Secret Garden Childcare Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05513534 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Secret Garden Childcare Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Dobson

REGISTERED OFFICE:

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

REGISTERED NUMBER:

05513534 (England and Wales)

ACCOUNTANTS:

TC Group

Cliffe Hill House

22-26 Nottingham Road

Stapleford

Nottingham

NG9 8AA

FIXED ASSETS

Intangible assets

4

52,500

70,000

Tangible assets

5

896,398

883,872

948,898

953,872

CURRENT ASSETS

Debtors

6

23,781

60,387

Cash at bank and in hand

376,068

226,760

399,849

287,147

CREDITORS

Amounts falling due within one year

7

214,212

143,658

NET CURRENT ASSETS

185,637

143,489

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,134,535

1,097,361

CREDITORS

Amounts falling due after more than one
year

8

407,241

487,030

NET ASSETS

727,294

610,331

CAPITAL AND RESERVES

Called up share capital

10

1,000

Retained earnings

726,294

609,331

SHAREHOLDERS' FUNDS

727,294

610,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 June 2025 and were signed by:

Mrs S Dobson - Director

1.	STATUTORY INFORMATION

Secret Garden Childcare Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of an unconnected business in 2018 has been amortised over its estimated useful life of 10 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and not provided

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.

The company has elected not to depreciate its buildings, departing from the requirements of the Companies Act 2006, FRS102 1A which mandates depreciation of such assets. This decision is based on management's assessment that the buildings have a long useful life and that their residual value is not expected to decrease materially over time.

Under IAS36 Buildings are carried at cost and are subject to an annual impairment review to ensure that their carrying value does not exceed their recoverable amount. Management believes that this approach provides a more accurate representation of the company's financial position and better reflects the economic reality of the assets. The company carries out repairs of the building to ensure there is no diminution in value.

The impact of this departure from the Companies Act is as follows:

- No depreciation charge has been recognised for buildings in the current financial year.

- Had the company applied depreciation in accordance with the Companies Act, the profit for the year would have been lower by £16,505.

-The carrying value of buildings as of 31 December 2024 remains at £852,246 subject to annual impairment assessment.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2023 - 40 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

349,999

AMORTISATION

At 1 January 2024

279,999

Charge for year

17,500

At 31 December 2024

297,499

NET BOOK VALUE

At 31 December 2024

52,500

At 31 December 2023

70,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

859,414

57,890

917,304

Additions

-

14,902

At 31 December 2024

859,414

72,792

932,206

DEPRECIATION

At 1 January 2024

-

33,432

Charge for year

-

2,376

At 31 December 2024

-

35,808

NET BOOK VALUE

At 31 December 2024

859,414

36,984

896,398

At 31 December 2023

859,414

24,458

883,872

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.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

2,685

306

Other debtors

21,096

60,081

23,781

60,387

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

67,254

Trade creditors

31,584

33,346

Taxation and social security

93,577

35,223

Other creditors

21,797

7,835

214,212

143,658

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

407,241

487,030

Amounts falling due in more than five years:

Repayable by instalments

Mortgage Due in Over 5 Years

137,208

216,997

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Mortgage

474,496

554,285

The Royal Bank of Scotland holds a fixed and floating charge which covers all of the property and undertaking of the company including 69 Musters Road, West Bridgford, Nottingham and Shady Lane, Beeston, NG9 6AU.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

500

Ordinary 'A'

£1

500

Ordinary 'B'

£1

500

1,000

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

Mrs S Dobson

Balance outstanding at start of year

25,344

25,478

Amounts advanced

38,650

45,573

Amounts repaid

(60,000

)

(45,707

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,994

25,344