Norbreck Happy Days Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05772494 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Norbreck Happy Days Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T D Hoyle

Mrs J Hoyle

Mrs S Mellor

Miss M Hoyle

SECRETARY:

Mr T D Hoyle

REGISTERED OFFICE:

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

REGISTERED NUMBER:

05772494 (England and Wales)

ACCOUNTANTS:

CCW Limited

Chartered Accountants

295/297 Church Street

Blackpool

Lancashire

FY1 3PJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

320,119

341,097

320,119

341,097

CURRENT ASSETS

Stocks

900

900

Debtors

6

355,558

472,729

Cash at bank

12,024

6,671

368,482

480,300

CREDITORS

Amounts falling due within one year

7

457,032

491,972

NET CURRENT LIABILITIES

(88,550

)

(11,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

231,569

329,425

CREDITORS

Amounts falling due after more than one year

8

-

(42,618

)

PROVISIONS FOR LIABILITIES

(7,280

)

(9,390

)

NET ASSETS

224,289

277,417

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

224,189

277,317

SHAREHOLDERS' FUNDS

224,289

277,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 January 2021 and were signed on its behalf by:

Mr T D Hoyle - Director

Mrs J Hoyle - Director

1.	STATUTORY INFORMATION

Norbreck Happy Days Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents nursery and childcare fees receivable in the year, excluding value added tax.

Goodwill

Goodwill, being amounts paid in connection with the acquisition of three separate businesses in 2006, 2009 and

2012, was amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

10% on cost

Short leasehold

-

25% on reducing balance

Long leasehold

-

2% on cost

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 79 (2019 - 76 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2019

and 31 March 2020

56,308

AMORTISATION

At 1 April 2019

and 31 March 2020

56,308

NET BOOK VALUE

At 31 March 2020

-

At 31 March 2019

-

5.	TANGIBLE FIXED ASSETS

Freehold

Short

Long

Plant and

property

leasehold

leasehold

machinery

Totals

£

£

£

£

£

COST

At 1 April 2019

131,789

9,120

265,389

201,083

607,381

Additions

7,716

-

-

1,839

9,555

At 31 March 2020

139,505

9,120

265,389

202,922

616,936

DEPRECIATION

At 1 April 2019

91,565

6,956

17,959

149,804

266,284

Charge for year

11,405

541

5,308

13,279

30,533

At 31 March 2020

102,970

7,497

23,267

163,083

296,817

NET BOOK VALUE

At 31 March 2020

36,535

1,623

242,122

39,839

320,119

At 31 March 2019

40,224

2,164

247,430

51,279

341,097

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

5,400

5,400

Amounts owed by group undertakings

-

4,117

Amounts owed by associates

346,804

459,243

Prepayments

3,354

3,969

355,558

472,729

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

42,618

52,350

Amounts owed to group undertakings

1,734

-

Amounts owed to associates

-

9,374

Tax

91,417

76,116

Social security and other taxes

20,945

8,048

Directors' loan accounts

284,534

332,293

Accrued expenses

15,784

13,791

457,032

491,972

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans - 1-2 years

-

42,618

9.

RESERVES

Retained

earnings

£

At 1 April 2019

277,317

Profit for the year

246,872

Dividends

(300,000

)

At 31 March 2020

224,189

10.	RELATED PARTY DISCLOSURES

Mr & Mrs T D Hoyle (directors and shareholders) own the freehold premises from which the Company operates.

No rent has been charged in the year ended 31st March 2020 (none in the year to 31st March 2019).

Norbreck Happy Days Limited has been charged by Northwest Leisure Limited for management charges for the

year amounting to £28,000 (2019: £Nil).

Norbreck Happy Days Limited has been charged by HDC Group Limited for management charges for the year

amounting to £10,000. (2019: £10,000)

11.	SUBSIDIARY

Norbreck Happy Days Limited is a 100% subsidiary of HDC Group Limited (company number 10895018

England and Wales).