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Registered number: 11134205
Country Kids Day Nursery Kneesall Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
KSR Accountants
Institute of Financial Accountants
The Old Buttermarket
Market Place
Tuxford
Newark
NG22 0LJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 11134205
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 31,353 61,441
Tangible Assets 5 312,431 312,876
Investments 6 16,983 16,983
360,767 391,300
CURRENT ASSETS
Debtors 7 (120,282 ) (19,569 )
Investments 8 180,010 180,010
Cash at bank and in hand 21,180 60,113
80,908 220,554
Creditors: Amounts Falling Due Within One Year 9 (85,258 ) (121,220 )
NET CURRENT ASSETS (LIABILITIES) (4,350 ) 99,334
TOTAL ASSETS LESS CURRENT LIABILITIES 356,417 490,634
Creditors: Amounts Falling Due After More Than One Year 10 (392,043 ) (368,568 )
NET (LIABILITIES)/ASSETS (35,626 ) 122,066
CAPITAL AND RESERVES
Called up share capital 11 1,333 1,333
Share premium account 233,667 233,667
Profit and Loss Account (270,626 ) (112,934 )
SHAREHOLDERS' FUNDS (35,626) 122,066
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Jeanette Geldard
Director
15th August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Country Kids Day Nursery Kneesall Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11134205 . The registered office is Main Street, Neark, NG22 0AD.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
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 0
Leasehold 0
Plant & Machinery 15
Motor Vehicles 25
Fixtures & Fittings 15
Computer Equipment 50
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.
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.
Page 3
Page 4
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 57 (2023: 39)
57 39
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 150,438
As at 31 January 2024 150,438
Amortisation
As at 1 February 2023 88,997
Provided during the period 30,088
As at 31 January 2024 119,085
Net Book Value
As at 31 January 2024 31,353
As at 1 February 2023 61,441
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 226,001 121,083 22,008 - 369,092
Additions - 137 13,614 1,810 15,561
As at 31 January 2024 226,001 121,220 35,622 1,810 384,653
Depreciation
As at 1 February 2023 40 47,838 8,338 - 56,216
Provided during the period - 11,008 4,093 905 16,006
As at 31 January 2024 40 58,846 12,431 905 72,222
Net Book Value
As at 31 January 2024 225,961 62,374 23,191 905 312,431
As at 1 February 2023 225,961 73,245 13,670 - 312,876
Page 4
Page 5
6. Investments
Listed
£
Cost
As at 1 February 2023 16,983
As at 31 January 2024 16,983
Provision
As at 1 February 2023 -
As at 31 January 2024 -
Net Book Value
As at 31 January 2024 16,983
As at 1 February 2023 16,983
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 12,722 4,821
Amounts owed by stacks 80,850 53,510
Stacks Recharges 8,305 5,675
Giggles Recharges 6,618 6,866
Amounts owed by or to Giggles (229,798 ) (90,441 )
Net wages 1,021 -
(120,282 ) (19,569 )
8. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 180,010 180,010
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 47,062 45,135
Corporation tax 7,916 7,916
Net wages - 7,713
Pensions Payable - 1,931
Country Kids Day 9,372 9,734
Stacks creditors recharge 15,778 15,778
Other creditors - Amex 5,130 33,013
85,258 121,220
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Page 6
10. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Canary Hall Loan 200,000 200,000
Other taxes and social security 38,521 44,905
Other people loans 3,699 3,699
D Geldard Loan 34,345 21,245
Bounce Back Loan 21,742 32,481
Intercompan-Stacks 1,971 1,971
Intercompany-Sunnyside day nusery & Play centre (62,448 ) (36,200 )
Sunnyside Play Centre-Intercompany Loan (89,127 ) (57,746 )
Directors loan account 243,340 158,213
392,043 368,568
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,333 1,333
Page 6