The Magic Roundabout Childcare Centre Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC651991

The Magic Roundabout Childcare Centre Ltd

Filleted Unaudited Financial Statements

31 July 2025

The Magic Roundabout Childcare Centre Ltd

Statement of Financial Position

31 July 2025

	2025	2024
Note	£	£

Fixed assets

Intangible assets	5	–	21,607
Tangible assets	6	22,335	15,392
		--------	--------
		22,335	36,999

Current assets

Debtors	7	43,015	34,875
Cash at bank and in hand		140,856	148,182
		---------	---------
		183,871	183,057

Creditors: amounts falling due within one year	8	111,028	75,258
		---------	---------
Net current assets		72,843	107,799
		--------	---------
Total assets less current liabilities		95,178	144,798

Creditors: amounts falling due after more than one year	9	11,079	28,228

Provisions	5,399	3,572
	--------	---------
Net assets	78,700	112,998
	--------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	78,699	112,997
	--------	---------
Shareholder funds	78,700	112,998
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

The Magic Roundabout Childcare Centre Ltd

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 23 April 2026 , and are signed on behalf of the board by:

Mrs H Marr
Director

Company registration number: SC651991

The Magic Roundabout Childcare Centre Ltd

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Greenfield House, North Darklands, Elgin, IV30 8LB, Scotland.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

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

	Goodwill	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Long leasehold property	-	2% reducing balance
Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Equipment	-	33% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

The following assets and liabilities are classified as financial instruments - bank, trade debtors, trade creditors, and director's loans to the company. Cash and cash equivalents in the statement of financial position comprise cash at bank and in hand held on demand. Trade debtors and creditors are measured at the undiscounted amounts receivable from the customer or payable to a supplier, which is normally the invoiced price. Trade debtors are assessed at the end of each reporting period for the objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of income and retained earnings. Directors' loans to the company which are repayable on demand are measured at the undiscounted amount of the cash expected to be paid.

Defined contribution plans

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 38 (2024: 35 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 August 2024 and 31 July 2025	108,043
	---------
Amortisation
At 1 August 2024	86,436
Charge for the year	21,607
	---------
At 31 July 2025	108,043
	---------
Carrying amount
At 31 July 2025	–
	---------
At 31 July 2024	21,607
	---------

Intangible assets represents the Company's purchase of the trade of The Magic Roundabout Childcare at 1 August 2020.

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	5,170	6,172	5,668	15,027	32,037
Additions	–	7,635	2,536	3,214	13,385
Disposals	–	( 800)	–	–	( 800)
	-------	--------	-------	--------	--------
At 31 July 2025	5,170	13,007	8,204	18,241	44,622
	-------	--------	-------	--------	--------
Depreciation
At 1 August 2024	304	2,443	1,865	12,033	16,645
Charge for the year	98	1,641	951	3,334	6,024
Disposals	–	( 382)	–	–	( 382)
	-------	--------	-------	--------	--------
At 31 July 2025	402	3,702	2,816	15,367	22,287
	-------	--------	-------	--------	--------
Carrying amount
At 31 July 2025	4,768	9,305	5,388	2,874	22,335
	-------	--------	-------	--------	--------
At 31 July 2024	4,866	3,729	3,803	2,994	15,392
	-------	--------	-------	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	43,015	34,875
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	8,018	2,636
Corporation tax	38,916	32,676
Social security and other taxes	16,034	8,305
Credit card	6,724	4,173
Other creditors	41,336	27,468
	---------	--------
	111,028	75,258
	---------	--------

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

	2025	2024
	£	£
Other loans - J Adam	11,079	28,228
	--------	--------

10. Related party transactions

Dividends paid to director in the year £139,655 (2024: £75,000).