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REGISTERED NUMBER: 06568559 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2024

for

TENDER YEARS DAY NURSERY (NORTH WEST)
LTD

TENDER YEARS DAY NURSERY (NORTH WEST)
LTD (REGISTERED NUMBER: 06568559)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TENDER YEARS DAY NURSERY (NORTH WEST)
LTD

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Mr M Critchley
Mrs R V Critchley





REGISTERED OFFICE: 74 New Hall Lane
Heaton
Bolton
Lancashire
BL1 5HQ





REGISTERED NUMBER: 06568559 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

TENDER YEARS DAY NURSERY (NORTH WEST)
LTD (REGISTERED NUMBER: 06568559)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 13,181 16,145
13,181 16,145

CURRENT ASSETS
Stocks 1,040 840
Debtors 6 28,536 111,625
Cash at bank and in hand 135,321 45,023
164,897 157,488
CREDITORS
Amounts falling due within one year 7 138,980 123,773
NET CURRENT ASSETS 25,917 33,715
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,098

49,860

CREDITORS
Amounts falling due after more than one
year

8

-

(11,112

)

PROVISIONS FOR LIABILITIES (3,295 ) (3,392 )
NET ASSETS 35,803 35,356

CAPITAL AND RESERVES
Called up share capital 11 8 8
Retained earnings 35,795 35,348
SHAREHOLDERS' FUNDS 35,803 35,356

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

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

TENDER YEARS DAY NURSERY (NORTH WEST)
LTD (REGISTERED NUMBER: 06568559)

Balance Sheet - continued
31st July 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 Board of Directors and authorised for issue on 26th February 2025 and were signed on its behalf by:




Mr M Critchley - Director



Mrs R V Critchley - Director


TENDER YEARS DAY NURSERY (NORTH WEST)
LTD (REGISTERED NUMBER: 06568559)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

Tender Years Day Nursery (North West) 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for goods supplied and services rendered, stated net of discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

TENDER YEARS DAY NURSERY (NORTH WEST)
LTD (REGISTERED NUMBER: 06568559)

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

2. ACCOUNTING POLICIES - continued

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st August 2023
and 31st July 2024 44,000
AMORTISATION
At 1st August 2023
and 31st July 2024 44,000
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 -

TENDER YEARS DAY NURSERY (NORTH WEST)
LTD (REGISTERED NUMBER: 06568559)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st August 2023
and 31st July 2024 3,830 38,203 10,401 52,434
DEPRECIATION
At 1st August 2023 3,830 27,354 5,105 36,289
Charge for year - 2,170 794 2,964
At 31st July 2024 3,830 29,524 5,899 39,253
NET BOOK VALUE
At 31st July 2024 - 8,679 4,502 13,181
At 31st July 2023 - 10,849 5,296 16,145

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 186 213
Amounts owed by group undertakings 25,743 108,915
Prepayments and accrued income 2,607 2,497
28,536 111,625

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 11,112 13,333
Trade creditors 196 151
Tax 34,853 31,602
Social security and other taxes 2,122 1,692
Accrued expenses 90,697 76,995
138,980 123,773

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 1-2 years - 11,112

TENDER YEARS DAY NURSERY (NORTH WEST)
LTD (REGISTERED NUMBER: 06568559)

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

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.24 31.7.23
£    £   
Within one year 5,185 7,777
Between one and five years - 5,185
5,185 12,962

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 11,112 24,445

The Coronavirus Business Interruption Loan is provided under the standard terms of the CBIL scheme.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
8 Ordinary £1 8 8

12. RELATED PARTY DISCLOSURES

At the 31st July 2024 the company was owed £57 by a connected company MRC Properties (NW) Ltd (2023: £57).

13. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of MRC (NW) Ltd. Mr M & Mrs R Critchley (directors) are considered to be the ultimate controlling party by virtue of their interest in 100% of the ordinary issued share capital of MRC (NW) Ltd.