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REGISTERED NUMBER: SC368637 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ace Place Childcare Services Limited

Ace Place Childcare Services Limited (Registered number: SC368637)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Ace Place Childcare Services Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: A. Harkin





SECRETARY: A. Harkin





REGISTERED OFFICE: 88 Blairbeth Road
Burnside
Glasgow
South Lanarkshire
G73 4JA





REGISTERED NUMBER: SC368637 (Scotland)





ACCOUNTANTS: Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE

Ace Place Childcare Services Limited (Registered number: SC368637)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 520,439 568,778

CURRENT ASSETS
Stocks 2,700 1,660
Debtors 5 33,731 113,148
Cash at bank and in hand 175,942 128,918
212,373 243,726
CREDITORS
Amounts falling due within one year 6 201,960 165,042
NET CURRENT ASSETS 10,413 78,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,852

647,462

CREDITORS
Amounts falling due after more than one year 7 (48,057 ) (120,221 )

PROVISIONS FOR LIABILITIES 8 (4,211 ) (8,728 )
NET ASSETS 478,584 518,513

CAPITAL AND RESERVES
Called up share capital 100 100
Property revaluation reserve 9 119,768 119,768
Retained earnings 358,716 398,645
478,584 518,513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Ace Place Childcare Services Limited (Registered number: SC368637)

Balance Sheet - continued
30 April 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 director and authorised for issue on 17 December 2024 and were signed by:





A. Harkin - Director


Ace Place Childcare Services Limited (Registered number: SC368637)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ace Place Childcare Services Limited is a private company, limited by shares , registered in Scotland. 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.

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

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 - 10% on cost and 2.5% Straight line over
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

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 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.

Ace Place Childcare Services Limited (Registered number: SC368637)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 64 (2023 - 67 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 744,720 136,640 63,536 1,098 945,994
Additions - - - 1,469 1,469
Disposals (81,626 ) (3,678 ) (63,536 ) (1,098 ) (149,938 )
At 30 April 2024 663,094 132,962 - 1,469 797,525
DEPRECIATION
At 1 May 2023 221,876 104,313 51,027 - 377,216
Charge for year 26,136 6,722 1,300 294 34,452
Eliminated on disposal (81,626 ) (629 ) (52,327 ) - (134,582 )
At 30 April 2024 166,386 110,406 - 294 277,086
NET BOOK VALUE
At 30 April 2024 496,708 22,556 - 1,175 520,439
At 30 April 2023 522,844 32,327 12,509 1,098 568,778

Cost or valuation at 30 April 2024 is represented by:

Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
Valuation in 2021 119,768 - - 119,768
Cost 543,326 132,962 1,469 677,757
663,094 132,962 1,469 797,525

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,790 2,604
Other debtors 31,941 110,544
33,731 113,148

Ace Place Childcare Services Limited (Registered number: SC368637)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 64,399 80,513
Other creditors 137,561 84,529
201,960 165,042

The other loan is secured by a personal guarantee from A Harkin, the director.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 48,057 120,221

The other loan is secured by a personal guarantee from A Harkin, the director.

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 4,211 8,728

Deferred
tax
£   
Balance at 1 May 2023 8,728
Unused amounts reversed during year (4,517 )
Deferred Tax
Balance at 30 April 2024 4,211

9. RESERVES
Property
revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 119,768

Ace Place Childcare Services Limited (Registered number: SC368637)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
A. Harkin
Balance outstanding at start of year - -
Amounts advanced 3,712 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,712 -

Loan was granted on an interest free basis and repaid within 9 months.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Ace Place Childcare Services Limited

The following reproduces the text of the report prepared for the director 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 Director 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 Ace Place Childcare Services Limited for the year ended 30 April 2024 which comprise the Income Statement, 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Ace Place Childcare Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ace Place Childcare Services Limited and state those matters that we have agreed to state to the director of Ace Place Childcare Services Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ace Place Childcare Services 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 profit of Ace Place Childcare Services Limited. You consider that Ace Place Childcare Services 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 Ace Place Childcare Services 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.






Key Professional Partnership Ltd
Unit 3
Morris Park
37 Rosyth Road
Glasgow
G5 0YE


Date: .............................................