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Registered number: 14666336
Redwood Childcare Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2025
Newtons Accountants Limited
Chartered Certified Accountants
470 Hucknall Road
Nottingham
Nottinghamshire
NG5 1FX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14666336
28 February 2025 29 February 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,196 6,111
6,196 6,111
CURRENT ASSETS
Debtors 5 284,041 11,123
Cash at bank and in hand 46,035 61,150
330,076 72,273
Creditors: Amounts Falling Due Within One Year 6 (317,026 ) (52,647 )
NET CURRENT ASSETS (LIABILITIES) 13,050 19,626
TOTAL ASSETS LESS CURRENT LIABILITIES 19,246 25,737
Creditors: Amounts Falling Due After More Than One Year 7 - (58,000 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,549 ) -
NET ASSETS/(LIABILITIES) 17,697 (32,263 )
CAPITAL AND RESERVES
Called up share capital 1 1
Profit and Loss Account 17,696 (32,264 )
SHAREHOLDERS' FUNDS 17,697 (32,263)
Page 1
Page 2
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs Dionne Bradshaw
Director
17/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Redwood Childcare Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14666336 . The registered office is 470 Hucknall Road, Nottingham, Nottinghamshire, NG5 1FX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 fixed assets are measured at cost less accumulated depreciation and any 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:
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 33% Straight Line
2.4. Taxation
The company's tax charge represents the sum of the corporation tax currently payable and deferred tax.
The corporation tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the Management Accounts and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15 (2024: 1)
15 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 March 2024 5,196 2,529 7,725
Additions 1,862 - 1,862
As at 28 February 2025 7,058 2,529 9,587
Depreciation
As at 1 March 2024 779 835 1,614
Provided during the period 942 835 1,777
As at 28 February 2025 1,721 1,670 3,391
Net Book Value
As at 28 February 2025 5,337 859 6,196
As at 1 March 2024 4,417 1,694 6,111
5. Debtors
28 February 2025 29 February 2024
£ £
Due within one year
Trade debtors 180,032 -
Prepayments and accrued income 5,813 8,123
Other debtors 13,900 3,000
Director's loan account 84,296 -
284,041 11,123
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6. Creditors: Amounts Falling Due Within One Year
28 February 2025 29 February 2024
£ £
Other loans 59,000 42,000
Corporation tax 3,691 -
PAYE 8,706 -
Factor creditor 162,041 -
Pension creditor 1,229 -
Accruals and deferred income 82,359 3,000
Director's loan account - 7,647
317,026 52,647
7. Creditors: Amounts Falling Due After More Than One Year
28 February 2025 29 February 2024
£ £
Other loans - 58,000
8. Secured Creditors
Of the creditors the following amounts are secured.
28 February 2025 29 February 2024
£ £
Other Creditors 162,041 -
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
28 February 2025 29 February 2024
£ £
Not later than one year 36,000 -
Later than one year and not later than five years 144,000 -
Later than five years 180,000 -
360,000 -
10. Related Party Transactions
During the year the director received net monies totalling £84,296 from the company. This amount remained unpaid at the balance sheet date and is included in debtors receivable within one year (as it is anticipated the amount will be repaid within nine months of the balance sheet date).
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