510
 
 
588,057

Total assets less current liabilities
  
678,229
712,802

  

Net assets
  
678,229
712,802


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
678,129
712,702

  
678,229
712,802


Page 1

 
PLAY 2 LEARN DAY NURSERY LTD
REGISTERED NUMBER: 04605441
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 September 2024.




K H Patel
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
PLAY 2 LEARN DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Play 2 Learn Day Nursery Ltd is a private company, limited by shares, domiciled in England and Wales, regisration number 4605441.  The registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL.  The principal activity of the company continued to be that of providing nursery and pre-school 
childcare and education.

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

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

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.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

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

Page 3

 
PLAY 2 LEARN DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

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.

 
2.6

Taxation

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.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 28 (2022 - 27).

Page 4

 
PLAY 2 LEARN DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Computer equipment
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 January 2023
112,384
47,477
3,339
24,406
162,354


Additions
2,659
4,329
156
11,117
-



At 31 December 2023

115,043
51,806
3,495
35,523
162,354



Depreciation


At 1 January 2023
103,689
44,183
2,195
11,441
63,707


Charge for the year on owned assets
7,631
2,030
854
6,900
4,871



At 31 December 2023

111,320
46,213
3,049
18,341
68,578



Net book value



At 31 December 2023
3,723
5,593
446
17,182
93,776



At 31 December 2022
8,696
3,294
1,144
12,965
98,647
Page 5

 
PLAY 2 LEARN DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 January 2023
349,960


Additions
18,261



At 31 December 2023

368,221



Depreciation


At 1 January 2023
225,215


Charge for the year on owned assets
22,286



At 31 December 2023

247,501



Net book value



At 31 December 2023
120,720



At 31 December 2022
124,746


5.


Debtors

2023
2022
£
£



Trade debtors
15,532
11,313

Amounts owed by group undertakings
642,772
327,710

Other debtors
-
1,042

Prepayments and accrued income
8,483
1,975

666,787
342,040


Page 6

 
PLAY 2 LEARN DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
186,884
355,801

186,884
355,801



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
2,850
8,148

Amounts owed to group undertakings
147,011
13,225

Corporation tax
52,994
12,589

Other taxation and social security
6,527
-

Other creditors
38,423
22,828

Accruals and deferred income
48,356
52,994

296,161
109,784



8.


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 £7,916 (2022 - £5,852) . Contributions totalling £43.74 (2022 - £1,340) were payable to the fund at the balance sheet date and are included in creditors.


9.


Commitments under operating leases

At 31 December 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
10,000
10,000

Later than 1 year and not later than 5 years
40,000
40,000

Later than 5 years
57,500
67,500

107,500
117,500

Page 7

 
PLAY 2 LEARN DAY NURSERY LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Related party transactions

Included in debtor is an amount of £147,011 due from the entity's parent company (2022 - £13,225 owed from). No interest has been charged on this amount.
Included in debtors is an amount of £642,772 due from an associated company (2022 - £327,709 due from). No interest has been charged on this amount.


11.


Controlling party

The ultimate controlling party at the year end was K & A Patel, by virtue of their ownership of the parent company.

 
Page 8