Jennifer Lace Childcare (Shropshire) Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 09178164

JENNIFER LACE CHILDCARE (SHROPSHIRE) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss H Vyse

SECRETARY:

Miss S Vyse

REGISTERED OFFICE:

The Old Mill Barn

Mill Street

Bridgnorth

Shropshire

WV15 5AG

REGISTERED NUMBER:

09178164

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

35,572

39,229

Investments

5

51,638

-

87,210

39,229

CURRENT ASSETS

Debtors

6

65,437

40,853

Cash at bank

101,957

189,936

167,394

230,789

CREDITORS

Amounts falling due within one year

7

35,988

61,543

NET CURRENT ASSETS

131,406

169,246

TOTAL ASSETS LESS CURRENT LIABILITIES

218,616

208,475

CREDITORS

Amounts falling due after more than one year

8

27,907

37,498

NET ASSETS

190,709

170,977

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

190,707

170,975

SHAREHOLDERS' FUNDS

190,709

170,977

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 8 February 2023 and were signed by:

Miss H Vyse - Director

1.	STATUTORY INFORMATION

Jennifer Lace Childcare (Shropshire) Ltd is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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.

Improvements to property

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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 45 (2021 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 September 2021

18,436

57,375

75,811

Additions

-

2,908

2,908

At 31 August 2022

18,436

60,283

78,719

DEPRECIATION

At 1 September 2021

13,525

23,057

36,582

Charge for year

982

5,583

6,565

At 31 August 2022

14,507

28,640

43,147

NET BOOK VALUE

At 31 August 2022

3,929

31,643

35,572

At 31 August 2021

4,911

34,318

39,229

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

Additions

50,000

Revaluations

1,638

At 31 August 2022

51,638

NET BOOK VALUE

At 31 August 2022

51,638

Cost or valuation at 31 August 2022 is represented by:

Other

investments

£

Valuation in 2022

1,638

Cost

50,000

51,638

If listed investments had not been revalued they would have been included at the following historical cost:

2022

2021

£

£

Cost

50,000

-

listed investments were valued on an open market basis on 31 August 2022 by Hannah Consultancy Ltd .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

65,437

40,853

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

9,750

10,000

Trade creditors

5,309

5,884

Taxation and social security

13,575

27,299

Other creditors

7,354

18,360

35,988

61,543

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

27,907

37,498

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary B Share

£1

1

1