| Glo Childcare Ltd |
|
| Report to the director on the preparation of the unaudited statutory accounts of Glo Childcare Ltd for the year ended 31 March 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Glo Childcare Ltd for the year ended 31 March 2025 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Chartered Institue of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at
https://www.aicpa-cima.com/resources/landing/members-in-practice-members-in-practice-rules |
| This report is made solely to the Board of Directors of Glo Childcare Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Glo Childcare Ltd and state those matters that we have agreed to state to the Board of Directors of Glo Childcare Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Glo Childcare Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Glo Childcare Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Glo Childcare Ltd. You consider that Glo Childcare Ltd 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 accounts of Glo Childcare Ltd. 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 accounts. |
|
| Excellent Finances Ltd |
| Chartered Management Accountants |
| 127 Hampton Road |
| Bristol |
| BS6 6JE |
|
| 30 November 2025 |
|
| Glo Childcare Ltd |
| Registered number: |
14300710 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
|
|
|
- |
|
|
- |
| Tangible assets |
3 |
|
|
180,325 |
|
|
- |
| Investments |
|
|
|
- |
|
|
- |
|
|
|
|
180,325 |
|
|
- |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
11,000 |
| Cash at bank and in hand |
|
|
193,615 |
|
|
94,664 |
|
|
|
193,615 |
|
|
105,664 |
|
| Creditors: amounts falling due within one year |
5 |
|
(170,225) |
|
|
(95,673) |
|
| Net current assets |
|
|
|
23,390 |
|
|
9,991 |
|
| Total assets less current liabilities |
|
|
|
203,715 |
|
|
9,991 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(59,417) |
|
|
- |
|
| Net assets |
|
|
|
144,298 |
|
|
9,991 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
144,297 |
|
|
9,990 |
|
| Shareholders' funds |
|
|
|
144,298 |
|
|
9,991 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| D Long |
| Director |
| Approved by the board on 30 November 2025 |
|
| Glo Childcare Ltd |
| Statement of Changes in Equity |
| for the year ended 31 March 2025 |
|
| Share |
Share |
Re- |
Profit |
Total |
| capital |
premium |
valuation |
and loss |
| reserve |
account |
| £ |
£ |
£ |
£ |
£ |
|
| At 1 April 2023 |
1 |
|
- |
|
- |
|
- |
|
1 |
|
| Profit for the financial year |
46,586 |
|
46,586 |
|
| Gain on revaluation of land and buildings |
|
|
|
|
|
- |
|
|
|
- |
| Deferred taxation arising on the revaluation of land and buildings |
|
|
|
|
|
- |
|
|
|
- |
| Other comprehensive income for the financial year |
|
- |
|
- |
|
- |
|
- |
|
- |
| Total comprehensive income for the financial year |
|
- |
|
- |
|
- |
|
46,586 |
|
46,586 |
|
|
|
|
|
|
|
|
|
|
|
| Dividends |
(36,596) |
|
(36,596) |
| Shares issued |
- |
|
- |
|
|
|
|
|
- |
| Shares redeemed |
- |
|
|
|
|
|
|
|
- |
|
| At 31 March 2024 |
1 |
|
- |
|
- |
|
9,990 |
|
9,991 |
| Correction of prior year errors |
- |
|
- |
| Effect of retrospective changes in accounting policies |
|
|
|
|
|
|
|
- |
|
- |
| At 31 March 2024 as restated |
1 |
|
- |
|
- |
|
9,990 |
|
9,991 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| At 1 April 2024 |
1 |
|
- |
|
- |
|
9,990 |
|
9,991 |
|
| Profit for the financial year |
207,397 |
|
207,397 |
|
| Gain on revaluation of land and buildings |
|
|
|
|
|
- |
|
|
|
- |
| Deferred taxation arising on the revaluation of land and buildings |
|
|
|
|
|
- |
|
|
|
- |
| Other comprehensive income for the financial year |
|
- |
|
- |
|
- |
|
- |
|
- |
| Total comprehensive income for the financial year |
|
- |
|
- |
|
- |
|
207,397 |
|
207,397 |
|
|
|
|
|
|
|
|
|
|
|
| Dividends |
(73,090) |
|
(73,090) |
| Shares issued |
- |
|
- |
|
|
|
|
|
- |
| Shares redeemed |
- |
|
|
|
|
|
|
|
- |
|
| At 31 March 2025 |
1 |
|
- |
|
- |
|
144,297 |
|
144,298 |
|
| Glo Childcare Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
32 |
|
28 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
- |
|
- |
|
- |
|
- |
|
Additions |
- |
|
104,762 |
|
81,086 |
|
185,848 |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
Disposals |
- |
|
- |
|
- |
|
- |
|
At 31 March 2025 |
- |
|
104,762 |
|
81,086 |
|
185,848 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
- |
|
- |
|
- |
|
Charge for the year |
- |
|
455 |
|
5,068 |
|
5,523 |
|
Surplus on revaluation |
- |
|
- |
|
- |
|
- |
|
On disposals |
- |
|
- |
|
- |
|
- |
|
At 31 March 2025 |
- |
|
455 |
|
5,068 |
|
5,523 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
104,307 |
|
76,018 |
|
180,325 |
|
At 31 March 2024 |
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
- |
|
11,000 |
|
|
|
|
|
|
- |
|
11,000 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
93,984 |
|
22,644 |
|
Taxation and social security costs |
45,200 |
|
34,007 |
|
Other creditors |
31,041 |
|
39,022 |
|
|
|
|
|
|
170,225 |
|
95,673 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
59,417 |
|
- |
|
Trade creditors |
- |
|
- |
|
|
|
|
|
|
59,417 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
D Long |
|
Loan |
11,000 |
|
|
|
(11,000) |
|
- |
|
|
|
11,000 |
|
- |
|
(11,000) |
|
- |
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Glo Childcare Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Chappel Hill Day Nursery |
|
Newport |
|
Berkeley |
|
|
GL13 9PY |