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REGISTERED NUMBER: 04687325 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

PRECIOUS TIMES CHILDCARE
SERVICES LIMITED

PRECIOUS TIMES CHILDCARE
SERVICES LIMITED (REGISTERED NUMBER: 04687325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PRECIOUS TIMES CHILDCARE
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mrs K L Francis





REGISTERED OFFICE: 26 Collingwood Crescent
Grimsby
N E Lincs
DN34 5RG





REGISTERED NUMBER: 04687325 (England and Wales)





ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL

PRECIOUS TIMES CHILDCARE
SERVICES LIMITED (REGISTERED NUMBER: 04687325)

ABRIDGED BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 43,841 19,470

CURRENT ASSETS
Debtors 5 7,785 8,355
Cash at bank and in hand 404,504 345,793
412,289 354,148
CREDITORS
Amounts falling due within one year 203,858 180,594
NET CURRENT ASSETS 208,431 173,554
TOTAL ASSETS LESS CURRENT
LIABILITIES

252,272

193,024

CREDITORS
Amounts falling due after more than one
year

(23,069

)

-

PROVISIONS FOR LIABILITIES (9,004 ) (3,699 )
NET ASSETS 220,199 189,325

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 100 100
Profit and loss account 220,099 189,225
SHAREHOLDERS' FUNDS 220,199 189,325

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

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

PRECIOUS TIMES CHILDCARE
SERVICES LIMITED (REGISTERED NUMBER: 04687325)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 31 March 2025 and were signed by:





Mrs K L Francis - Director


PRECIOUS TIMES CHILDCARE
SERVICES LIMITED (REGISTERED NUMBER: 04687325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Precious Times Childcare Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 for the provision of childcare services. The policies adopted for the recognition of turnover are as follows -

Fees from parents
Turnover for fees from parents is measured at the fair value of the consideration received or receivable for the provision of childcare services in the accounting period.

Nursery education funding
Nursery education funding is received for nursery places provided each academic term. The funding included in turnover is for the academic terms in the accounting period. Funding received in the accounting period for academic terms after the period end are carried forward in deferred grants.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Depreciation is provided on all tangible fixed assets at rates calculated to write off cost, less estimated residual value, of each asset on a systematic basis over their expected useful lives as follows -

Improvements to property- 20% and 17% on cost
Equipment- 20% on cost
Computer equipment- 33% on cost

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.

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.

PRECIOUS TIMES CHILDCARE
SERVICES LIMITED (REGISTERED NUMBER: 04687325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Grants
Grants receivable which relate to expenditure on fixed assets are treated as deferred income and released to the profit and loss account over the expected life of the related asset.

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 228,749
Additions 42,092
Disposals (4,890 )
At 31 July 2024 265,951
DEPRECIATION
At 1 August 2023 209,279
Charge for year 16,470
Eliminated on disposal (3,639 )
At 31 July 2024 222,110
NET BOOK VALUE
At 31 July 2024 43,841
At 31 July 2023 19,470

PRECIOUS TIMES CHILDCARE
SERVICES LIMITED (REGISTERED NUMBER: 04687325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 39,263
At 31 July 2024 39,263
DEPRECIATION
Charge for year 8,984
At 31 July 2024 8,984
NET BOOK VALUE
At 31 July 2024 30,279

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors - 2,400

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 3,677 -
Between one and five years 23,069 -
26,746 -

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 13,000 13,000
Between one and five years 52,000 52,000
In more than five years 161,417 174,417
226,417 239,417