Playdays Pre-school Limited - Accounts to registrar (filleted) - small 23.2.5

PLAYDAYS PRE-SCHOOL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C Moore

Mrs L Speck

REGISTERED OFFICE:

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

REGISTERED NUMBER:

06482261 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,902

2,255

1,902

2,255

CURRENT ASSETS

Debtors

6

-

469

Cash at bank and in hand

32,381

15,740

32,381

16,209

CREDITORS

Amounts falling due within one year

7

17,814

11,072

NET CURRENT ASSETS

14,567

5,137

TOTAL ASSETS LESS CURRENT LIABILITIES

16,469

7,392

PROVISIONS FOR LIABILITIES

362

429

NET ASSETS

16,107

6,963

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

16,105

6,961

SHAREHOLDERS' FUNDS

16,107

6,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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 30th April 2024 and were signed on its behalf by:

Mrs C Moore - Director

Mrs L Speck - Director

1.	STATUTORY INFORMATION

Playdays Pre-school 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.

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.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2023

and 31st January 2024

15,000

AMORTISATION

At 1st February 2023

and 31st January 2024

15,000

NET BOOK VALUE

At 31st January 2024

-

At 31st January 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st February 2023

and 31st January 2024

8,974

1,842

10,816

DEPRECIATION

At 1st February 2023

6,858

1,703

8,561

Charge for year

318

35

353

At 31st January 2024

7,176

1,738

8,914

NET BOOK VALUE

At 31st January 2024

1,798

104

1,902

At 31st January 2023

2,116

139

2,255

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.24

31.1.23

£

£

Other debtors

-

469

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.24

31.1.23

£

£

Taxation and social security

10,435

7,792

Other creditors

7,379

3,280

17,814

11,072

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.24

31.1.23

value:

£

£

2

Ordinary

1

2

2

9.

RESERVES

Retained

earnings

£

At 1st February 2023

6,961

Profit for the year

42,944

Dividends

(33,800

)

At 31st January 2024

16,105

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £2,409. (2023 - £417) to C Moore and £3719 (2023 - £1,682) L Speck the directors and shareholders of the company. The loans were interest free and repayable on demand.