Company Registration No. 09749467 (England and Wales)
Precious Kids Childcare Ltd
Unaudited accounts
for the year ended 31 August 2024
Precious Kids Childcare Ltd
Unaudited accounts
Contents
Precious Kids Childcare Ltd
Company Information
for the year ended 31 August 2024
Directors
Olusola Fidelis Akinyemi
Bola Akinyemi
Company Number
09749467 (England and Wales)
Registered Office
322 MOSTON LANE
MANCHESTER
M40 9WB
ENGLAND
Precious Kids Childcare Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
109,643
131,538
Cash at bank and in hand
37,926
51,981
Creditors: amounts falling due within one year
(60,176)
(51,445)
Net current assets
134,002
136,699
Net assets
243,645
268,237
Called up share capital
100
100
Profit and loss account
243,545
268,137
Shareholders' funds
243,645
268,237
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by
Olusola Fidelis Akinyemi
Director
Company Registration No. 09749467
Precious Kids Childcare Ltd
Notes to the Accounts
for the year ended 31 August 2024
Precious Kids Childcare Ltd is a private company, limited by shares, registered in England and Wales, registration number 09749467. The registered office is 322 MOSTON LANE, MANCHESTER, M40 9WB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
9,470
7,936
141,707
28,334
187,447
Additions
-
-
-
5,459
5,459
At 31 August 2024
9,470
7,936
141,707
33,793
192,906
At 1 September 2023
9,471
6,167
22,538
17,733
55,909
Charge for the year
-
663
23,618
3,073
27,354
At 31 August 2024
9,471
6,830
46,156
20,806
83,263
At 31 August 2024
(1)
1,106
95,551
12,987
109,643
At 31 August 2023
(1)
1,769
119,169
10,601
131,538
Precious Kids Childcare Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Accrued income and prepayments
4,093
4,093
Other debtors
152,159
132,070
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,444
520
Proposed dividends
52,400
-
Loans from directors
825
50,648
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Average number of employees
During the year the average number of employees was 15 (2023: 17).