Headstart Day and Afterschool Care Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Headstart Day and Afterschool Care Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04566508 . The registered office is Holly Lodge, 21 Priory Road, Sudbury, Suffolk, CO10 1LB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases.

Leasehold	4% on a straight line basis
Motor Vehicles	25% on a reducing balance basis
Fixtures & Fittings	25%/33 1/3% on a reducing balance basis

2.4. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Net realisable value is based on estimated selling price less any estimated completion or selling costs. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

When stocks are sold the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write down or loss occurs. The amount of any reversal of any write down of stocks is stated as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Headstart Day and Afterschool Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are not taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on material timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date. Deferred tax assets are generally recognised for all material deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from that which the company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in the profit and loss account, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity, respectively.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Government Grant

Government grants have been disclosed in the financial statement in line with the SSAP 4 disclosure requirements. Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

The average number of employees, including directors, during the year was as follows.

	2025	2024
Office and administration	25	24

	25	24

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Headstart Day and Afterschool Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 November 2024	23,400	24,974	103,197	151,571
Additions	-	6,000	12,442	18,442
Disposals	-	(6,295 )	-	(6,295 )

As at 31 October 2025	23,400	24,679	115,639	163,718

Depreciation
As at 1 November 2024	4,680	13,347	85,736	103,763
Provided during the period	936	4,126	8,384	13,446
Disposals	-	(5,175 )	-	(5,175 )

As at 31 October 2025	5,616	12,298	94,120	112,034

Net Book Value
As at 31 October 2025	17,784	12,381	21,519	51,684

As at 1 November 2024	18,720	11,627	17,461	47,808

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	49,359	15,766
Other debtors	-	14,233
Prepayments and accrued income	14,425	14,273
Amounts owed by associates	366,382	214,554

	430,166	258,826

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	12,745	42,043
Bank loans and overdrafts	5,250	9,000
Corporation tax	56,624	-
Other taxes and social security	65,858	66,789
Director's current account	9,362	10,044
Other creditors	3,685	4,955
Accruals and deferred income	6,477	5,036
Amounts owed to parent undertaking	-	40,000
Amounts owed to associates	282	-

	160,283	177,867

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Headstart Day and Afterschool Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	5,250
Accruals and deferred income	246	369

	246	5,619

The bank loan, the aggregate of which amounts to £5,250, (2024: £14,250), is repayable by fixed instalments based on a fixed interest rate commencing June 2021.

The bank loan is repayable in May 2026 and carries fixed interest at 2.50%.

The bank loan totalling £5,250, (2024: £14,250), is supported by the Bounce Back Loan Scheme, managed by the British Business Bank on behalf of, and with the financial guarantee of, the Secretary of State for Buisness, Energy and Industrial Strategy.

Creditors falling due after more than one year include the following amounts due after more than five years.

	2025		2024
	£		£
Accruals and deferred income	49		74

8. Capital Grants

	2025	2024
	£	£
Balance at 1 November 2024	553	829
Increase / (Decrease) in the year	(184)	(276)

Balance at 31 October 2025	369	553

The amounts shown for deferred income represent capital grants received and applied to the acquisition nursery equipment and to the cost of fixtures and fittings. These grants are not taxable and have no effect on the company's results shown by these accounts.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	35,242	28,888
Later than one year and not later than five years	4,736	35,606

	39,978	64,494

11. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,947, (2024: £2,976), were due to the fund and is included in other creditors.

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Headstart Day and Afterschool Care Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

12. Related Party Transactions

During the year the company made purchases, on normal market rate trading terms, from Mr P Abbott of £4,404, (2024: £2,180), for nursery purchases and consumables, £16,607, (2024: £25,873), for food and kitchen supplies, £185, (2024: £nil), for motor and travelling expenses, £83, (2024: £747), for repairs, renewals and maintenance, £110, (2024: £1,156), for printing, stationery and computer expenses, £108, (2024: £204), for subscriptions, £182, (2024: £2,036), for sundry expenses, £312, (2024: £3,879), for cleaning, laundry and protective clothing, £2,220, (2024: £1,205), for capital equipment. Mr P Abbott is a related party by virtue of being the husband of Mrs S Abbott, a director and shareholder of the company.

At 31 Ocober 2025 a loan of £214,794, (2024: £214,554), was outstanding from S & P Property Holdings Limited, a company in which Mrs S Abbott has an interest as a director and shareholder. The loan was made on interest free terms and is repayable on demand.

The company has granted a guarantee to Cambridge & Counties Bank Limited in the form of a debenture, for a fixed and floating charge over all the property or undertaking of the company, as security for a loan advanced to S & P Property Holdings Limited, a company in which Mrs S Abbott has an interest as a director and shareholder.

Creditors include £9,362, (2024: £10,044), due to Mrs S Abbott, a director and shareholder of the company.

13. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is P & S Abbott Holdings Limited, which was incorporated in England.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		51,684		47,808

			51,684		47,808
CURRENT ASSETS
Stocks		2,000		2,000
Debtors	5	430,166		258,826
Cash at bank and in hand		6,506		41,734

		438,672		302,560
Creditors: Amounts Falling Due Within One Year	6	(160,283 )		(177,867 )

NET CURRENT ASSETS (LIABILITIES)			278,389		124,693

TOTAL ASSETS LESS CURRENT LIABILITIES			330,073		172,501

Creditors: Amounts Falling Due After More Than One Year	7		(246 )		(5,619 )

NET ASSETS			329,827		166,882

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			329,825		166,880

SHAREHOLDERS' FUNDS			329,827		166,882