90 false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 100,000 349,997 449,997 100,000 349,997 xbrli:pure xbrli:shares iso4217:GBP 04829522 2022-01-01 2022-07-07 04829522 2022-07-07 04829522 2021-12-31 04829522 2021-01-01 2021-12-31 04829522 2021-12-31 04829522 2020-12-31 04829522 core:NetGoodwill 2022-01-01 2022-07-07 04829522 core:LandBuildings core:LongLeaseholdAssets 2022-01-01 2022-07-07 04829522 core:PlantMachinery 2022-01-01 2022-07-07 04829522 bus:Director3 2022-01-01 2022-07-07 04829522 bus:Director1 2022-01-01 2022-07-07 04829522 bus:Director2 2022-01-01 2022-07-07 04829522 core:WithinOneYear 2022-07-07 04829522 core:WithinOneYear 2021-12-31 04829522 core:NetGoodwill 2022-07-07 04829522 core:LandBuildings core:OwnedOrFreeholdAssets 2021-12-31 04829522 core:LandBuildings core:LongLeaseholdAssets 2021-12-31 04829522 core:LandBuildings core:ShortLeaseholdAssets 2021-12-31 04829522 core:PlantMachinery 2021-12-31 04829522 core:LandBuildings core:OwnedOrFreeholdAssets 2022-07-07 04829522 core:LandBuildings core:LongLeaseholdAssets 2022-07-07 04829522 core:LandBuildings core:ShortLeaseholdAssets 2022-07-07 04829522 core:PlantMachinery 2022-07-07 04829522 core:LandBuildings core:OwnedOrFreeholdAssets 2022-01-01 2022-07-07 04829522 core:LandBuildings core:ShortLeaseholdAssets 2022-01-01 2022-07-07 04829522 core:AfterOneYear 2022-07-07 04829522 core:AfterOneYear 2021-12-31 04829522 core:ShareCapital 2022-07-07 04829522 core:ShareCapital 2021-12-31 04829522 core:RetainedEarningsAccumulatedLosses 2022-07-07 04829522 core:RetainedEarningsAccumulatedLosses 2021-12-31 04829522 core:NetGoodwill 2021-12-31 04829522 core:LandBuildings core:OwnedOrFreeholdAssets 2021-12-31 04829522 core:LandBuildings core:LongLeaseholdAssets 2021-12-31 04829522 core:LandBuildings core:ShortLeaseholdAssets 2021-12-31 04829522 core:PlantMachinery 2021-12-31 04829522 bus:Director1 2021-12-31 04829522 bus:Director1 2022-07-07 04829522 bus:Director2 2021-12-31 04829522 bus:Director2 2022-07-07 04829522 bus:Director1 2020-12-31 04829522 bus:Director1 2021-12-31 04829522 bus:Director2 2020-12-31 04829522 bus:Director2 2021-12-31 04829522 bus:Director1 2021-01-01 2021-12-31 04829522 bus:Director2 2021-01-01 2021-12-31 04829522 bus:SmallEntities 2022-01-01 2022-07-07 04829522 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-07-07 04829522 bus:FullAccounts 2022-01-01 2022-07-07 04829522 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-07-07 04829522 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-07-07 04829522 core:LeaseholdImprovements 2022-01-01 2022-07-07 04829522 core:LeaseholdImprovements 2021-12-31 04829522 core:LeaseholdImprovements 2022-07-07
COMPANY REGISTRATION NUMBER: 04829522
The Cheshire Day Nursery Limited
Filleted Unaudited Financial Statements
7 July 2022
The Cheshire Day Nursery Limited
Statement of Financial Position
7 July 2022
7 Jul 22
31 Dec 21
Note
£
£
£
Fixed assets
Intangible assets
5
349,997
Tangible assets
6
2,033,905
1,293,680
------------
------------
2,383,902
1,293,680
Current assets
Stocks
10,000
Debtors
7
920,974
804,894
Cash at bank and in hand
708,696
645,526
------------
------------
1,629,670
1,460,420
Creditors: amounts falling due within one year
8
1,849,422
596,655
------------
------------
Net current (liabilities)/assets
( 219,752)
863,765
------------
------------
Total assets less current liabilities
2,164,150
2,157,445
Creditors: amounts falling due after more than one year
9
488,112
551,581
------------
------------
Net assets
1,676,038
1,605,864
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
1,676,036
1,605,862
------------
------------
Shareholders funds
1,676,038
1,605,864
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 7 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
The Cheshire Day Nursery Limited
Statement of Financial Position (continued)
7 July 2022
These financial statements were approved by the board of directors and authorised for issue on 2 November 2023 , and are signed on behalf of the board by:
C E Wilson
Director
Company registration number: 04829522
The Cheshire Day Nursery Limited
Notes to the Financial Statements
Period from 1 January 2022 to 7 July 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sycamore House, Sutton Quays Business Park, Sutton Weaver, Runcorn, Cheshire, WA7 3EH, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property
-
20% straight line
Leasehold Property Improvements
-
5/10% straight Line
Fixtures & Equipment
-
25% reducing balance
Freehold Property Improvements
-
10% straight line
The freehold property has not been depreciated. The useful economic life is expected to exceed 50 years due to the nature of the building and in addition, the residual value should not be less than the cost due to increase in property values. The company does also have a policy of continued maintenance and improvement. In this respect, depreciation would not be material to the accounts.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 90 (2021: 92 ).
