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REGISTERED NUMBER: 07253356 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

Goldfinch Childcare Limited

Goldfinch Childcare Limited (Registered number: 07253356)

Contents of the Financial Statements
for the year ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

Goldfinch Childcare Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: Mrs V Wain





SECRETARY: Mr T Wain





REGISTERED OFFICE: Goldfinch Farm
Ford Road
Herne Bay
Kent
CT6 7AD





REGISTERED NUMBER: 07253356 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Goldfinch Childcare Limited (Registered number: 07253356)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,431 58,553

CURRENT ASSETS
Debtors 5 10,729 4,698
Cash at bank 38,169 36,052
48,898 40,750
CREDITORS
Amounts falling due within one year 6 55,120 37,553
NET CURRENT (LIABILITIES)/ASSETS (6,222 ) 3,197
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,209

61,750

CREDITORS
Amounts falling due after more than one
year

7

38,411

22,534
NET ASSETS 51,798 39,216

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 51,698 39,116
SHAREHOLDERS' FUNDS 51,798 39,216

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

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

Goldfinch Childcare Limited (Registered number: 07253356)

Balance Sheet - continued
31 May 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 5 December 2024 and were signed by:





Mrs V Wain - Director


Goldfinch Childcare Limited (Registered number: 07253356)

Notes to the Financial Statements
for the year ended 31 May 2024


1. STATUTORY INFORMATION

Goldfinch Childcare Limited 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.

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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

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.

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 35 (2023 - 26 ) .

Goldfinch Childcare Limited (Registered number: 07253356)

Notes to the Financial Statements - continued
for the year ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 121,309
Additions 57,306
At 31 May 2024 178,615
DEPRECIATION
At 1 June 2023 62,756
Charge for year 19,428
At 31 May 2024 82,184
NET BOOK VALUE
At 31 May 2024 96,431
At 31 May 2023 58,553

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,729 4,698

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,800 7,200
Hire purchase contracts 5,423 5,423
Trade creditors 807 -
Tax 30,741 19,855
Pensions liability 1,165 947
PAYE/NIC liability - 3,046
Directors' current accounts 1,043 3
Accrued expenses 1,141 1,079
55,120 37,553

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 14,800 7,200
Bank loans - 2-5 years 20,900 7,200
Hire purchase contracts 2,711 8,134
38,411 22,534

Accountants' Report to the Director
on the Unaudited Financial Statements of
Goldfinch Childcare 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 Goldfinch Childcare Limited for the year ended 31 May 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.

This report is made solely to the director of Goldfinch Childcare Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Goldfinch Childcare Limited and state those matters that we have agreed to state to the director of Goldfinch Childcare Limited in this report. 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 Goldfinch Childcare 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 Goldfinch Childcare Limited. You consider that Goldfinch Childcare 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 Goldfinch Childcare 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.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


6 December 2024