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REGISTERED NUMBER: 04307978 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KNL CHILDCARE LIMITED

KNL CHILDCARE LIMITED (REGISTERED NUMBER: 04307978)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


KNL CHILDCARE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs K White
Mr M Bolan





SECRETARY: Mr M Bolan





REGISTERED OFFICE: Little Squirrels Community Nursery
Ryde Business Park
Nicholson Road
Ryde
Isle of Wight
PO33 1BQ





REGISTERED NUMBER: 04307978 (England and Wales)





ACCOUNTANTS: Garbetts (IOW) Limited
Exchange House
St Cross Lane
Newport
Isle of Wight
PO30 5BZ

KNL CHILDCARE LIMITED (REGISTERED NUMBER: 04307978)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,358 31,496
31,358 31,496

CURRENT ASSETS
Debtors 6 14,992 59,994
Cash at bank and in hand 3,350 543
18,342 60,537
CREDITORS
Amounts falling due within one year 7 26,942 34,932
NET CURRENT (LIABILITIES)/ASSETS (8,600 ) 25,605
TOTAL ASSETS LESS CURRENT LIABILITIES 22,758 57,101

CREDITORS
Amounts falling due after more than one
year

8

(30,956

)

(36,467

)

PROVISIONS FOR LIABILITIES (152 ) (179 )
NET (LIABILITIES)/ASSETS (8,350 ) 20,455

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 20,000 20,000
Retained earnings (28,450 ) 355
SHAREHOLDERS' FUNDS (8,350 ) 20,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

KNL CHILDCARE LIMITED (REGISTERED NUMBER: 04307978)

BALANCE SHEET - continued
31 MARCH 2024


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 4 November 2024 and were signed on its behalf by:





Mrs K White - Director


KNL CHILDCARE LIMITED (REGISTERED NUMBER: 04307978)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

KNL Childcare 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.

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.

Turnover
Turnover represents net invoiced provision of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, has been fully amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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.

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.

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.

KNL CHILDCARE LIMITED (REGISTERED NUMBER: 04307978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 18,700
AMORTISATION
At 1 April 2023
and 31 March 2024 18,700
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 30,555 11,115 41,670
Additions - 135 135
Disposals - (1,257 ) (1,257 )
At 31 March 2024 30,555 9,993 40,548
DEPRECIATION
At 1 April 2023 - 10,174 10,174
Charge for year - 267 267
Eliminated on disposal - (1,251 ) (1,251 )
At 31 March 2024 - 9,190 9,190
NET BOOK VALUE
At 31 March 2024 30,555 803 31,358
At 31 March 2023 30,555 941 31,496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,992 59,994

KNL CHILDCARE LIMITED (REGISTERED NUMBER: 04307978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,612 8,715
Trade creditors 1,412 339
Taxation and social security 11,538 15,429
Other creditors 8,380 10,449
26,942 34,932

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 30,956 36,467

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,341 13,431

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs K White
Balance outstanding at start of year 22,333 17,483
Amounts advanced 4,000 6,550
Amounts repaid - (1,700 )
Amounts written off (26,333 ) -
Amounts waived - -
Balance outstanding at end of year - 22,333

Mr M Bolan
Balance outstanding at start of year 22,839 17,989
Amounts advanced 4,000 6,550
Amounts repaid - (1,700 )
Amounts written off (26,839 ) -
Amounts waived - -
Balance outstanding at end of year - 22,839