Thrive Childcare Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12112878

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		655,367		686,714

			655,367		686,714
CURRENT ASSETS
Debtors	5	1,079,212		254,952
Cash at bank and in hand		437,860		710,489

		1,517,072		965,441
Creditors: Amounts Falling Due Within One Year	6	(1,641,596 )		(1,197,801 )

NET CURRENT ASSETS (LIABILITIES)			(124,524 )		(232,360 )

TOTAL ASSETS LESS CURRENT LIABILITIES			530,843		454,354

Creditors: Amounts Falling Due After More Than One Year	7		(213,419 )		(236,811 )

NET ASSETS			317,424		217,543

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			317,423		217,542

SHAREHOLDERS' FUNDS			317,424		217,543

Page 1

Page 2

Thrive Childcare Services Ltd

Balance Sheet (continued)

As At 31 December 2024

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.

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 Sureeta Kamari Nayyar Abassi

Director

26/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Thrive Childcare Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12112878 . The registered office is 11 Gatley Road, Cheadle, SK8 1LY.

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:

Freehold	No depreciation provided
Leasehold	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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 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 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.

...CONTINUED

Page 3

Page 4

Thrive Childcare Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. 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:

	2024	2023
Office and administration	49	64

	49	64

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	316,708	60,019	56,808	490,612
Additions	-	-	-	35,208

As at 31 December 2024	316,708	60,019	56,808	525,820

Depreciation
As at 1 January 2024	-	32,557	24,329	194,094
Provided during the period	-	6,866	8,120	49,759

As at 31 December 2024	-	39,423	32,449	243,853

Net Book Value
As at 31 December 2024	316,708	20,596	24,359	281,967

As at 1 January 2024	316,708	27,462	32,479	296,518


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	25,350	949,497
Additions	2,103	37,311

As at 31 December 2024	27,453	986,808

Depreciation
As at 1 January 2024	11,803	262,783
Provided during the period	3,913	68,658

As at 31 December 2024	15,716	331,441

Net Book Value
As at 31 December 2024	11,737	655,367

As at 1 January 2024	13,547	686,714

Page 4

Page 5

Thrive Childcare Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	268,219	166,852
Prepayments and accrued income	73,546	76,263
Other debtors	299,777	3,863
Other taxes and social security	16,030	-
Net wages	8,465	7,974
Directors' loan accounts	413,175	-

	1,079,212	254,952

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	53	53
Trade creditors	77,067	32,121
Bank loans and overdrafts	300	300
Corporation tax	25,477	43,285
Other taxes and social security	-	51,292
Other creditors	135,884	115,125
Accruals and deferred income	894,816	447,626
Directors' loan accounts	507,999	507,999

	1,641,596	1,197,801

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	213,419	236,811

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	53	53

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

Page 5