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REGISTERED NUMBER: NI677775 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

SAFE & SOUND DAYCARE NURSERIES LTD

SAFE & SOUND DAYCARE NURSERIES LTD (REGISTERED NUMBER: NI677775)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SAFE & SOUND DAYCARE NURSERIES LTD

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs Angeline Quinn
Mr John Quinn





REGISTERED OFFICE: 43 Crabtree Road
Ballynahinch
Co. Down
BT24 8RH





REGISTERED NUMBER: NI677775 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St Patricks Avenue
Downpatrick
Co. Down
BT30 6DS

SAFE & SOUND DAYCARE NURSERIES LTD (REGISTERED NUMBER: NI677775)

Abridged Balance Sheet
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 350,000 400,000
Tangible assets 5 1,410,987 1,405,123
1,760,987 1,805,123

CURRENT ASSETS
Debtors 10,812 5,399
Cash at bank 390,570 266,045
401,382 271,444
CREDITORS
Amounts falling due within one year 157,773 197,896
NET CURRENT ASSETS 243,609 73,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,004,596

1,878,671

CREDITORS
Amounts falling due after more than one
year

6

(1,430,000

)

(1,500,000

)

PROVISIONS FOR LIABILITIES 8 (10,502 ) (7,404 )
NET ASSETS 564,094 371,267

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 563,994 371,167
564,094 371,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SAFE & SOUND DAYCARE NURSERIES LTD (REGISTERED NUMBER: NI677775)

Abridged Balance Sheet - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 December 2024 and were signed on its behalf by:




Mrs Angeline Quinn - Director



Mr John Quinn - Director


SAFE & SOUND DAYCARE NURSERIES LTD (REGISTERED NUMBER: NI677775)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Safe & Sound Daycare Nurseries Ltd is a private company, limited by shares , registered in Northern Ireland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being 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 - 20% on cost and 15% 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 48 ) .

SAFE & SOUND DAYCARE NURSERIES LTD (REGISTERED NUMBER: NI677775)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 500,000
AMORTISATION
At 1 July 2023 100,000
Amortisation for year 50,000
At 30 June 2024 150,000
NET BOOK VALUE

At 30 June 2024 350,000
At 30 June 2023 400,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 1,433,450
Additions 18,681
Disposals (475 )
At 30 June 2024 1,451,656
DEPRECIATION
At 1 July 2023 28,327
Charge for year 12,513
Eliminated on disposal (171 )
At 30 June 2024 40,669
NET BOOK VALUE
At 30 June 2024 1,410,987
At 30 June 2023 1,405,123

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30/6/24 30/6/23
£    £   
Repayable otherwise than by instalments
Preference shares 1,430,000 1,500,000

SAFE & SOUND DAYCARE NURSERIES LTD (REGISTERED NUMBER: NI677775)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. LOANS

An analysis of the maturity of loans is given below:

30/6/24 30/6/23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Preference shares 1,430,000 1,500,000

8. PROVISIONS FOR LIABILITIES
30/6/24 30/6/23
£    £   
Deferred tax 10,502 7,404

Deferred
tax
£   
Balance at 1 July 2023 7,404
Provided during year 3,098
Balance at 30 June 2024 10,502

9. RELATED PARTY DISCLOSURES

The Company was under the control of Angeline and John Quinn throughout the period.

Angeline and John Quinn are considered to be the Ultimate Controlling Parties.