The Childcare Company (Narborough) Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 11799226 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

The Childcare Company (Narborough)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B C Ghelani

Mrs J B Ghelani

REGISTERED OFFICE:

Grace House

2 Grace Road

Leicester

Leicestershire

LE2 8AD

REGISTERED NUMBER:

11799226 (England and Wales)

ACCOUNTANTS:

torr waterfield

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

813

617

CURRENT ASSETS

Debtors

5

146,687

227,081

Cash in hand

471

124

147,158

227,205

CREDITORS

Amounts falling due within one year

6

(143,061

)

(135,934

)

NET CURRENT ASSETS

4,097

91,271

TOTAL ASSETS LESS CURRENT LIABILITIES

4,910

91,888

CREDITORS

Amounts falling due after more than one year

7

-

(89,890

)

PROVISIONS FOR LIABILITIES

(154

)

(117

)

NET ASSETS

4,756

1,881

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,755

1,880

4,756

1,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2022 and were signed on its behalf by:

B C Ghelani - Director

1.	STATUTORY INFORMATION

The Childcare Company (Narborough) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 14 (2021 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2021

559

350

909

Additions

-

632

632

At 31 March 2022

559

982

1,541

DEPRECIATION

At 1 April 2021

61

231

292

Charge for year

112

324

436

At 31 March 2022

173

555

728

NET BOOK VALUE

At 31 March 2022

386

427

813

At 31 March 2021

498

119

617

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Amounts owed by group undertakings

146,284

226,781

Other debtors

403

300

146,687

227,081

Other debtors includes prepayments and accrued income of £403 (2021: NIL)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans and overdrafts

-

10,943

Trade creditors

427

2,044

Taxation and social security

31,177

14,901

Other creditors

111,457

108,046

143,061

135,934

Other creditors includes accruals and deferred income of £98,331 (2021: £95,437).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.22

31.3.21

£

£

Bank loans

-

89,890

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

-

41,940

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.22

31.3.21

£

£

Bank loans

-

100,833

Bank loan was secured on the assets of the company. Furthermore a cross guarantee has been given by The Childcare Company Holdings Ltd to secure the liability.

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £1,292 (2021: £1,292).