Moy, the UKBA term used for child applications as British Citizen is Registration and not Naturalisation. The requirements for children are a lot simpler than for adults.
Your daughter cannot follow the same route as you Moy. She needs to 18 years old or over to apply for naturalisation.
Please don't panic Moy, just read
Can I register a child aged under 18 as a British citizen?
You can naturalise on form AN (Cost = £874) and your daughter can register as British Citizen on form MN1 (Cost = £673).
When your daughter reaches 18 years old she must apply for British citizenship as an adult, either by registration where they have an entitlement, or by naturalisation