Registered number
14386531
Early Years Concepts Limited
Filleted Accounts
31 August 2024
Early Years Concepts Limited
Registered number: 14386531
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 793,176 -
Current assets
Debtors 4 24 16
Cash at bank and in hand 22,460 16,877
22,484 16,893
Creditors: amounts falling due within one year 5 (4,497) (5,975)
Net current assets 17,987 10,918
Total assets less current liabilities 811,163 10,918
Creditors: amounts falling due after more than one year 6 (795,176) -
Net assets 15,987 10,918
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 14,987 9,918
Shareholders' funds 15,987 10,918
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Johnson
Director
Approved by the board on 8 January 2025
Early Years Concepts Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 793,176
At 31 August 2024 793,176
4 Debtors 2024 2023
£ £
Other debtors 24 16
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,189 2,358
Other creditors 3,308 3,617
4,497 5,975
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 795,176 -
7 Related party transactions
The directors have loaned £795,176, interest free, to the company.
7 Reporting period
The financial statements are presented for an 11 month period as the accounting period was changed to match a new subsidiary. Therefore comparative amounts presented in the financial statements, including the related notes, are not entirely comparable.
8 Other information
Early Years Concepts Limited is a private company limited by shares and incorporated in England. Its registered office is:
Little Learners Nursery
Booth Lane
Middlewich
England
CW10 0JL
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