Company registration number 04384262 (England and Wales)
ABC CHILDCARE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
ABC CHILDCARE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
ABC CHILDCARE LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,833
15,833
Investment property
4
224,365
224,365
235,198
240,198
Current assets
Debtors
5
418
407
Cash at bank and in hand
8,775
16,044
9,193
16,451
Creditors: amounts falling due within one year
6
(16,523)
(29,286)
Net current liabilities
(7,330)
(12,835)
Net assets
227,868
227,363
Capital and reserves
Called up share capital
100,000
100,000
Share premium account
170,000
170,000
Profit and loss reserves
(42,132)
(42,637)
Total equity
227,868
227,363

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 17 October 2024
Mr LJ Bennison
Director
Company registration number 04384262 (England and Wales)
ABC CHILDCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

ABC Childcare Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Warreners Barns, Northgate, Morpeth, Northumberland, England, NE61 3BX.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and rent receivable.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
25% Reducing balance
Motor vehicles
25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ABC CHILDCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 May 2023 and 30 April 2024
621
20,000
20,621
Depreciation and impairment
At 1 May 2023
621
4,167
4,788
Depreciation charged in the year
-
0
5,000
5,000
At 30 April 2024
621
9,167
9,788
Carrying amount
At 30 April 2024
-
0
10,833
10,833
At 30 April 2023
-
0
15,833
15,833
ABC CHILDCARE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 4 -
4
Investment property
2024
£
Fair value
At 1 May 2023 and 30 April 2024
224,365

 

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
418
407
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
15,265
27,042
Accruals and deferred income
1,258
2,244
16,523
29,286
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