Company No: 12962549 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 3
Fixed assets
Tangible assets	5	73,923		64,388
		73,923		64,388
Current assets
Debtors	6	289,599		126,763
Cash at bank and in hand		97,719		61,788
		387,318		188,551
Creditors: amounts falling due within one year	7	( 349,386)		( 263,925)
Net current assets/(liabilities)		37,932		(75,374)
Total assets less current liabilities		111,855		(10,986)
Creditors: amounts falling due after more than one year	8	( 20,684)		( 17,699)
Net assets/(liabilities)		91,171		( 28,685)
Capital and reserves
Called-up share capital	10	2		2
Profit and loss account		91,169		( 28,687 )
Total shareholders' funds/(deficit)		91,171		( 28,685)

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of James' Place Adult Daycare Ltd (registered number: 12962549) were approved and authorised for issue by the Board of Directors on 02 August 2025. They were signed on its behalf by:

Mrs D Henderson (formally known as Mrs D Rolfe) Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

James' Place Adult Daycare Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hatherden C Of E School Hatherden Lane, Hatherden, Andover, SP11 0HT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

During the year the company transitioned to FRS102 S1A financial reporting. As a result they have now accounted for deferred tax and have restated the prior period financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business of providing daycare services, and is shown net of VAT.

Turnover is calculated using a daily attendance allowance and is recognised once the daycare services have been provided. Where payments are received in advance of services provided, the amounts are recorded as deferred income and are included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2.Transition to FRS102

The Company has adopted FRS 102 for the year ended 31 March 2025 and has restated the comparative year amounts.

Reconciliation of equity

		01.04.2023		31.03.2024
		£		£
Capital and reserves (as previously stated)		(36,105)		(35,091)
Deferred tax asset		0		6,406
Capital and reserves (as restated)		(36,105)		(28,685)

Reconciliation of profit or loss

				31.03.2024
				£
Profit for the year (as previously stated)				1,014
Deferred tax asset				6,406
Profit for the year (as restated)				7,420

3. Prior year adjustment

During the year the company transitioned to FRS102 S1A financial reporting. As a result they have now accounted for deferred tax and the prior period financial statements have been restated.

		As previously reported		Adjustment		As restated
Year ended 31 March 2024		£		£		£
Deferred tax asset		0		6,406		6,406

4. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	33		23

5. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 April 2024	2,609		64,300		20,496		1,752		89,157
Additions	919		22,750		1,694		1,485		26,848
At 31 March 2025	3,528		87,050		22,190		3,237		116,005
Accumulated depreciation
At 01 April 2024	679		15,752		7,914		424		24,769
Charge for the financial year	365		13,085		3,207		656		17,313
At 31 March 2025	1,044		28,837		11,121		1,080		42,082
Net book value
At 31 March 2025	2,484		58,213		11,069		2,157		73,923
At 31 March 2024	1,930		48,548		12,582		1,328		64,388

6. Debtors

	2025		2024
	£		£
Trade debtors	124,263		40,115
Amounts owed by directors	2,367		29,858
Prepayments	22,327		9,703
Deferred tax asset	0		6,406
Other debtors	140,642		40,681
	289,599		126,763

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	4,857		3,403
Accruals	5,443		4,750
Deferred tax liability	9,084		0
Taxation and social security	110,590		42,190
Obligations under finance leases and hire purchase contracts	14,984		10,296
Other creditors	204,428		203,286
	349,386		263,925

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

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	20,684		17,699

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	6,406		0
(Charged)/credited to the Profit and Loss Account	( 15,490)		6,406
At the end of financial year	( 9,084)		6,406

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each	2		2

11. Financial commitments

Other financial commitments

The company has provided a guarantee to DB Castle Ltd to guarantee a £200,000 loan entered into by directors personally. There were no costs incurred in providing this guarantee.

12. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Directors' current account	2,367		29,857

During the year, the company gave advances of £54,198 and repayments of £81,689 were made.