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REGISTERED NUMBER: 09296844 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2022

for

The Stables Day Nursery Monton Limited

The Stables Day Nursery Monton Limited (Registered number: 09296844)






Contents of the Financial Statements
for the year ended 31 January 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


The Stables Day Nursery Monton Limited

Company Information
for the year ended 31 January 2022







DIRECTORS: Mrs J H Hardman
D Hardman
Mrs N L Lansley





REGISTERED OFFICE: 348 Moorside Road
Swinton
Manchester
Greater Manchester
M27 9PW





REGISTERED NUMBER: 09296844 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

The Stables Day Nursery Monton Limited (Registered number: 09296844)

Abridged Balance Sheet
31 January 2022

31/1/22 31/1/21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 355,029 364,768

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 6,295 9,322
Cash at bank 11,396 88,455
23,691 103,777
CREDITORS
Amounts falling due within one year 181,775 211,554
NET CURRENT LIABILITIES (158,084 ) (107,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,945

256,991

CREDITORS
Amounts falling due after more than one
year

(128,879

)

(179,253

)

PROVISIONS FOR LIABILITIES (7,206 ) (8,252 )
NET ASSETS 60,860 69,486

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 60,760 69,386
SHAREHOLDERS' FUNDS 60,860 69,486

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 Stables Day Nursery Monton Limited (Registered number: 09296844)

Abridged Balance Sheet - continued
31 January 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 June 2022 and were signed on its behalf by:




Mrs N L Lansley - Director



Mrs J H Hardman - Director


The Stables Day Nursery Monton Limited (Registered number: 09296844)

Notes to the Financial Statements
for the year ended 31 January 2022

1. STATUTORY INFORMATION

The Stables Day Nursery Monton 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.

The financial statements have been prepared on a going concern basis. The company has net liabilities in the current and previous financial year. The company is reliant on the continued financial support of the bank by way of loans and overdrafts. The company is reliant on the continued financial support of the director. The directors are of the opinion that trading performance will improve over the next financial year and that the relevant support will be maintained. No adjustments have been made that may have been found necessary if any other basis of preparation had been used.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company provides a childcare service to nursery aged children. Revenue is recognised in the accounting period in which the service is rendered. Grant income is received from the local council which is deferred to recognise only the income for which the service has been provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance

Government grants
Covid-19 grants provided by the government are revenue-based grants and have been accounted for using the Accrual model. The grant has been recognised as income on a systematic basis over the period in which the entity recognises the related loss for which the grant is intended to compensate.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.


The Stables Day Nursery Monton Limited (Registered number: 09296844)

Notes to the Financial Statements - continued
for the year ended 31 January 2022

2. ACCOUNTING POLICIES - continued
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.

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 19 (2021 - 19 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2021 453,276
Additions 1,185
At 31 January 2022 454,461
DEPRECIATION
At 1 February 2021 88,508
Charge for year 10,924
At 31 January 2022 99,432
NET BOOK VALUE
At 31 January 2022 355,029
At 31 January 2021 364,768

The Stables Day Nursery Monton Limited (Registered number: 09296844)

Notes to the Financial Statements - continued
for the year ended 31 January 2022

5. SECURED DEBTS

The following secured debts are included within creditors:

31/1/22 31/1/21
£    £   
Bank loans 177,129 224,920

6. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31/1/22 31/1/21
value: £    £   
100 Ordinary £1 100 100