Registered number
05740031
Heathfield House Day Nursery Limited
Unaudited Filleted Accounts
31 March 2023
Heathfield House Day Nursery Limited
Registered number: 05740031
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 9,328 8,323
Current assets
Debtors 5 4,421 26,203
Cash at bank and in hand 221,774 95,043
226,195 121,246
Creditors: amounts falling due within one year 6 (54,154) (53,087)
Net current assets 172,041 68,159
Total assets less current liabilities 181,369 76,482
Creditors: amounts falling due after more than one year 7 (21,669) (31,667)
Net assets 159,700 44,815
Capital and reserves
Called up share capital 100 100
Profit and loss account 159,600 44,715
Shareholders' funds 159,700 44,815
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gary Kirkwood
Director
Approved by the board on 25 October 2023
Heathfield House Day Nursery Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings over 10 years
Plant and machinery over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 18 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 115,000
At 31 March 2023 115,000
Amortisation
At 1 April 2022 115,000
At 31 March 2023 115,000
Net book value
At 31 March 2023 -
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2022 3,000 59,773 62,773
Additions - 4,594 4,594
At 31 March 2023 3,000 64,367 67,367
Depreciation
At 1 April 2022 275 54,175 54,450
Charge for the year 300 3,289 3,589
At 31 March 2023 575 57,464 58,039
Net book value
At 31 March 2023 2,425 6,903 9,328
At 31 March 2022 2,725 5,598 8,323
5 Debtors 2023 2022
£ £
Other debtors 4,421 26,203
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 1,405 3,359
Corporation tax 34,918 16,526
Other taxes and social security costs 677 3,335
Other creditors 7,154 19,867
54,154 53,087
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 21,669 31,667
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 75,000 110,000
9 Related party transactions
Dividends of £10,500 (2022: £18,000) were paid to each of Gary Kirkwood and Mrs Lisa Anne Kirkwood during the period.

Dividends of £7,000 (2022: £12,000) were paid to Miss Natasha Victoria Kirkwood and James Kirkwood, son of Gary Kirkwood and Mrs Lisa Anne Kirkwood, during the period.

Interest free, unsecured loans of £nil (2022: £131,314) due from L&G Homes Limited (company number 03709047), a company controlled by the directors, were released during the period.

Interest free, unsecured loans of £2,618 (2022: £nil) due from Little Weavers Day Nursery Limited (company number 07376902), a company controlled by the directors, were released during the period.
10 Controlling party
The company is controlled by the directors.
11 Other information
Heathfield House Day Nursery Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Scullard Chartered Accountants
197-201 Manchester Road
Altrincham
Cheshire
WA14 5NU
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