Positive_Outcomes_Childcare_Limited_31_Dec_2024_companies_house_set_of

Positive Outcomes Childcare Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Positive Outcomes Childcare Limited

Year ended

31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

Positive Outcomes Childcare Limited

for the year ended

31 December 2024

which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

Positive Outcomes Childcare Limited

, as a body. Our work has been undertaken solely to prepare for your approval the

financial statements

Positive Outcomes Childcare Limited

and state those matters that we have agreed to state to the Board of Directors of

Positive Outcomes Childcare Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

Positive Outcomes Childcare Limited

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

Positive Outcomes Childcare Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

Positive Outcomes Childcare Limited

. You consider that

Positive Outcomes Childcare Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Positive Outcomes Childcare Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Proud Goulbourn

Office 16, Hamilton Davies House

117c Liverpool Road

Cadishead

Manchester

M44 5BG

United Kingdom

Date:

30 September 2025

Positive Outcomes Childcare Limited

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£		£
Fixed assets
Tangible assets	5	10,772		4,673
Current assets
Debtors	6	413,445		350,214
Cash at bank and in hand		317,784		137,828
		731,229		488,042
Creditors: amounts falling due within one year	7	(545,083	)	(315,491	)
Net current assets		186,146		172,551
Total assets less current liabilities		196,918		177,224
Creditors: amounts falling due after more than one year	8	(3,075	)	(13,887	)
Net assets		193,843		163,337
Capital and reserves
Called up share capital		1		1
Profit and loss account		193,842		163,336
Shareholders funds		193,843		163,337

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.

Director's 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 director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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 income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

30 September 2025

, and are signed on behalf of the board by:

Mr R Clutton

Director

Company registration number:

08327863

Positive Outcomes Childcare Limited

Notes to the Financial Statements

Year ended

31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

1 Agriculture House

Southwater Way

Telford

Shropshire

TF3 4NR

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services provided.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.

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

Plant and machinery	20% straight line
Fixtures and fittings	20% straight line
Office equipment	25% straight line
Motor vehicles	25% straight line

Impairment

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 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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

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 Average number of employees

The average number of persons employed by the company during the year was

(2023:

34.00

5 Tangible assets

	Plant and machinery etc.
	£
Cost
At 1 January 2024	48,729
Additions	8,582
At 31 December 2024	57,311
Depreciation
At 1 January 2024	44,056
Charge	2,483
At 31 December 2024	46,539
Carrying amount
At 31 December 2024	10,772
At 31 December 2023	4,673

6 Debtors

	2024	2023
	£	£
Trade debtors	147,438	152,084
Other debtors	266,007	198,130
	413,445	350,214

7 Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	28,744	56,513
Trade creditors	36,836	21,591
Taxation and social security	41,450	30,966
Other creditors	438,053	206,421
	545,083	315,491

8 Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	-	13,887
Other creditors	3,075	-
	3,075	13,887