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Registered number: 08765581
Mns Kids Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
Cara Chapman
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08765581
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,871 114,354
Tangible Assets 5 20,273 24,646
Investments 6 269,113 269,113
312,257 408,113
CURRENT ASSETS
Debtors 7 16,335 25,387
Cash at bank and in hand 94,490 59,557
110,825 84,944
Creditors: Amounts Falling Due Within One Year 8 (136,231 ) (173,871 )
NET CURRENT ASSETS (LIABILITIES) (25,406 ) (88,927 )
TOTAL ASSETS LESS CURRENT LIABILITIES 286,851 319,186
Creditors: Amounts Falling Due After More Than One Year 9 (4,517 ) (13,623 )
NET ASSETS 282,334 305,563
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 282,332 305,561
SHAREHOLDERS' FUNDS 282,334 305,563
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Page 2
For the year ending 30 November 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
Mrs Marina Sturmey
Director
28/08/2025
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
Mns Kids Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08765581 . The registered office is 9 Chaucer Court, Ewelme, Wallingford, South Oxfordshire, OX10 6HW.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years. Goodwill is reviewed annually if events or changes in circumstances indicate that the carrying value may not be recoverable. 
2.4. 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:
Leasehold 7% on cost
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The 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 years 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 financial statements 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.
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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2023: 25)
23 25
4. Intangible Assets
Goodwill
£
Cost
As at 1 December 2023 114,354
As at 30 November 2024 114,354
Amortisation
As at 1 December 2023 -
Provided during the period 91,483
As at 30 November 2024 91,483
Net Book Value
As at 30 November 2024 22,871
As at 1 December 2023 114,354
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 December 2023 22,751 31,917 13,566 68,234
Additions - - 1,268 1,268
As at 30 November 2024 22,751 31,917 14,834 69,502
Depreciation
As at 1 December 2023 7,963 28,508 7,117 43,588
Provided during the period 1,593 1,170 2,878 5,641
As at 30 November 2024 9,556 29,678 9,995 49,229
Net Book Value
As at 30 November 2024 13,195 2,239 4,839 20,273
As at 1 December 2023 14,788 3,409 6,449 24,646
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6. Investments
Subsidiaries
£
Cost or Valuation
As at 1 December 2023 269,113
As at 30 November 2024 269,113
Provision
As at 1 December 2023 -
As at 30 November 2024 -
Net Book Value
As at 30 November 2024 269,113
As at 1 December 2023 269,113
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,029 25,387
Directors' loan accounts 306 -
16,335 25,387
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,169 2,147
Bank loans and overdrafts 29,141 9,584
Corporation tax 22,542 28,255
Other taxes and social security 9,047 5,858
Net wages 32,494 26,244
Other creditors 2,811 1,752
Accruals and deferred income 36,027 34,208
Directors' loan accounts - 65,823
136,231 173,871
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,517 13,623
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mrs Marina Sturmey (65,823 ) - 66,130 - 307
The above loan is unsecured, interest free and repayable on demand.
The loan was repaid within 9 months of the balance sheet date. 
12. Related Party Transactions
Investments in Subsidaries is 100% of the share capital of Rainbows Childcare Limited, a company under common control with MNS Kids Ltd. 
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