Yellow Brick Road Daycare Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07887791

YELLOW BRICK ROAD DAYCARE LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 December 2024

YELLOW BRICK ROAD DAYCARE LTD

STATEMENT OF FINANCIAL POSITION

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Intangible assets	5	193,268	223,268
Tangible assets	6	1,463,623	1,450,591
Investments	7	1	1
		------------	------------
		1,656,892	1,673,860

Current assets

Debtors	8	428,980	363,672
Cash at bank and in hand		133,570	38,728
		---------	---------
		562,550	402,400

Creditors: amounts falling due within one year	9	( 378,879)	( 362,039)
		---------	---------
Net current assets		183,671	40,361
		------------	------------
Total assets less current liabilities		1,840,563	1,714,221

Creditors: amounts falling due after more than one year	10	( 1,592,194)	( 1,519,339)

Provisions	( 22,081)	( 1,878)
	------------	------------
Net assets	226,288	193,004
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	226,188	192,904
	---------	---------
Shareholders funds	226,288	193,004
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

YELLOW BRICK ROAD DAYCARE LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

M Delicata

Director

Company registration number: 07887791

YELLOW BRICK ROAD DAYCARE LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 91 Grantham Road, Lincoln, Lincolnshire, LN4 2PZ, England.

2. Statement of compliance

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'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. No significant judgements or estimates have been made by management in the process of applying the entity's accounting policies that would have a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

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

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	20% reducing balance
Plant and machinery	-	25% reducing balance

Investments

Investments in subsidiaries, associates and jointly controlled entities are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

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.

Financial instruments

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost. Financial liabilities - trade creditors and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 63 (2023: 61 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	300,000
	---------
Amortisation
At 1 January 2024	76,732
Charge for the year	30,000
	---------
At 31 December 2024	106,732
	---------
Carrying amount
At 31 December 2024	193,268
	---------
At 31 December 2023	223,268
	---------

6. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 January 2024	1,679,739	72,945	1,752,684
Additions	86,142	4,305	90,447
	------------	--------	------------
At 31 December 2024	1,765,881	77,250	1,843,131
	------------	--------	------------
Depreciation
At 1 January 2024	286,219	15,874	302,093
Charge for the year	62,883	14,532	77,415
	------------	--------	------------
At 31 December 2024	349,102	30,406	379,508
	------------	--------	------------
Carrying amount
At 31 December 2024	1,416,779	46,844	1,463,623
	------------	--------	------------
At 31 December 2023	1,393,520	57,071	1,450,591
	------------	--------	------------

7. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	1
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	1
	----
At 31 December 2023	1
	----

8. Debtors

	2024	2023
	£	£
Trade debtors	4,087	1,595
Amounts owed by group undertakings and undertakings in which the company has a participating interest	324,531	326,334
Other debtors	100,362	35,743
	---------	---------
	428,980	363,672
	---------	---------

9. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	42,228	162,020
Trade creditors	5,446	9,465
Amounts owed to group undertakings and undertakings in which the company has a participating interest	77,922	73,280
Corporation tax	33,864	25,242
Social security and other taxes	8,601	9,007
Other creditors	210,818	83,025
	---------	---------
	378,879	362,039
	---------	---------

10. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	1,572,471	1,492,420
Other creditors	19,723	26,919
	------------	------------
	1,592,194	1,519,339
	------------	------------

The loan is secured on the company's freehold properties.

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
L A Delicata	–	42,223	42,223
M Delicata	–	42,224	42,224
	----	--------	--------
	–	84,447	84,447
	----	--------	--------

	2023
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
L A Delicata	–	–	–
M Delicata	–	–	–
	----	----	----
	–	–	–
	----	----	----

12. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 (Section 1A).

13. Controlling party

The group is under the control of the Directors.