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REGISTERED NUMBER: 11277401 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Old Basing Village Nursery School
Limited

Old Basing Village Nursery School
Limited (Registered number: 11277401)

Contents of the Financial Statements
for the Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Old Basing Village Nursery School
Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs V L Grayson
A R Grayson





REGISTERED OFFICE: 61a Hatch Lane
Old Basing
Basingstoke
Hampshire
RG24 7EB





REGISTERED NUMBER: 11277401 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Old Basing Village Nursery School
Limited (Registered number: 11277401)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,624 22,226

CURRENT ASSETS
Debtors 5 2,541 27,163
Cash at bank 54,933 3,718
57,474 30,881
CREDITORS
Amounts falling due within one year 6 53,647 37,019
NET CURRENT ASSETS/(LIABILITIES) 3,827 (6,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,451

16,088

CREDITORS
Amounts falling due after more than one
year

7

(8,431

)

(11,531

)

PROVISIONS FOR LIABILITIES 9 (4,767 ) (4,436 )
NET ASSETS 13,253 121

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 13,153 21
SHAREHOLDERS' FUNDS 13,253 121

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Old Basing Village Nursery School
Limited (Registered number: 11277401)

Balance Sheet - continued
31 August 2023


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 30 October 2023 and were signed on its behalf by:





Mrs V L Grayson - Director


Old Basing Village Nursery School
Limited (Registered number: 11277401)

Notes to the Financial Statements
for the Year Ended 31 August 2023


1. STATUTORY INFORMATION

Old Basing Village Nursery School Limited 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 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Old Basing Village Nursery School
Limited (Registered number: 11277401)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


2. ACCOUNTING POLICIES - continued

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 September 2022 10,820 17,896 28,716
Additions 2,801 - 2,801
At 31 August 2023 13,621 17,896 31,517
DEPRECIATION
At 1 September 2022 5,029 1,461 6,490
Charge for year 1,718 685 2,403
At 31 August 2023 6,747 2,146 8,893
NET BOOK VALUE
At 31 August 2023 6,874 15,750 22,624
At 31 August 2022 5,791 16,435 22,226

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 1,143 859
Other debtors 1,398 26,304
2,541 27,163

Old Basing Village Nursery School
Limited (Registered number: 11277401)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 8) 3,101 3,101
Taxation and social security 32,263 18,863
Other creditors 18,283 15,055
53,647 37,019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts (see note 8) 8,431 11,531

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.8.23 31.8.22
£    £   
Net obligations repayable:
Within one year 3,101 3,101
Between one and five years 8,431 11,531
11,532 14,632

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 4,767 4,436

Deferred
tax
£   
Balance at 1 September 2022 4,436
Accelerated capital allowances 331
Balance at 31 August 2023 4,767

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary £1 100 100