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REGISTERED NUMBER: 05908139 (England and Wales)







Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Desirable Childcare Ltd

Desirable Childcare Ltd (Registered number: 05908139)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Desirable Childcare Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs Nicola Ruth Edwards
Mr Kevin Philip Edwards





REGISTERED OFFICE: Giggles Nursey
Springbank Community Resource Centre
Springbank Way
Cheltenham
GL51 0LG





REGISTERED NUMBER: 05908139 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Desirable Childcare Ltd (Registered number: 05908139)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,934 6,880

CURRENT ASSETS
Debtors 5 62,954 115,814
Cash at bank and in hand 7,109 5,524
70,063 121,338
CREDITORS
Amounts falling due within one year 6 (52,914 ) (113,487 )
NET CURRENT ASSETS 17,149 7,851
TOTAL ASSETS LESS CURRENT LIABILITIES 19,083 14,731

PROVISIONS FOR LIABILITIES (484 ) (1,307 )
NET ASSETS 18,599 13,424

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 18,499 13,324
SHAREHOLDERS' FUNDS 18,599 13,424

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Desirable Childcare Ltd (Registered number: 05908139)

Balance Sheet - continued
29 February 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 5 November 2024 and were signed on its behalf by:




Mrs Nicky Edwards - Director



Mr Kevin Phillip Edwards - Director


Desirable Childcare Ltd (Registered number: 05908139)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Desirable Childcare Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents total invoiced sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost and 15% on reducing balance
Computer equipment - 33.33% on cost

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

Desirable Childcare Ltd (Registered number: 05908139)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 31,913 7,865 39,778
Disposals (25,559 ) (7,865 ) (33,424 )
At 29 February 2024 6,354 - 6,354
DEPRECIATION
At 1 March 2023 25,033 7,865 32,898
Charge for year 1,822 - 1,822
Eliminated on disposal (22,435 ) (7,865 ) (30,300 )
At 29 February 2024 4,420 - 4,420
NET BOOK VALUE
At 29 February 2024 1,934 - 1,934
At 28 February 2023 6,880 - 6,880

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 757 49,224
Amounts owed by group undertakings 62,197 66,590
62,954 115,814

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Tax 9,010 27,187
Social security and other taxes 3,669 3,225
Other creditors 36,935 80,325
Accrued expenses 3,300 2,750
52,914 113,487

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is NEFE Ltd, who own 100% of issued share capital.