PSD Childcare Limited 12070170 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is After & Pre School Clubs & Holiday Camps Digita Accounts Production Advanced 6.30.9574.0 true true 12070170 2023-09-01 2024-08-31 12070170 2024-08-31 12070170 bus:OrdinaryShareClass1 2024-08-31 12070170 core:CurrentFinancialInstruments 2024-08-31 12070170 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 12070170 core:FurnitureFittingsToolsEquipment 2024-08-31 12070170 bus:SmallEntities 2023-09-01 2024-08-31 12070170 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12070170 bus:FilletedAccounts 2023-09-01 2024-08-31 12070170 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12070170 bus:RegisteredOffice 2023-09-01 2024-08-31 12070170 bus:Director1 2023-09-01 2024-08-31 12070170 bus:Director2 2023-09-01 2024-08-31 12070170 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 12070170 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12070170 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 12070170 countries:UnitedKingdom 2023-09-01 2024-08-31 12070170 2023-08-31 12070170 core:FurnitureFittingsToolsEquipment 2023-08-31 12070170 2022-07-01 2023-08-31 12070170 2023-08-31 12070170 bus:OrdinaryShareClass1 2023-08-31 12070170 core:CurrentFinancialInstruments 2023-08-31 12070170 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 12070170 core:FurnitureFittingsToolsEquipment 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12070170

PSD Childcare Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

PSD Childcare Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

PSD Childcare Limited

Company Information

Directors

Mrs Claire Howells

Mr Gavin D Brown

Registered office

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

 

PSD Childcare Limited

(Registration number: 12070170)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

317

215

Current assets

 

Debtors

5

69,461

63,963

Cash at bank and in hand

 

94,493

175,544

 

163,954

239,507

Creditors: Amounts falling due within one year

6

(91,618)

(115,049)

Net current assets

 

72,336

124,458

Net assets

 

72,653

124,673

Capital and reserves

 

Called up share capital

7

5

5

Retained earnings

72,648

124,668

Shareholders' funds

 

72,653

124,673

For the financial 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.

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 1 May 2025 and signed on its behalf by:
 

.........................................
Mr Gavin D Brown
Director

 

PSD Childcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

These financial statements were authorised for issue by the Board on 1 May 2025.

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 financial statements have been prepared on a going concern basis.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

PSD Childcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

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.

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:

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.

Trade debtors

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

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

 

PSD Childcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 27 (2023 - 21).

 

PSD Childcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

369

369

Additions

219

219

At 31 August 2024

588

588

Depreciation

At 1 September 2023

154

154

Charge for the year

117

117

At 31 August 2024

271

271

Carrying amount

At 31 August 2024

317

317

At 31 August 2023

215

215

5

Debtors

Current

2024
£

2023
£

Trade debtors

10,704

5,084

Prepayments

1,721

874

Other debtors

57,036

58,005

 

69,461

63,963

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

3,348

2,772

Taxation and social security

84,415

105,378

Other creditors

3,855

6,899

91,618

115,049

 

PSD Childcare Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Class Shares of £1 each

5

5

5

5

       

8

Dividends

2024

2023

£

£

Final dividend of £Nil (2023 - £1.00) per ordinary share

-

-

Interim dividend of £Nil (2023 - £3.00) per ordinary share

310,000

304,500

310,000

304,500