Bracken Place Day Nursery Limited 05047645 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is Day Nursery Digita Accounts Production Advanced 6.30.9574.0 true 05047645 2022-06-01 2023-05-31 05047645 2023-05-31 05047645 core:RetainedEarningsAccumulatedLosses 2023-05-31 05047645 core:ShareCapital 2023-05-31 05047645 core:CurrentFinancialInstruments 2023-05-31 05047645 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 05047645 core:Non-currentFinancialInstruments 2023-05-31 05047645 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 05047645 core:MoreThanFiveYears 1 2023-05-31 05047645 core:LandBuildings 2023-05-31 05047645 core:OtherPropertyPlantEquipment 2023-05-31 05047645 bus:SmallEntities 2022-06-01 2023-05-31 05047645 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 05047645 bus:FullAccounts 2022-06-01 2023-05-31 05047645 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 05047645 bus:RegisteredOffice 2022-06-01 2023-05-31 05047645 bus:CompanySecretaryDirector1 2022-06-01 2023-05-31 05047645 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 05047645 core:LandBuildings 2022-06-01 2023-05-31 05047645 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 05047645 core:PlantMachinery 2022-06-01 2023-05-31 05047645 countries:England 2022-06-01 2023-05-31 05047645 2022-05-31 05047645 core:LandBuildings 2022-05-31 05047645 core:OtherPropertyPlantEquipment 2022-05-31 05047645 2021-06-01 2022-05-31 05047645 2022-05-31 05047645 core:RetainedEarningsAccumulatedLosses 2022-05-31 05047645 core:ShareCapital 2022-05-31 05047645 core:CurrentFinancialInstruments 2022-05-31 05047645 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 05047645 core:Non-currentFinancialInstruments 2022-05-31 05047645 core:Non-currentFinancialInstruments core:AfterOneYear 2022-05-31 05047645 core:MoreThanFiveYears 1 2022-05-31 05047645 core:LandBuildings 2022-05-31 05047645 core:OtherPropertyPlantEquipment 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 05047645

Bracken Place Day Nursery Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2023

 

Bracken Place Day Nursery Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Bracken Place Day Nursery Limited

(Registration number: 05047645)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

938,494

945,746

Current assets

 

Stocks

5

4,000

1,800

Debtors

6

1,243,590

1,219,845

Cash at bank and in hand

 

209

3,482

 

1,247,799

1,225,127

Creditors: Amounts falling due within one year

7

(367,743)

(313,427)

Net current assets

 

880,056

911,700

Total assets less current liabilities

 

1,818,550

1,857,446

Creditors: Amounts falling due after more than one year

7

(1,110,214)

(1,210,233)

Net assets

 

708,336

647,213

Capital and reserves

 

Called up share capital

100

100

Retained earnings

708,236

647,113

Shareholders' funds

 

708,336

647,213

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 October 2023 and signed on its behalf by:
 

.........................................
Mr N J Clitheroe
Company secretary and director

 

Bracken Place Day Nursery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 2 Healey House
Dene Road
Andover
Hampshire
SP10 2AA

The principal place of business is:
3 Bracken Place
Chilworth
Southampton
SO16 3NG

These financial statements were authorised for issue by the Board on 8 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents the value of work carried out in respect of services provided to customers.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Bracken Place Day Nursery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Asset class

Depreciation method and rate

Freehold land and buildings

Buildings 2% straight line, Land nil

Plant and machinery

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Bracken Place Day Nursery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments


Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 22 (2022 - 27).

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

1,212,076

41,782

1,253,858

Additions

-

10,513

10,513

At 31 May 2023

1,212,076

52,295

1,264,371

Depreciation

At 1 June 2022

271,909

36,203

308,112

Charge for the year

15,106

2,659

17,765

At 31 May 2023

287,015

38,862

325,877

Carrying amount

At 31 May 2023

925,061

13,433

938,494

At 31 May 2022

940,167

5,579

945,746

Included within the net book value of land and buildings above is £925,061 (2022 - £940,167) in respect of freehold land and buildings.
 

 

Bracken Place Day Nursery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

5

Stocks

2023
£

2022
£

Other inventories

4,000

1,800

6

Debtors

Current

2023
£

2022
£

Prepayments

18,153

22,736

Other debtors

1,225,437

1,197,109

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

140,189

164,041

Trade creditors

 

6,277

1,726

Taxation and social security

 

115,665

72,503

Accruals and deferred income

 

79,037

75,157

Other creditors

 

26,575

-

 

367,743

313,427

Bank Loans in the sum of £971,802 are secured by the company.

 

Bracken Place Day Nursery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

1,110,214

1,210,233

2023
£

2022
£

Due after more than five years

After more than five years by instalments

722,926

785,426

-

-

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

934,661

983,058

Other borrowings

175,553

227,175

1,110,214

1,210,233

2023
£

2022
£

Current loans and borrowings

Bank borrowings

37,141

46,399

Bank overdrafts

4,774

-

Other borrowings

98,274

117,642

140,189

164,041