Kool Kidz (Scotland) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC289295 (Scotland)

Financial Statements

For The Year Ended 31 December 2024

for

Kool Kidz (Scotland) Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Whelehan

A Malloy

SECRETARY:

J Whelehan

REGISTERED OFFICE:

Unit 1-2

Chryston Business Park

Cloverhill Place

Glasgow

North Lanarkshire

G69 9DQ

REGISTERED NUMBER:

SC289295 (Scotland)

ACCOUNTANTS:

Cahill Jack Associates Limited

91 Alexander Street

Airdrie

North Lanarkshire

ML6 0BD

FIXED ASSETS

Tangible assets

4

413,355

422,139

CURRENT ASSETS

Debtors

5

32,470

42,317

Cash at bank and in hand

391,331

240,575

423,801

282,892

CREDITORS

Amounts falling due within one year

6

77,831

50,359

NET CURRENT ASSETS

345,970

232,533

TOTAL ASSETS LESS CURRENT
LIABILITIES

759,325

654,672

CREDITORS

Amounts falling due after more than one
year

7

(4,167

)

(14,155

)

PROVISIONS FOR LIABILITIES

(20,006

)

(15,617

)

NET ASSETS

735,152

624,900

CAPITAL AND RESERVES

Called up share capital

1,000

Revaluation reserve

9

79,635

Retained earnings

654,517

544,265

SHAREHOLDERS' FUNDS

735,152

624,900

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 directors acknowledge their 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by:

A Malloy - Director

1.	STATUTORY INFORMATION

Kool Kidz (Scotland) Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made are described below:

Estimated useful lives and residual values of fixed assets

As described under the Tangible Fixed Asset heading of this accounting policies note, depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as applicable. The reviews take into account estimated useful lives used by other companies operating within the same sector and actual asset lives and residual values as evidenced by disposals during current and prior accounting periods.

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 rendering of nursery services.

Revenue from agreement to provide services is recognised in the period in which the services are provided when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the company will receive the consideration due under the agreement.

Tangible fixed assets

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

Freehold property

-

2% on reducing balance

Improvements to property

-

10% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

The following assets and liabilities are classified as basic financial instruments - trade creditors, loans from related companies and directors loans.

Directors' loans and loans from related companies, being repayable on demand, and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 25 (2023 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 January 2024

and 31 December 2024

500,000

8,000

5,095

7,058

520,153

DEPRECIATION

At 1 January 2024

80,545

6,167

5,095

6,207

98,014

Charge for year

8,389

183

-

212

8,784

At 31 December 2024

88,934

6,350

5,095

6,419

106,798

NET BOOK VALUE

At 31 December 2024

411,066

1,650

-

639

413,355

At 31 December 2023

419,455

1,833

-

851

422,139

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

284

10,131

Amounts owed by participating interests

32,186

32,470

42,317

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,000

Taxation and social security

45,280

37,343

Other creditors

22,551

3,016

77,831

50,359

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

4,167

14,155

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

14,167

24,155

The BBL loan is supported by a 100% guarantee from the UK Government.

9.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

79,635

10.	RELATED PARTY DISCLOSURES

The company trades with one other company which is under common control.All transactions are at arms length on the basis of open market value.