PAYG CHILDCARE LTD

Company Registration Number:
12331215 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2022

Period of accounts

Start date: 1 December 2021

End date: 30 November 2022

PAYG CHILDCARE LTD

Contents of the Financial Statements

for the Period Ended 30 November 2022

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

PAYG CHILDCARE LTD

Profit And Loss Account

for the Period Ended 30 November 2022

2022 2021


£

£
Turnover: 200,000 120,000
Cost of sales: ( 90,000 ) ( 50,000 )
Gross profit(or loss): 110,000 70,000
Distribution costs: ( 29,000 ) ( 23,400 )
Administrative expenses: ( 4,470 ) ( 3,000 )
Other operating income: 4,000 5,000
Operating profit(or loss): 80,530 48,600
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 13,200 ) ( 13,200 )
Profit(or loss) before tax: 67,330 35,400
Tax: ( 26,932 ) ( 6,726 )
Profit(or loss) for the financial year: 40,398 28,674

PAYG CHILDCARE LTD

Balance sheet

As at 30 November 2022

Notes 2022 2021


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 40,000 40,000
Tangible assets: 4 128,800 137,700
Investments:   0 0
Total fixed assets: 168,800 177,700
Current assets
Stocks: 5 48,000 20,000
Debtors: 6 6,500 5,000
Cash at bank and in hand: 15,000 13,000
Investments:   0 0
Total current assets: 69,500 38,000
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 50,000 ) ( 40,000 )
Net current assets (liabilities): 19,500 (2,000)
Total assets less current liabilities: 188,300 175,700
Creditors: amounts falling due after more than one year: 8 ( 61,070 ) ( 82,670 )
Provision for liabilities: 0 0
Accruals and deferred income: ( 8,556 ) ( 3,030 )
Total net assets (liabilities): 118,674 90,000
Capital and reserves
Called up share capital: 60,000 60,000
Share premium account: 0 0
Other reserves: 18,276 1,326
Profit and loss account: 40,398 28,674
Total Shareholders' funds: 118,674 90,000

The notes form part of these financial statements

PAYG CHILDCARE LTD

Balance sheet statements

For the year ending 30 November 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 23 March 2025
and signed on behalf of the board by:

Name: Nomzamo Sibanda
Status: Director

The notes form part of these financial statements

PAYG CHILDCARE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Straight line method over useful life

PAYG CHILDCARE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 15 9

PAYG CHILDCARE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 December 2021 0 40,000 40,000
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 30 November 2022 0 40,000 40,000
Amortisation
At 1 December 2021 0 0 0
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0
At 30 November 2022 0 0 0
Net book value
At 30 November 2022 0 40,000 40,000
At 30 November 2021 0 40,000 40,000

PAYG CHILDCARE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2021 150,000 0 0 0 5,000 155,000
Additions 0 0 0 0 0 0
Disposals 0 0 0 0 0 0
Revaluations 0 0 0 0 0 0
Transfers 0 0 0 0 0 0
At 30 November 2022 150,000 0 0 0 5,000 155,000
Depreciation
At 1 December 2021 16,800 0 0 0 500 17,300
Charge for year 0 0 0 0 0 0
On disposals 0 0 0 0 0
Other adjustments 8,400 0 0 0 500 8,900
At 30 November 2022 25,200 0 0 0 1,000 26,200
Net book value
At 30 November 2022 124,800 0 0 0 4,000 128,800
At 30 November 2021 133,200 0 0 0 4,500 137,700

PAYG CHILDCARE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

5. Stocks

2022 2021
£ £
Stocks 30,000 16,000
Payments on account 18,000 4,000
Total 48,000 20,000

PAYG CHILDCARE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

6. Debtors

2022 2021
£ £
Trade debtors 6,500 5,000
Prepayments and accrued income 0 0
Other debtors 0 0
Total 6,500 5,000
Debtors due after more than one year: 0 0

PAYG CHILDCARE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

7. Creditors: amounts falling due within one year note

2022 2021
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 50,000 40,000
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 0 0
Total 50,000 40,000

PAYG CHILDCARE LTD

Notes to the Financial Statements

for the Period Ended 30 November 2022

8. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 16,800 30,000
Amounts due under finance leases and hire purchase contracts 24,270 32,670
Other creditors 20,000 20,000
Total 61,070 82,670