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REGISTERED NUMBER: 04820666 (England and Wales)















Financial Statements for the Year Ended 20 December 2023

for

Top Class Day Nursery Limited

Top Class Day Nursery Limited (Registered number: 04820666)






Contents of the Financial Statements
for the Year Ended 20 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Top Class Day Nursery Limited

Company Information
for the Year Ended 20 December 2023







DIRECTORS: Mrs E Ludden
T Ludden





REGISTERED OFFICE: Dukes and Duchesses Private Day Nursery
Dukes Terrace
Duke Street
Liverpool
Merseyside
L1 4JS





REGISTERED NUMBER: 04820666 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Top Class Day Nursery Limited (Registered number: 04820666)

Balance Sheet
20 December 2023

20.12.23 20.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,543 48,873

CURRENT ASSETS
Debtors 5 238,161 195,649
Cash at bank and in hand 6,414 8,433
244,575 204,082
CREDITORS
Amounts falling due within one year 6 249,345 208,000
NET CURRENT LIABILITIES (4,770 ) (3,918 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,773

44,955

CREDITORS
Amounts falling due after more than
one year

7

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (4,348 ) (11,681 )
NET (LIABILITIES)/ASSETS (4,575 ) 8,274

CAPITAL AND RESERVES
Called up share capital 1,050 1,050
Retained earnings (5,625 ) 7,224
SHAREHOLDERS' FUNDS (4,575 ) 8,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 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.

Top Class Day Nursery Limited (Registered number: 04820666)

Balance Sheet - continued
20 December 2023


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 20 September 2024 and were signed on its behalf by:





T Ludden - Director


Top Class Day Nursery Limited (Registered number: 04820666)

Notes to the Financial Statements
for the Year Ended 20 December 2023

1. STATUTORY INFORMATION

Top Class Day Nursery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on provision of childcare, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the services are provided.

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

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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.


Top Class Day Nursery Limited (Registered number: 04820666)

Notes to the Financial Statements - continued
for the Year Ended 20 December 2023

2. ACCOUNTING POLICIES - continued
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 30 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 21 December 2022 259,188 4,995 27,327 291,510
Additions - - 3,045 3,045
At 20 December 2023 259,188 4,995 30,372 294,555
DEPRECIATION
At 21 December 2022 214,047 4,995 23,595 242,637
Charge for year 29,482 - 2,893 32,375
At 20 December 2023 243,529 4,995 26,488 275,012
NET BOOK VALUE
At 20 December 2023 15,659 - 3,884 19,543
At 20 December 2022 45,141 - 3,732 48,873

Top Class Day Nursery Limited (Registered number: 04820666)

Notes to the Financial Statements - continued
for the Year Ended 20 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.12.23 20.12.22
£    £   
Trade debtors 70,521 70,521
Amounts owed by group undertakings 137,998 110,616
Amounts owed by associates 14,765 -
Other debtors 14,877 14,512
238,161 195,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20.12.23 20.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,240 1,636
Amounts owed to associates - 500
Taxation and social security 186,207 142,706
Other creditors 48,898 53,158
249,345 208,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20.12.23 20.12.22
£    £   
Bank loans 15,000 25,000

8. SECURED DEBTS

A fixed and floating charge is held over the assets of the company by Barclays Bank plc.

9. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £137,998, (2022 £110,616) owing from Top Class Nursery Holdings Limited, a company under the control of Mrs E C Ludden.

The company paid rent to Top Class Nursery Holdings Limited, in respect of the premises of £90,000, (2022 £87,250).

Included within other debtors is an amount of £10,600, (2022, £11,400), owed by Ms K Williams, a shareholder.

Included within other debtors is an amount of £800, (2022 £500, creditor), owing from 44 Olive Lane Management Company Limited, a company which is controlled by Mr T Ludden.

Included within other debtors is an amount of £13,965, (2022 £nil), owing from APFS Limited, a company which is controlled by Mr T Ludden.

All loans are interest free and repayable on demand.