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REGISTERED NUMBER: 03204227 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 May 2024

for

Fisherfield Childcare Ltd

Fisherfield Childcare Ltd (Registered number: 03204227)






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


Fisherfield Childcare Ltd

Company Information
For The Year Ended 31 May 2024







DIRECTORS: Mrs N MacGill
Mr D MacGill





REGISTERED OFFICE: Fisherfield Childcare Ltd
Derby Street
Heywood
Rochdale
OL10 4QJ





REGISTERED NUMBER: 03204227 (England and Wales)





ACCOUNTANTS: Fact3
3 Hardman Square
Spinningfields
Manchester
M3 3EB

Fisherfield Childcare Ltd (Registered number: 03204227)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,913 -
Tangible assets 5 68,576 81,962
71,489 81,962

CURRENT ASSETS
Debtors 6 361,105 1,608,341
Cash at bank 1,035,904 807,802
1,397,009 2,416,143
CREDITORS
Amounts falling due within one year 7 190,391 189,992
NET CURRENT ASSETS 1,206,618 2,226,151
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,278,107

2,308,113

CREDITORS
Amounts falling due after more than one
year

8

(5,332

)

(13,332

)

PROVISIONS FOR LIABILITIES (11,969 ) (11,691 )
NET ASSETS 1,260,806 2,283,090

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,260,804 2,283,088
SHAREHOLDERS' FUNDS 1,260,806 2,283,090

Fisherfield Childcare Ltd (Registered number: 03204227)

Balance Sheet - continued
31 May 2024


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 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.

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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





Mr D MacGill - Director


Fisherfield Childcare Ltd (Registered number: 03204227)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Fisherfield Childcare Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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.

Website Improvements are being amortised evenly over their estimated useful life of four years.

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

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.

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.

Fisherfield Childcare Ltd (Registered number: 03204227)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company holds or issues financial instruments in order to finance its operations. Various financial instruments, for example trade debtors and creditors, arise directly from the company's operations.
Transactions involving financial instruments result in the Company assuming or transferring to another party one or more of the following financial risks:-

Liquidity risk
The Company manages its cash and borrowing requirements in order to minimise interest expense, whilst ensuring the company has sufficient liquid resources to meet the operating needs of the business. Cash flows are forecast and monitored on a regular basis.

Credit risk
Trade debtors are monitored on an ongoing basis and provision is made against doubtful debts for the proportion of the debts which are considered to be irrecoverable. Bad debts are written off at the point where the probability of a recovery becomes unlikely. Exposure to credit risk is limited by the monitoring of customer risk profiles using both internal and external sources. Appropriate action is taken with customers to limit the associated credit risks where a change in risk is identified.

Going concern
The financial statements have been prepared on a going concern basis.

Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to the Statement of income and retained earnings at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 91 (2023 - 87 ) .

Fisherfield Childcare Ltd (Registered number: 03204227)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023 105,000 23,279 128,279
Additions - 3,680 3,680
At 31 May 2024 105,000 26,959 131,959
AMORTISATION
At 1 June 2023 105,000 23,279 128,279
Charge for year - 767 767
At 31 May 2024 105,000 24,046 129,046
NET BOOK VALUE
At 31 May 2024 - 2,913 2,913
At 31 May 2023 - - -

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold and Motor Computer
premises fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 168,989 220,051 39,998 148,346 577,384
Additions 1,130 10,810 - 11,579 23,519
At 31 May 2024 170,119 230,861 39,998 159,925 600,903
DEPRECIATION
At 1 June 2023 151,975 192,874 31,898 118,675 495,422
Charge for year 12,443 8,116 8,100 8,246 36,905
At 31 May 2024 164,418 200,990 39,998 126,921 532,327
NET BOOK VALUE
At 31 May 2024 5,701 29,871 - 33,004 68,576
At 31 May 2023 17,014 27,177 8,100 29,671 81,962

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 361,105 1,608,341

Fisherfield Childcare Ltd (Registered number: 03204227)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 35,368 36,659
Tax 100,508 75,660
Social security and other taxes 37,477 37,896
Hire purchase 8,001 8,001
Directors' current accounts 40 -
Accruals and deferred income 8,997 31,776
190,391 189,992

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire Purchase 5,332 13,332

9. RELATED PARTY DISCLOSURES

Rent of £30,837 (2023: £30,837) was paid to the Directors during the year for premises owned by them personally.

At 31 May 2024, the amount due to the Directors by the Company £40 (2023: due to the Company £1,207,848).

The Directors were paid dividends of £1,312,360 (2023: £110,408) during the year.

10. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by the directors.