Kids R Us Daycare Nursery Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06860500 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

KIDS R US DAYCARE NURSERY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr T C Handley

Mr J Tuerena

REGISTERED OFFICE:

Sterling House Fulbourne Road

Walthamstow

London

E17 4EE

REGISTERED NUMBER:

06860500 (England and Wales)

ACCOUNTANTS:

Christiansons Ltd

Chartered Certified Accountants

Sterling House

Fulbourne Road

Walthamstow

London

E17 4EE

FIXED ASSETS

Property, plant and equipment

4

2,139

3,120

CURRENT ASSETS

Debtors

5

7,500

23,457

Cash at bank

40,943

9,934

48,443

33,391

CREDITORS

Amounts falling due within one year

6

22,797

14,697

NET CURRENT ASSETS

25,646

18,694

TOTAL ASSETS LESS CURRENT LIABILITIES

27,785

21,814

PROVISIONS FOR LIABILITIES

7

406

593

NET ASSETS

27,379

21,221

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

27,279

21,121

SHAREHOLDERS' FUNDS

27,379

21,221

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 25 May 2021 and were signed on its behalf by:

Mr J Tuerena - Director

Mr T C Handley - Director

1.	STATUTORY INFORMATION

Kids R Us Daycare Nursery 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 gross sales of services. The turnover is recognised when the fees of the service are due.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2019 - 16 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2019

and 31 August 2020

53,294

3,730

57,024

DEPRECIATION

At 1 September 2019

50,981

2,923

53,904

Charge for year

578

403

981

At 31 August 2020

51,559

3,326

54,885

NET BOOK VALUE

At 31 August 2020

1,735

404

2,139

At 31 August 2019

2,313

807

3,120

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Related company

7,500

22,106

Tax

-

1,351

7,500

23,457

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade creditors

647

792

Tax

-

3,543

Social security and other taxes

1,630

2,685

Now pension account

178

616

Related company loan

15,439

-

Directors' current accounts

1,783

953

Accrued expenses

3,120

6,108

22,797

14,697

7.	PROVISIONS FOR LIABILITIES

31.8.20

31.8.19

£

£

Deferred tax

406

593

Deferred

tax

£

Balance at 1 September 2019

593

Provided during year

(187

)

Balance at 31 August 2020

406

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.20

31.8.19

value:

£

£

100

Ordinary shares

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 September 2019

21,121

Profit for the year

6,158

At 31 August 2020

27,279

10.	ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any individual person.