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REGISTERED NUMBER: 04615577 (England and Wales)















ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED (REGISTERED NUMBER: 04615577)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mrs E L Catton
D P Hateley





SECRETARY: Mrs E L Catton





REGISTERED OFFICE: C/o ABC Early Learning & Childcare
Wolverhampton Business Park
Brabourne Avenue
Wolverhampton
West Midlands
WV10 6AU





REGISTERED NUMBER: 04615577 (England and Wales)





ACCOUNTANTS: Keystone Business Advisers Limited
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW

ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED (REGISTERED NUMBER: 04615577)

BALANCE SHEET
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,879,350 3,927,424

CURRENT ASSETS
Stocks 2,225 2,460
Debtors 5 41,184 66,423
Cash at bank 187,649 245,043
231,058 313,926
CREDITORS
Amounts falling due within one year 6 272,214 335,766
NET CURRENT LIABILITIES (41,156 ) (21,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,838,194

3,905,584

CREDITORS
Amounts falling due after more than one
year

7

(1,407,338

)

(1,472,719

)

PROVISIONS FOR LIABILITIES (166,050 ) (166,000 )
NET ASSETS 2,264,806 2,266,865

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Fair value revaluation reserve 9 681,531 681,531
Retained earnings 9 1,582,275 1,584,334
SHAREHOLDERS' FUNDS 2,264,806 2,266,865

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.

ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED (REGISTERED NUMBER: 04615577)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 October 2024 and were signed on its behalf by:





Mrs E L Catton - Director


ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED (REGISTERED NUMBER: 04615577)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

ABC Early Learning & Childcare Centre UK 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 as modified by the revaluation of certain assets.

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 £.

Significant judgements and estimates
Freehold Properties

The value of the properties is assessed by the directors or an independent property valuation specialist at each reporting date using publicly available market evidence comprising primarily of values of comparable properties in the area and national market statistics. However, it is inherently difficult to assess the true market value of the properties without actively marketing the properties for sale.

Turnover
Turnover represents invoiced sales of services.

Turnover is measured at the fair value of the consideration received or receivable and recognised once relevant services have been rendered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Improvements to property - 2% on cost
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on reducing balance

The loss or gain 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 charged or credited to the profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.


ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED (REGISTERED NUMBER: 04615577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognised criteria are satisfied is recognised as a liability.

Pension costs and other post-retirement benefits
Payments to defined contribution schemes are charged as an expense as they fall due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 67 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 3,867,994 160,739 272,143 44,721 4,345,597
DEPRECIATION
At 1 April 2023 173,954 15,255 189,798 39,166 418,173
Charge for year 34,791 3,215 8,235 1,833 48,074
At 31 March 2024 208,745 18,470 198,033 40,999 466,247
NET BOOK VALUE
At 31 March 2024 3,659,249 142,269 74,110 3,722 3,879,350
At 31 March 2023 3,694,040 145,484 82,345 5,555 3,927,424

ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED (REGISTERED NUMBER: 04615577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Included in cost or valuation of land and buildings is freehold land of £ 388,905 (2023 - £ 388,905 ) which is not depreciated.

The freehold property fair value was based on a valuation by either the directors, having used publicly available market evidence to assess the current market value or is based on a valuation by an external, independent valuer, having an appropriate recognised professional qualification and recent experience in the location and class of property being valued.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 5,276 3,385
Other debtors 35,908 63,038
41,184 66,423

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 88,484 88,484
Trade creditors 23,429 19,669
Taxation and social security 29,635 38,362
Other creditors 130,666 189,251
272,214 335,766

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans 1,407,338 1,472,719

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 1,053,401 1,118,782

The bank loans have been secured by a fixed and floating charge over the company's property and assets present and future.

ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED (REGISTERED NUMBER: 04615577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
500 Ordinary A shares £1 500 500
500 Ordinary B shares £1 500 500
1,000 1,000

9. RESERVES
Fair
value
Retained revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 1,584,334 681,531 2,265,865
Deficit for the year (2,059 ) (2,059 )
At 31 March 2024 1,582,275 681,531 2,263,806

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ABC EARLY LEARNING & CHILDCARE CENTRE UK
LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ABC Early Learning & Childcare Centre UK Limited for the year ended 31 March 2024 which comprise the Profit & Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of ABC Early Learning & Childcare Centre UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ABC Early Learning & Childcare Centre UK Limited and state those matters that we have agreed to state to the Board of Directors of ABC Early Learning & Childcare Centre UK Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ABC Early Learning & Childcare Centre UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ABC Early Learning & Childcare Centre UK Limited. You consider that ABC Early Learning & Childcare Centre UK 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 financial statements of ABC Early Learning & Childcare Centre UK 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 financial statements.






Keystone Business Advisers Limited
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW


28 October 2024