Creative Stars Day Nursery Limited 10181132 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is children's day-care and pre-primary education. Digita Accounts Production Advanced 6.30.9574.0 true 10181132 2022-06-01 2023-05-31 10181132 2023-05-31 10181132 core:RetainedEarningsAccumulatedLosses 2023-05-31 10181132 core:ShareCapital 2023-05-31 10181132 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10181132 core:FurnitureFittingsToolsEquipment 2023-05-31 10181132 core:MotorVehicles 2023-05-31 10181132 bus:SmallEntities 2022-06-01 2023-05-31 10181132 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 10181132 bus:AbridgedAccounts 2022-06-01 2023-05-31 10181132 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 10181132 bus:RegisteredOffice 2022-06-01 2023-05-31 10181132 bus:CompanySecretary1 2022-06-01 2023-05-31 10181132 bus:Director1 2022-06-01 2023-05-31 10181132 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 10181132 core:ComputerEquipment 2022-06-01 2023-05-31 10181132 core:FurnitureFittings 2022-06-01 2023-05-31 10181132 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 10181132 core:MotorCars 2022-06-01 2023-05-31 10181132 core:MotorVehicles 2022-06-01 2023-05-31 10181132 countries:England 2022-06-01 2023-05-31 10181132 2022-05-31 10181132 core:FurnitureFittingsToolsEquipment 2022-05-31 10181132 core:MotorVehicles 2022-05-31 10181132 2021-06-01 2022-05-31 10181132 2022-05-31 10181132 core:RetainedEarningsAccumulatedLosses 2022-05-31 10181132 core:ShareCapital 2022-05-31 10181132 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 10181132 core:FurnitureFittingsToolsEquipment 2022-05-31 10181132 core:MotorVehicles 2022-05-31 iso4217:GBP xbrli:pure

Registration number: 10181132

Creative Stars Day Nursery Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2023

 

Creative Stars Day Nursery Limited

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

Creative Stars Day Nursery Limited

Company Information

Director

D A Day

Company secretary

L Day

Registered office

Macklin House
Shackleton Close
Forest Hill
London
SE23 3YP

 

Creative Stars Day Nursery Limited

Director's Report for the Year Ended 31 May 2023

The director presents her report and the abridged financial statements for the year ended 31 May 2023.

Director of the company

The director who held office during the year was as follows:

D A Day

Principal activity

The principal activity of the company is children's day-care and pre-primary education.

Small companies provision statement

This report has 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.

Approved and authorised by the director on 13 October 2023
 

.........................................
D A Day
Director

 

Creative Stars Day Nursery Limited

(Registration number: 10181132)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

3,672

4,847

Current assets

 

Cash at bank and in hand

 

6,151

12,284

Prepayments and accrued income

 

911

1,000

Creditors: Amounts falling due within one year

(11,404)

(19,395)

Net current liabilities

 

(4,342)

(6,111)

Total assets less current liabilities

 

(670)

(1,264)

Accruals and deferred income

 

(1,458)

(1,458)

Net liabilities

 

(2,128)

(2,722)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(2,228)

(2,822)

Total equity

 

(2,128)

(2,722)

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.

Director's 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 director acknowledges her 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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

 

Creative Stars Day Nursery Limited

(Registration number: 10181132)
Abridged Balance Sheet as at 31 May 2023

Approved and authorised by the director on 13 October 2023
 

.........................................

D A Day

Director

 

Creative Stars Day Nursery Limited

Notes to the Unaudited Abridged 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:
Macklin House
Shackleton Close
Forest Hill
London
SE23 3YP
England

These financial statements were authorised for issue by the director on 13 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 abridged 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 abridged 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Creative Stars Day Nursery Limited

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

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:

Asset class

Depreciation method and rate

Computer equipment

Straight line over four years

Fixtures and fittings

Straight line over four years

Motor vehicles

Straight line over four years

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.

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

 

Creative Stars Day Nursery Limited

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

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2022 - 8).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

2,291

2,520

 

Creative Stars Day Nursery Limited

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

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2022

20,679

26,262

46,941

Additions

1,117

-

1,117

At 31 May 2023

21,796

26,262

48,058

Depreciation

At 1 June 2022

15,832

26,262

42,094

Charge for the year

2,292

-

2,292

At 31 May 2023

18,124

26,262

44,386

Carrying amount

At 31 May 2023

3,672

-

3,672

At 31 May 2022

4,847

-

4,847