1 May 2023 v2024.60.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP044579812023-05-012024-04-30044579812024-04-30044579812023-04-3004457981core:WithinOneYear2024-04-3004457981core:WithinOneYear2023-04-3004457981core:AfterOneYear2024-04-3004457981core:AfterOneYear2023-04-3004457981core:ShareCapital2024-04-3004457981core:ShareCapital2023-04-3004457981core:RetainedEarningsAccumulatedLosses2024-04-3004457981core:RetainedEarningsAccumulatedLosses2023-04-3004457981bus:Director12023-05-012024-04-3004457981bus:RegisteredOffice2023-05-012024-04-3004457981core:PlantMachinery2023-05-012024-04-3004457981core:OfficeEquipment2023-05-012024-04-3004457981core:FurnitureFittings2023-05-012024-04-3004457981core:LandBuildings2023-05-012024-04-30044579812022-05-012023-04-3004457981core:LandBuildings2023-05-0104457981core:PlantMachinery2023-05-01044579812023-05-0104457981core:LandBuildings2024-04-3004457981core:PlantMachinery2024-04-3004457981core:LandBuildings2023-04-3004457981core:PlantMachinery2023-04-300445798112023-05-012024-04-3004457981countries:EnglandWales2023-05-012024-04-3004457981bus:AuditExemptWithAccountantsReport2023-05-012024-04-3004457981bus:PrivateLimitedCompanyLtd2023-05-012024-04-3004457981bus:SmallEntities2023-05-012024-04-3004457981bus:FullAccounts2023-05-012024-04-30
Company registration number:
04457981
Tick Tock Day Nursery Ltd.
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Sandwell Accountancy Services Ltd
Certified Public Accountants
Old Bank Buildings, Upper High Street, Cradley Heath, West Midlands, B64 5HY, United Kingdom
Tick Tock Day Nursery Ltd.
Report to the board of directors on the preparation of the unaudited statutory financial statements of Tick Tock Day Nursery Ltd.
Year ended
30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Tick Tock Day Nursery Limited for the year ended 30 April 2024, from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Certified Public Accountants, we are subject to its ethical and other professional requirements.
This report is made solely to the Board of Directors of Tick Tock Day Nursery Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Tick Tock Day Nursery Limited and state those matters that we have agreed to state to the Board of Directors of Tick Tock Day Nursery Limited, as a body, in this report in accordance with the requirements of the Association of Certified Public Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tick Tock Day Nursery Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Tick Tock Day Nursery Limited has kept adequate accounting records and to prepare statutory accounts that give a trust and fair view of the assets, liabilities, financial position and results of Tick Tock Day Nursery Limited. You consider that Tick Tock Day Nursery Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts Tick Tock Day Nursery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Sandwell Accountancy Services Ltd
Certified Public Accountants
Old Bank Buildings
Upper High Street
Cradley Heath
West Midlands
B64 5HY
United Kingdom
Tick Tock Day Nursery Ltd.
Statement of Financial Position
30 April 2024
20242023
Note££
Fixed assets    
Tangible assets 5
22,498
 
29,424
 
Current assets    
Debtors 6
23,530
 
26,151
 
Cash at bank and in hand
65
 
59,907
 
23,595
 
86,058
 
Creditors: amounts falling due within one year 7
(142,912
)
(84,637
)
Net current (liabilities)/assets
(119,317
)
1,421
 
Total assets less current liabilities (96,819 ) 30,845  
Creditors: amounts falling due after more than one year 8
(41,590
)
(45,922
)
Net liabilities
(138,409
)
(15,077
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(138,509
)
(15,177
)
Shareholders deficit
(138,409
)
(15,077
)
For the year ending
30 April 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • 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;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
12 November 2024
, and are signed on behalf of the board by:
Mrs P Chivers
Director
Company registration number:
04457981
Tick Tock Day Nursery Ltd.
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
134 Halesowen Road
,
Old Hill
,
Cradley Heath
,
West Midlands
,
B64 5LS
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% reducing balance
Office equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Land and buildings
25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the entity will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
19
(2023:
23.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 May 2023
232,285
 
98,997
 
331,282
 
Additions
220
 
1,023
 
1,243
 
At
30 April 2024
232,505
 
100,020
 
332,525
 
Depreciation      
At
1 May 2023
213,089
 
88,769
 
301,858
 
Charge
4,854
 
3,315
 
8,169
 
At
30 April 2024
217,943
 
92,084
 
310,027
 
Carrying amount      
At
30 April 2024
14,562
 
7,936
 
22,498
 
At 30 April 2023
19,196
 
10,228
 
29,424
 

6 Debtors

20242023
££
Trade debtors
77
 
2,698
 
Other debtors
23,453
 
23,453
 
23,530
 
26,151
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
16,003
 
21,210
 
Trade creditors
42,900
 
28,632
 
Taxation and social security
2,348
 
7,924
 
Other creditors
81,661
 
26,871
 
142,912
 
84,637
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
17,139
 
45,922
 
Other creditors
24,451
  -  
41,590
 
45,922