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REGISTERED NUMBER: 07433113 (England and Wales)








Financial Statements for the Year Ended 30 June 2024

for

Cherish Childrens Care Ltd

Cherish Childrens Care Ltd (Registered number: 07433113)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cherish Childrens Care Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs W M Watson
P Watson





REGISTERED OFFICE: 17-19 Park Street
Lytham
Lancashire
FY8 5LU





REGISTERED NUMBER: 07433113 (England and Wales)





AUDITORS: Crossley & Davis Chartered Accountants
Ground Floor Seneca House
Links Point
Amy Johnson Way
Blackpool
Lancashire
FY4 2FF

Cherish Childrens Care Ltd (Registered number: 07433113)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 267,917 162,835

CURRENT ASSETS
Debtors 5 835,736 748,663
Cash at bank and in hand 463,769 45,904
1,299,505 794,567
CREDITORS
Amounts falling due within one year 6 375,808 250,693
NET CURRENT ASSETS 923,697 543,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,191,614

706,709

PROVISIONS FOR LIABILITIES 13,428 9,801
NET ASSETS 1,178,186 696,908

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,178,086 696,808
SHAREHOLDERS' FUNDS 1,178,186 696,908

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 Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:





P Watson - Director


Cherish Childrens Care Ltd (Registered number: 07433113)

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

1. STATUTORY INFORMATION

Cherish Childrens Care 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.

The parent of the largest and smallest group in which these financial statements are consolidated is Cherish Holdings Limited, incorporated in England and Wales.

The address of Cherish Holdings Limited is:
19 Park Street
Lytham St. Annes
Lancashire
United Kingdom,
FY8 5LU

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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance

A full year's depreciation is charged in the year of purchase.

Financial instruments
The following assets and liabilities are classified as financial instruments -trade debtors, trade creditors, bank loans and directors' loans.

Bank Loans are initially measured at the present value of future payments,
discounted at a market rate of interest, and subsequently at amortised cost
using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.

Cherish Childrens Care Ltd (Registered number: 07433113)

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

2. 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.

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 52 (2023 - 36 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 144,173 102,718 246,891
Additions 100,260 69,376 169,636
Disposals - (27,944 ) (27,944 )
At 30 June 2024 244,433 144,150 388,583
DEPRECIATION
At 1 July 2023 24,463 59,593 84,056
Charge for year 24,443 28,125 52,568
Eliminated on disposal - (15,958 ) (15,958 )
At 30 June 2024 48,906 71,760 120,666
NET BOOK VALUE
At 30 June 2024 195,527 72,390 267,917
At 30 June 2023 119,710 43,125 162,835

Cherish Childrens Care Ltd (Registered number: 07433113)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,694 45,738
Amounts owed by group undertakings 747,919 677,635
Other debtors 3,067 -
Prepayments 40,056 25,290
835,736 748,663

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32,727 34,468
Trade creditors 30,976 4,089
Tax 166,303 94,062
Social security and other taxes 33,578 25,588
Other creditors 2,197 18,032
Accruals and deferred income 110,027 74,454
375,808 250,693

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Commercial finance 32,727 34,468

Lloyds have debentures, secured by way of fixed and floating charges over all of the property or undertaking of the company".

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr P Swarbrick (Senior Statutory Auditor)
for and on behalf of Crossley & Davis Chartered Accountants

10. OTHER FINANCIAL COMMITMENTS

The company had total commitments under operating leases of £1,338,500 at the year end.