Jennifer Lace Childcare (Shropshire) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09178164 (England and Wales)

JENNIFER LACE CHILDCARE (SHROPSHIRE) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 SEPTEMBER 2022 TO 31 MARCH 2023

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 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

-

35,572

Investments

5

52,554

51,638

52,554

87,210

CURRENT ASSETS

Debtors

6

65,621

65,437

Cash at bank

538,346

101,957

603,967

167,394

CREDITORS

Amounts falling due within one year

7

155,723

54,888

NET CURRENT ASSETS

448,244

112,506

TOTAL ASSETS LESS CURRENT LIABILITIES

500,798

199,716

CREDITORS

Amounts falling due after more than one year

8

22,048

27,907

NET ASSETS

478,750

171,809

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

478,748

171,807

SHAREHOLDERS' FUNDS

478,750

171,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 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 7 December 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 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 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 period 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 period 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 period was 32 (2022 - 45 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

property

fittings

Totals

£

£

£

COST

At 1 September 2022

18,436

60,283

78,719

Disposals

(18,436

)

(60,283

)

(78,719

)

At 31 March 2023

-

-

-

DEPRECIATION

At 1 September 2022

14,507

28,640

43,147

Eliminated on disposal

(14,507

)

(28,640

)

(43,147

)

At 31 March 2023

-

-

-

NET BOOK VALUE

At 31 March 2023

-

-

-

At 31 August 2022

3,929

31,643

35,572

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 September 2022

51,638

Revaluations

916

At 31 March 2023

52,554

NET BOOK VALUE

At 31 March 2023

52,554

At 31 August 2022

51,638

Cost or valuation at 31 March 2023 is represented by:

Other

investments

£

Valuation in 2022

1,638

Valuation in 2023

916

Cost

50,000

52,554

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

2023

2022

£

£

Cost

50,000

50,000

Listed investments were valued on an open market basis on 21 February 2023 by Hannah Consultancy Ltd .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other debtors

65,621

65,437

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

9,780

9,750

Trade creditors

12,833

5,309

Taxation and social security

98,645

7,150

Other creditors

34,465

32,679

155,723

54,888

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Other creditors

22,048

27,907

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

1

Ordinary

£1

1

1

1

Ordinary B

£1

1

1

2

2