Company No: 05725120 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	390,433		395,567
		390,433		395,567
Current assets
Stocks		4,200		3,500
Debtors	5	34,107		8,784
Cash at bank and in hand		32,279		40,111
		70,586		52,395
Creditors: amounts falling due within one year	6	( 726,239)		( 740,640)
Net current liabilities		(655,653)		(688,245)
Total assets less current liabilities		(265,220)		(292,678)
Creditors: amounts falling due after more than one year	7	( 521,777)		( 571,916)
Provision for liabilities		128,910		102,250
Net liabilities		( 658,087)		( 762,344)
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		( 658,187 )		( 762,444 )
Total shareholders' deficit		( 658,087)		( 762,344)

For the financial 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.

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 All My Friends Childcare Limited (registered number: 05725120) were approved and authorised for issue by the Board of Directors on 11 November 2025. They were signed on its behalf by:

Mrs K Heaton-Jones 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

All My Friends Childcare Limited (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 87 Barnwood Road, Gloucester, GL2 0SF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is ten years.

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 reducing balance basis over its expected useful life, as follows:

Land and buildings	2 - 25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	37		31

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 August 2024	385,175		385,175
At 31 July 2025	385,175		385,175
Accumulated amortisation
At 01 August 2024	385,175		385,175
At 31 July 2025	385,175		385,175
Net book value
At 31 July 2025	0		0
At 31 July 2024	0		0

4. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 August 2024	582,124		16,908		93,396		10,099		702,527
Additions	0		0		4,093		2,812		6,905
Disposals	0		0		0		( 3,846)		( 3,846)
At 31 July 2025	582,124		16,908		97,489		9,065		705,586
Accumulated depreciation
At 01 August 2024	195,194		16,283		88,713		6,770		306,960
Charge for the financial year	7,739		156		2,198		1,398		11,491
Disposals	0		0		0		( 3,298)		( 3,298)
At 31 July 2025	202,933		16,439		90,911		4,870		315,153
Net book value
At 31 July 2025	379,191		469		6,578		4,195		390,433
At 31 July 2024	386,930		625		4,683		3,329		395,567

5. Debtors

	2025		2024
	£		£
Trade debtors	396		786
Other debtors	33,711		7,998
	34,107		8,784

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	43,000		36,000
Trade creditors	3,714		4,875
Other taxation and social security	6,581		6,542
Other creditors	672,944		693,223
	726,239		740,640

The bank loans and other loans are secured against the property owned by the company, life policy where the director is a beneficiary and an additional personal guarantee by the directors.

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

	2025		2024
	£		£
Bank loans (secured)	365,666		415,681
Other loans (secured)	156,111		156,235
	521,777		571,916

The bank loans and other loans are secured against the property owned by the company, life policy where the director is a beneficiary and an additional personal guarantee by the directors.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
75 Ordinary A shares of £ 1.00 each	75		75
25 Ordinary B shares of £ 1.00 each	25		25
	100		100