5. Intangible assets
Goodwill
£
Cost
At 1 January 2022
100,000
Additions
Acquisitions through business combinations
349,997
---------
At 7 July 2022
449,997
---------
Amortisation
At 1 January 2022 and 7 July 2022
100,000
---------
Carrying amount
At 7 July 2022
349,997
---------
At 31 December 2021
---------
6. Tangible assets
Freehold property
Long leasehold property
Short leasehold property
Plant and machinery
Freehold Property Improvements
Total
£
£
£
£
£
£
Cost
At 1 Jan 2022
1,167,321
70,961
78,073
251,064
11,574
1,578,993
Additions
749,999
1
3,146
753,146
------------
--------
--------
---------
--------
------------
At 7 Jul 2022
1,917,320
70,962
78,073
254,210
11,574
2,332,139
------------
--------
--------
---------
--------
------------
Depreciation
At 1 Jan 2022
60,000
44,570
176,884
3,859
285,313
Charge for the period
2,497
9,821
603
12,921
------------
--------
--------
---------
--------
------------
At 7 Jul 2022
60,000
47,067
186,705
4,462
298,234
------------
--------
--------
---------
--------
------------
Carrying amount
At 7 Jul 2022
1,917,320
10,962
31,006
67,505
7,112
2,033,905
------------
--------
--------
---------
--------
------------
At 31 Dec 2021
1,167,321
10,961
33,503
74,180
7,715
1,293,680
------------
--------
--------
---------
--------
------------
7. Debtors
7 Jul 22
31 Dec 21
£
£
Trade debtors
28,820
Prepayments and accrued income
11,478
Other debtors
880,676
804,894
---------
---------
920,974
804,894
---------
---------
8. Creditors: amounts falling due within one year
7 Jul 22
31 Dec 21
£
£
Bank loans and overdrafts
106,148
78,571
Trade creditors
1,906
29,685
Accruals and deferred income
414,603
224,780
Corporation tax
221,686
135,381
Social security and other taxes
21,222
Director loan accounts
1,100,001
47
Other creditors
5,078
106,969
------------
---------
1,849,422
596,655
------------
---------
Included in creditors due within one year are secured debts of £66,131.
9. Creditors: amounts falling due after more than one year
7 Jul 22
31 Dec 21
£
£
Bank loans and overdrafts
488,112
551,581
---------
---------
Included in creditors due after more than one year are secured debts of £488,112.
Included in creditors due after more than one year are debts totalling £191,162 which are due after more than five years.
10. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
7 Jul 22
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs BC Burling
( 23)
( 549,977)
( 550,000)
Mrs JE Mannering
( 24)
( 549,977)
( 550,001)
----
------------
------------
( 47)
( 1,099,954)
( 1,100,001)
----
------------
------------
31 Dec 21
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mrs BC Burling
( 5)
( 18)
( 23)
Mrs JE Mannering
( 5)
( 19)
( 24)
----
----
----
( 10)
( 37)
( 47)
----
----
----