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REGISTERED NUMBER: 12212225 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Stay N Play Day Care Ltd

Stay N Play Day Care Ltd (Registered number: 12212225)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Stay N Play Day Care Ltd (Registered number: 12212225)

Balance Sheet
31 August 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 5 595,498 599,119

Current assets
Debtors 6 43,108 25,783
Cash at bank and in hand 111,178 120,899
154,286 146,682
Creditors
Amounts falling due within one year 7 (127,516 ) (110,886 )
Net current assets 26,770 35,796
Total assets less current liabilities 622,268 634,915

Creditors
Amounts falling due after more than one
year

8

(442,508

)

(482,089

)

Provisions for liabilities (2,565 ) -
Net assets 177,195 152,826

Capital and reserves
Called up share capital 1 1
Retained earnings 177,194 152,825
177,195 152,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Stay N Play Day Care Ltd (Registered number: 12212225)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2025 and were signed by:





Mrs J Youngs - Director


Stay N Play Day Care Ltd (Registered number: 12212225)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. Statutory information

Stay N Play Day Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12212225

Registered office: East Coast House
Galahad Road
Gorleston
Great Yarmouth
Norfolk
NR31 7RU

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 15% on reducing balance

Freehold property is not depreciated.

Stay N Play Day Care Ltd (Registered number: 12212225)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Stay N Play Day Care Ltd (Registered number: 12212225)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


3. 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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

4. Employees and directors

The average number of employees during the year was 13 (2023 - 13 ) .

Stay N Play Day Care Ltd (Registered number: 12212225)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. Tangible fixed assets
Freehold Short Plant and
property leasehold machinery Totals
£ £ £ £
Cost
At 1 September 2023 588,864 1,102 17,359 607,325
Additions - - 1,739 1,739
Reclassification/transfer (4,268 ) 4,268 - -
At 31 August 2024 584,596 5,370 19,098 609,064
Depreciation
At 1 September 2023 537 1,102 6,567 8,206
Charge for year - 3,731 1,629 5,360
Reclassification/transfer (537 ) 537 - -
At 31 August 2024 - 5,370 8,196 13,566
Net book value
At 31 August 2024 584,596 - 10,902 595,498
At 31 August 2023 588,327 - 10,792 599,119

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 36,323 19,208
Other debtors 6,785 6,575
43,108 25,783

7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 14,354 14,062
Taxation and social security 38,721 23,384
Other creditors 74,441 73,440
127,516 110,886

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 342,508 357,089
Other creditors 100,000 125,000
442,508 482,089

Stay N Play Day Care Ltd (Registered number: 12212225)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


8. Creditors: amounts falling due after more than one year - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 270,737 286,781

The bank loan is secured on the freehold property of the company.