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Registered number: 08314671
S & D Childcare Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 08314671
2026 2025
as restated
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,527 13,277
Tangible Assets 5 272,846 112,461
284,373 125,738
CURRENT ASSETS
Stocks 80,000 60,000
Debtors 6 62,545 20,775
Cash at bank and in hand 20,765 5,124
163,310 85,899
Creditors: Amounts Falling Due Within One Year 7 (200,845 ) (177,512 )
NET CURRENT ASSETS (LIABILITIES) (37,535 ) (91,613 )
TOTAL ASSETS LESS CURRENT LIABILITIES 246,838 34,125
Creditors: Amounts Falling Due After More Than One Year 8 (74,673 ) (23,296 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,496 ) (8,847 )
NET ASSETS 148,669 1,982
CAPITAL AND RESERVES
Called up share capital 2 2
Profit and Loss Account 148,667 1,980
SHAREHOLDERS' FUNDS 148,669 1,982
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David Shapter
Director
2 November 2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
S & D Childcare Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08314671 . The registered office is 2 Old Oaks Close, Bridgwater, TA6 3UR.
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 Financial Reporting Standard 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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Freehold 2% straight line
Leasehold 10 years straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under 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 the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 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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2.7. Taxation
Income tax expense represents the sum of the 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 never 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 is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all 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 the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was 56 (2025: 50)
56 50
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2025 35,000
As at 31 March 2026 35,000
Amortisation
As at 1 April 2025 21,723
Provided during the period 1,750
As at 31 March 2026 23,473
Net Book Value
As at 31 March 2026 11,527
As at 1 April 2025 13,277
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5. Tangible Assets
Land & Property
Freehold Leasehold Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2025 - 47,160 53,272 24,427
Additions 85,670 10,000 34,600 55,944
As at 31 March 2026 85,670 57,160 87,872 80,371
Depreciation
As at 1 April 2025 - 1,196 6,838 8,174
Provided during the period 428 5,202 16,025 7,464
As at 31 March 2026 428 6,398 22,863 15,638
Net Book Value
As at 31 March 2026 85,242 50,762 65,009 64,733
As at 1 April 2025 - 45,964 46,434 16,253
Computer Equipment Total
£ £
Cost
As at 1 April 2025 5,089 129,948
Additions 5,922 192,136
As at 31 March 2026 11,011 322,084
Depreciation
As at 1 April 2025 1,279 17,487
Provided during the period 2,632 31,751
As at 31 March 2026 3,911 49,238
Net Book Value
As at 31 March 2026 7,100 272,846
As at 1 April 2025 3,810 112,461
6. Debtors
2026 2025
as restated
£ £
Due within one year
Prepayments and accrued income 7,769 -
Other debtors 785 -
Corporation tax recoverable assets - 20,775
Amounts owed by associates 53,991 -
62,545 20,775
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7. Creditors: Amounts Falling Due Within One Year
2026 2025
as restated
£ £
Net obligations under finance lease and hire purchase contracts 7,176 6,478
Trade creditors 13,983 3,016
Bank loans and overdrafts 79,534 138,917
Corporation tax 57,183 11,094
Other taxes and social security 23,281 -
Net wages 472 376
Other creditors 13,650 13,650
Pension creditor 1,313 -
Accruals and deferred income 3,963 3,963
Director's loan account 290 18
200,845 177,512
8. Creditors: Amounts Falling Due After More Than One Year
2026 2025
as restated
£ £
Net obligations under finance lease and hire purchase contracts 14,734 21,910
Bank loans 59,939 1,386
74,673 23,296
9. Obligations Under Finance Leases and Hire Purchase
2026 2025
as restated
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,176 6,478
Later than one year and not later than five years 14,734 21,910
21,910 28,388
21,910 28,388
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2026 2025
as restated
£ £
Not later than one year 57,396 -
57,396 -
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11. Related Party Transactions
During the year, the company maintained existing loans with family members of the Director. The loans are unsecured, interest free, and repayable on demand. At the balance sheet date the amount owed by the company was £13,650 (2025 - £13,650).
During the year, the company made a loan to a company under common control. The loan is unsecured, interest free, and repayable on demand. At the balance sheet date the amount due to the company was £53,991.
12. Prior Period Adjustment
The financial statements include a prior period adjustment reflecting the amendment of the original miscategorisation of an asset purchased under hire purchase as an expense in the Profit and Loss Account.  As a result of the miscategorisation, company assets in the Balance Sheet, and depreciation charges, finance charges, and tax charges in the Profit and Loss Account were all misstated in the immediately preceeding period.
Accordingly, the comparative figures for the year ended 31 March 2025 have been restated. The net impact of these adjustments has reduced the opening profit and loss reserves as of 1 April 2025 by £4,397, including a reduction in corporation tax for the year ended 31 March 2025 of £741.
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