Registered number
08835035
Daisy Chain Educational Services Limited
Filleted Accounts
31 January 2025
Daisy Chain Educational Services Limited
Registered number: 08835035
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 5,602 6,715
Current assets
Debtors 4 46,682 40,433
Cash at bank and in hand 77,299 81,618
123,981 122,051
Creditors: amounts falling due within one year 5 (46,231) (48,633)
Net current assets 77,750 73,418
Total assets less current liabilities 83,352 80,133
Provisions for liabilities (1,208) (1,088)
Net assets 82,144 79,045
Capital and reserves
Called up share capital 10 10
Profit and loss account 82,134 79,035
Shareholders' funds 82,144 79,045
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs V Boots
Director
Approved by the board on 22 April 2025
Daisy Chain Educational Services Limited
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 20 years
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery Total
£ £ £
Cost
At 1 February 2024 2,950 12,676 15,626
Additions - 916 916
Disposals - (6,219) (6,219)
At 31 January 2025 2,950 7,373 10,323
Depreciation
At 1 February 2024 285 8,626 8,911
Charge for the year 59 1,475 1,534
On disposals - (5,724) (5,724)
At 31 January 2025 344 4,377 4,721
Net book value
At 31 January 2025 2,606 2,996 5,602
At 31 January 2024 2,665 4,050 6,715
4 Debtors 2025 2024
£ £
Trade debtors 18,750 20,004
Other debtors 27,932 20,429
46,682 40,433
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 4,974 5,770
Taxation and social security costs 30,712 27,841
Other creditors 10,545 15,022
46,231 48,633
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mrs V Boots
Director's Loan Account 15,022 (38,751) 23,505 (224)
15,022 (38,751) 23,505 (224)
This loan was repaid in full by the director on 13/2/2025.
7 Controlling party
Mrs V Boots is the controlling party of Daisy Chain Educational Services Limited by virtue of her directorship and shareholding within the company.
8 Other information
Daisy Chain Educational Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Richmond Rise
Portchester
Fareham
Hampshire
PO16 8DQ
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