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REGISTERED NUMBER: 08320765 (England and Wales)















APPLETREE CORNER DAYCARE AND PRE-SCHOOL
LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






APPLETREE CORNER DAYCARE AND PRE-SCHOOL
LTD (REGISTERED NUMBER: 08320765)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


APPLETREE CORNER DAYCARE AND PRE-SCHOOL
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr G M J Cothill
Mrs E L Cothill



REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF



REGISTERED NUMBER: 08320765 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: Barclays Bank Plc
316-318 High St
Lincoln
Lincolnshire
LN5 7DP

APPLETREE CORNER DAYCARE AND PRE-SCHOOL
LTD (REGISTERED NUMBER: 08320765)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 976,917 989,116

CURRENT ASSETS
Stocks 3,661 3,487
Debtors 5 105,439 93,195
Cash at bank 62,797 99,836
171,897 196,518
CREDITORS
Amounts falling due within one year 6 89,426 84,245
NET CURRENT ASSETS 82,471 112,273
TOTAL ASSETS LESS CURRENT LIABILITIES 1,059,388 1,101,389

CREDITORS
Amounts falling due after more than one year 7 (818,057 ) (861,517 )

PROVISIONS FOR LIABILITIES (14,751 ) (16,363 )
NET ASSETS 226,580 223,509

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 226,579 223,508
SHAREHOLDERS' FUNDS 226,580 223,509

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:



Mrs E L Cothill - Director


APPLETREE CORNER DAYCARE AND PRE-SCHOOL
LTD (REGISTERED NUMBER: 08320765)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Appletree Corner Daycare and Pre-School 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.

Turnover
Turnover is measured at the fair value of consideration received for net invoiced nursery fees which are recognised during the period of attendance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost and Nil
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are held at cost less accumulated depreciation.

Stocks
Stocks are stated at the lower of cost and fair value less costs to sell, after making due allowance for obsolete items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 32 (2022 - 30 ) .

APPLETREE CORNER DAYCARE AND PRE-SCHOOL
LTD (REGISTERED NUMBER: 08320765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 997,725 44,513 1,042,238
Disposals - (570 ) (570 )
At 31 March 2023 997,725 43,943 1,041,668
DEPRECIATION
At 1 April 2022 33,576 19,546 53,122
Charge for year 6,626 5,451 12,077
Eliminated on disposal - (448 ) (448 )
At 31 March 2023 40,202 24,549 64,751
NET BOOK VALUE
At 31 March 2023 957,523 19,394 976,917
At 31 March 2022 964,149 24,967 989,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,236 6,303
Directors' loan accounts 96,577 80,332
Prepayments and accrued income 4,626 6,560
105,439 93,195

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,709 37,757
Taxation 25,488 33,200
Other creditors 9,340 5,437
Accruals and deferred income 9,889 7,851
89,426 84,245

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 60,348 51,540
Bank loans - 2-5 years 757,709 809,977
818,057 861,517

APPLETREE CORNER DAYCARE AND PRE-SCHOOL
LTD (REGISTERED NUMBER: 08320765)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 862,766 899,274

The bank loan is secured by a fixed charge over the company's property and a floating charge over the company's other assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary .002 1 1

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

20232022
£ £
Balance outstanding at start of year80,33210,731
Amounts advanced145,083184,895
Amounts repaid128,838115,294
Balance outstanding at end of year96,57780,332
The loan is unsecured and interest has been charged at 2% (2022 - 2%) per annum.

11. POST BALANCE SHEET EVENTS

Subsequent to the year end the company approved dividends of £115,000.