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REGISTERED NUMBER: 04793063 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

BARNEY BEARS NURSERY'S LTD

BARNEY BEARS NURSERY'S LTD (REGISTERED NUMBER: 04793063)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BARNEY BEARS NURSERY'S LTD

Company Information
for the year ended 30 June 2023







Directors: Ms L A Clarke
Ms S L Hawkins





Secretary: Ms S L Hawkins





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 04793063 (England and Wales)





Accountants: Haines Watts South East LLP
Chartered Accountants
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

BARNEY BEARS NURSERY'S LTD (REGISTERED NUMBER: 04793063)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 349,453 365,715

Current assets
Debtors 5 193,729 180,410
Cash at bank and in hand 55,306 2,361
249,035 182,771
Creditors
Amounts falling due within one year 6 365,594 285,682
Net current liabilities (116,559 ) (102,911 )
Total assets less current liabilities 232,894 262,804

Creditors
Amounts falling due after more than one
year

7

(213,455

)

(245,916

)

Provisions for liabilities (7,013 ) (7,911 )
Net assets 12,426 8,977

Capital and reserves
Called up share capital 8 100 100
Retained earnings 12,326 8,877
Shareholders' funds 12,426 8,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:




Ms L A Clarke - Director


BARNEY BEARS NURSERY'S LTD (REGISTERED NUMBER: 04793063)

Notes to the Financial Statements
for the year ended 30 June 2023


1. Statutory information

Barney Bears Nursery's 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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

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
Short leasehold - Straight line over 9 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

BARNEY BEARS NURSERY'S LTD (REGISTERED NUMBER: 04793063)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 67 (2022 - 78 ) .

BARNEY BEARS NURSERY'S LTD (REGISTERED NUMBER: 04793063)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. Tangible fixed assets
Fixtures
Freehold Short Plant and and
property leasehold machinery fittings Totals
£    £    £    £    £   
Cost
At 1 July 2022 401,644 2,673 156,182 76,517 637,016
Additions - - 1,196 - 1,196
At 30 June 2023 401,644 2,673 157,378 76,517 638,212
Depreciation
At 1 July 2022 81,389 1,931 125,724 62,257 271,301
Charge for year 8,033 297 6,276 2,852 17,458
At 30 June 2023 89,422 2,228 132,000 65,109 288,759
Net book value
At 30 June 2023 312,222 445 25,378 11,408 349,453
At 30 June 2022 320,255 742 30,458 14,260 365,715

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 71,035 30,000
Other debtors 122,694 150,410
193,729 180,410

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 35,573 59,172
Trade creditors 41,165 52,158
Taxation and social security 124,097 61,541
Other creditors 164,759 112,811
365,594 285,682

The amount of secured creditors total £35,573 (2022: £59,172) are secured over certain assets of the company.

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 213,455 245,916

Included within creditors amounts falling due after more than one year is an amount of £213,455 (2022: £245,916) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

BARNEY BEARS NURSERY'S LTD (REGISTERED NUMBER: 04793063)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

9. Operating lease

The total minimum commitments under non-cancellable operating leases as at 30th June 2023 was £487,223 (2022: £574,993).

10. Directors advances,credits and guarantees

During the year advances of £3,408 (2022: £Nil) were made to the directors. The balance represented interest free loans, repayable on demand. As at 30th June 2023 £52,408 (2022: £49,000) of the advances remain repayable to the company by the directors.