Creche Out Limited 06299048 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is creche services. Digita Accounts Production Advanced 6.30.9574.0 true true 06299048 2023-08-01 2024-07-31 06299048 2024-07-31 06299048 bus:Director2 1 2024-07-31 06299048 core:CurrentFinancialInstruments 2024-07-31 06299048 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 06299048 core:Non-currentFinancialInstruments 2024-07-31 06299048 core:Non-currentFinancialInstruments core:AfterOneYear 2024-07-31 06299048 core:Goodwill 2024-07-31 06299048 core:FurnitureFittings 2024-07-31 06299048 core:OfficeEquipment 2024-07-31 06299048 bus:SmallEntities 2023-08-01 2024-07-31 06299048 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06299048 bus:FilletedAccounts 2023-08-01 2024-07-31 06299048 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 06299048 bus:RegisteredOffice 2023-08-01 2024-07-31 06299048 bus:Director1 2023-08-01 2024-07-31 06299048 bus:Director2 2023-08-01 2024-07-31 06299048 bus:Director2 1 2023-08-01 2024-07-31 06299048 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06299048 core:Goodwill 2023-08-01 2024-07-31 06299048 core:FurnitureFittings 2023-08-01 2024-07-31 06299048 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 06299048 core:OfficeEquipment 2023-08-01 2024-07-31 06299048 countries:EnglandWales 2023-08-01 2024-07-31 06299048 2023-07-31 06299048 bus:Director2 1 2023-07-31 06299048 core:Goodwill 2023-07-31 06299048 core:FurnitureFittings 2023-07-31 06299048 core:OfficeEquipment 2023-07-31 06299048 2022-08-01 2023-07-31 06299048 2023-07-31 06299048 core:CurrentFinancialInstruments 2023-07-31 06299048 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 06299048 core:Non-currentFinancialInstruments 2023-07-31 06299048 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 06299048 core:FurnitureFittings 2023-07-31 06299048 core:OfficeEquipment 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 06299048

Creche Out Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Creche Out Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 7

 

Creche Out Limited

(Registration number: 06299048)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,170

1,618

Current assets

 

Debtors

6

49,669

77,000

Cash at bank and in hand

 

2

5,079

 

49,671

82,079

Creditors: Amounts falling due within one year

7

(92,788)

(108,816)

Net current liabilities

 

(43,117)

(26,737)

Total assets less current liabilities

 

(41,947)

(25,119)

Creditors: Amounts falling due after more than one year

7

(15,050)

(17,943)

Net liabilities

 

(56,997)

(43,062)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(57,097)

(43,162)

Shareholders' deficit

 

(56,997)

(43,062)

 

Creche Out Limited

(Registration number: 06299048)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 April 2025 and signed on its behalf by:
 

.........................................
J Rios
Director

.........................................
N S Alexander
Director

 

Creche Out Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is dependent on the continued financial support of the directors. The directors have a reasonable expectation that this financial support will not be withdrawn for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of creche services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Creche Out Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.3% straight line basis

Fixtures and fittings

33.3% straight line basis

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for creche services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Creche Out Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 August 2023

17,550

17,550

At 31 July 2024

17,550

17,550

Amortisation

At 1 August 2023

17,550

17,550

At 31 July 2024

17,550

17,550

Carrying amount

At 31 July 2024

-

-

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 August 2023

3,243

1,558

4,801

At 31 July 2024

3,243

1,558

4,801

Depreciation

At 1 August 2023

1,996

1,187

3,183

Charge for the year

291

157

448

At 31 July 2024

2,287

1,344

3,631

Carrying amount

At 31 July 2024

956

214

1,170

At 31 July 2023

1,247

371

1,618

 

Creche Out Limited

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

6

Debtors

Current

2024
£

2023
£

Trade debtors

33,669

39,800

Prepayments

13,846

33,150

Other debtors

2,154

4,050

 

49,669

77,000

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,283

2,822

Trade creditors

 

16,523

5,810

Taxation and social security

 

10,341

12,292

Other creditors

 

55,641

87,892

 

92,788

108,816

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

15,050

17,943

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

2,894

2,822

Bank overdrafts

7,389

-

10,283

2,822

 

Creche Out Limited

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

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

15,050

17,943

9

Related party transactions

Transactions with directors

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

N S Alexander

Directors loan account

(98)

142

(251)

(207)

Summary of transactions with other related parties

Little Leaps Learning Academy Inc, a company based in Iowa, USA, was connected to Creche Out Limited through common controlt. At the end of the financial year, Creche Out Limited owed £15,374 to Little Leaps Learning Academy Inc (2023: £15,374).