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Registered number: 09535522
Kinderview Children's Day Nursery Ltd
Unaudited Financial Statements
For The Year Ended 29 September 2023
Bee Motion Accounting Limited
136 Hall Street
Stockport
Greater Manchester
SK1 4HE
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—7
Page 1
Company Information
Directors Mrs Suzanne Bradley
Ms Louise Jackson
Company Number 09535522
Registered Office Kinderview Childrens Day Nursery Glossop Road
Gamesley
Glossop
SK13 6JH
Accountants Bee Motion Accounting Limited
136 Hall Street
Stockport
Greater Manchester
SK1 4HE
Page 1
Page 2
Accountant's Report
Report of the Accountant to the directors of Kinderview Children's Day Nursery Ltd
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 29 September 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
Stefan Alexander Barrett
24/09/2024
Bee Motion Accounting Limited
136 Hall Street
Stockport
Greater Manchester
SK1 4HE
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Page 3
Balance Sheet
Registered number: 09535522
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 550,050 563,509
550,050 563,509
CURRENT ASSETS
Debtors 5 79,079 50,656
Cash at bank and in hand 189,265 110,888
268,344 161,544
Creditors: Amounts Falling Due Within One Year 6 (226,969 ) (187,529 )
NET CURRENT ASSETS (LIABILITIES) 41,375 (25,985 )
TOTAL ASSETS LESS CURRENT LIABILITIES 591,425 537,524
Creditors: Amounts Falling Due After More Than One Year 7 (200,991 ) (229,895 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (42,620 ) (42,761 )
NET ASSETS 347,814 264,868
CAPITAL AND RESERVES
Called up share capital 9 10 12
Profit and Loss Account 347,804 264,856
SHAREHOLDERS' FUNDS 347,814 264,868
Page 3
Page 4
For the year ending 29 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
On behalf of the board
Mrs Suzanne Bradley
Director
Ms Louise Jackson
Director
24/09/2024
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Kinderview Children's Day Nursery Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09535522 . The registered office is Kinderview Childrens Day Nursery Glossop Road, Gamesley, Glossop, SK13 6JH.
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. Going Concern Disclosure
The company has considerable financial resources together with contracts with a number of clients. The directors believe that the company is well placed to manage its business risks successfully.
After making enquiries, the directors have reasonable expectations that the company has adequate resources to continue in operational existence for a period of at least twelve months and for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. 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:
Freehold 2% Straight Line
Leasehold Straight Line over lease period
Plant & Machinery 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 25% Reducing Balance
2.5. 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.
...CONTINUED
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2.5. Taxation - continued
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.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.8. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 50 (2022: 43)
50 43
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2022 474,777 259,107 7,893 741,777
Additions - 34,895 1,823 36,718
As at 29 September 2023 474,777 294,002 9,716 778,495
Depreciation
As at 1 October 2022 81,583 92,598 4,087 178,268
Provided during the period 13,627 35,255 1,295 50,177
As at 29 September 2023 95,210 127,853 5,382 228,445
Net Book Value
As at 29 September 2023 379,567 166,149 4,334 550,050
As at 1 October 2022 393,194 166,509 3,806 563,509
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5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 64,416 49,881
Prepayments and accrued income 14,663 775
79,079 50,656
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,479 -
Bank loans and overdrafts 28,646 28,787
Other creditors 121,196 112,720
Taxation and social security 72,648 46,022
226,969 187,529
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 200,991 229,895
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2023 2022
£ £
Other timing differences 42,620 42,761
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10 12
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