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Registered number: 03250973
Nursery Care UK Ltd.
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03250973
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 170,933 179,554
170,933 179,554
CURRENT ASSETS
Debtors 5 128,975 109,230
Cash at bank and in hand 118,796 1,275
247,771 110,505
Creditors: Amounts Falling Due Within One Year 6 (75,753 ) (39,315 )
NET CURRENT ASSETS (LIABILITIES) 172,018 71,190
TOTAL ASSETS LESS CURRENT LIABILITIES 342,951 250,744
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,509 ) (3,152 )
NET ASSETS 339,442 247,592
CAPITAL AND RESERVES
Called up share capital 8 101 101
Profit and Loss Account 339,341 247,491
SHAREHOLDERS' FUNDS 339,442 247,592
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For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A J Robertson
Director
26 June 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Nursery Care UK Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03250973 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Motor vehicles 25% reducing balance
Fixtures and fittings 15% reducing balance, 20/50% straight line
2.4. Leasing and Hire Purchase Contracts
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
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2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 26 (2023: 25)
26 25
4. Tangible Assets
Land & Property
Freehold Motor vehicles Fixtures and fittings Total
£ £ £ £
Cost
As at 1 October 2023 303,242 7,495 173,666 484,403
As at 30 September 2024 303,242 7,495 173,666 484,403
Depreciation
As at 1 October 2023 140,279 7,495 157,075 304,849
Provided during the period 6,065 - 2,556 8,621
As at 30 September 2024 146,344 7,495 159,631 313,470
Net Book Value
As at 30 September 2024 156,898 - 14,035 170,933
As at 1 October 2023 162,963 - 16,591 179,554
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5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,355 2,183
Other debtors 93,277 91,528
Directors' loan accounts 33,343 15,519
128,975 109,230
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts - 5,015
Corporation tax 37,228 -
Other taxes and social security 6,582 1,464
Other creditors 22,460 23,543
Accruals and deferred income 9,483 9,293
75,753 39,315
7. Secured Creditors
All monies due or to become due from the company to the chargee on any account whatsoever are secured by way of fixed and floating charges dated 11 October 1996, 12 November 1997, and 04 May 2001 over all the company's assets present and future.
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 3,980 3,980
Later than one year and not later than five years 5,639 9,619
9,619 13,599
10. Directors Advances, Credits and Guarantees
A director has a brought forward advance from the company of £15,519 (2023:£37,938), received further advances during the year totalling £33,344 (2032: £15,550) and repaid an amounts totalling £15,520 (2023: £37,969). All advances are repayable on demand. The advance carried forward is £34,343.
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11. Related Party Transactions
The following related party transactions were undertaken during the year:
A business related through common control, had expenses paid totalling £Nil (2023: £1,342), received loans totalling £2,000 (2032:£12,185) and repaid amounts to the company totalling £Nil (2023: £Nil). As at the balance sheet date the amount receivable was £93,277 (2023: £91,277).
A family member who is a director, provided consultancy services totalling £24,000 of which £24,000 was paid (2023: provided consultancy services totalling £24,000 of which £24,000 was paid).
Dividends were paid to the shareholders in respect of their shareholdings totalling £15,520 (2023: £37,969).
No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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