Registration number: 02490035

For Under Fives Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

For Under Fives Limited

(Registration number: 02490035)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	418,250	429,344
Current assets
Debtors	5	1,176,700	1,038,552
Cash at bank and in hand		1,317,265	569,689
		2,493,965	1,608,241
Creditors: Amounts falling due within one year	6	(1,271,503)	(1,116,014)
Net current assets		1,222,462	492,227
Total assets less current liabilities		1,640,712	921,571
Provisions for liabilities		(13,584)	(13,363)
Net assets		1,627,128	908,208
Capital and reserves
Called up share capital		9,010	9,010
Retained earnings		1,618,118	899,198
Shareholders' funds		1,627,128	908,208

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:
 

......................................... D A Lang Director

For Under Fives Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 Chantry Lane
Grimsby
North East Lincolnshire
DN31 2LP

These financial statements were authorised for issue by the Board on 14 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. No adjustments were required on transition to new accounting standards.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, the functional currency of the company, and have been rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of childcare services in the ordinary course of the company’s activities.

Government grants

Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Government grants which become 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 as income in the period in which they become receivable.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

For Under Fives Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings	50 years or lease period
Fixtures and equipment	20% straight line basis
Motor vehicles	20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

For Under Fives Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

The company contributes to certain employees' and directors' personal pension schemes. These costs are charged to the profit and loss account as they accrue.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 247 (2024 - 251).

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	680,284	456,627	19,098	1,156,009
Additions	-	25,205	-	25,205
Disposals	-	(16,297)	-	(16,297)
At 31 March 2025	680,284	465,535	19,098	1,164,917
Depreciation
At 1 April 2024	311,760	396,218	18,687	726,665
Charge for the year	12,462	21,689	411	34,562
Eliminated on disposal	-	(14,560)	-	(14,560)
At 31 March 2025	324,222	403,347	19,098	746,667
Carrying amount
At 31 March 2025	356,062	62,188	-	418,250
At 31 March 2024	368,524	60,409	411	429,344

Included within the net book value of land and buildings above is £351,258 (2024 - £363,629) in respect of freehold land and buildings and £4,804 (2024 - £4,895) in respect of short leasehold land and buildings.
 

5

Debtors

Current	2025 £	2024 £
Trade debtors	211,268	122,446
Prepayments	135,772	125,073
Other debtors	829,660	791,033
	1,176,700	1,038,552

For Under Fives Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		24,503	112,886
Trade creditors		175,391	199,474
Taxation and social security		388,966	130,584
Accruals and deferred income		170,197	201,484
Other creditors		512,446	471,586
		1,271,503	1,116,014