Company Registration No. 09267106 (England and Wales)
High Hopes Day Nursery School Ltd
for the year ended 31 March 2023
High Hopes Day Nursery School Ltd
Contents
High Hopes Day Nursery School Ltd
Company Information
for the year ended 31 March 2023
Directors
Mrs Jagruti Soni
Mr Nirav Mansukhbai Soni
Company Number
09267106 (England and Wales)
Registered Office
40 FOXTON ROAD
HAMILTON
LEICESTER
LE5 1AY
Accountants
BGS Accounting Limited
75 Exploration Drive
Leicester
LE4 5NU
High Hopes Day Nursery School Ltd
Accountants' report
Accountants' report to the board of directors of High Hopes Day Nursery School Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
High Hopes Day Nursery School Ltd for the year ended
31 March 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of High Hopes Day Nursery School Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of High Hopes Day Nursery School Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than High Hopes Day Nursery School Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that High Hopes Day Nursery School Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of High Hopes Day Nursery School Ltd. You consider that High Hopes Day Nursery School Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of High Hopes Day Nursery School Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BGS Accounting Limited
75 Exploration Drive
Leicester
LE4 5NU
14 August 2023
High Hopes Day Nursery School Ltd
Statement of financial position
as at 31 March 2023
Tangible assets
38,757
11,623
Cash at bank and in hand
69,552
81,088
Creditors: amounts falling due within one year
(204,676)
(204,583)
Net current assets
486,324
384,886
Total assets less current liabilities
525,081
396,509
Creditors: amounts falling due after more than one year
(204,483)
(138,124)
Provisions for liabilities
Deferred tax
(6,477)
(1,127)
Net assets
314,121
257,258
Called up share capital
1
1
Profit and loss account
314,120
257,257
Shareholders' funds
314,121
257,258
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2023 and were signed on its behalf by
Mr Nirav Mansukhbai Soni
Director
Company Registration No. 09267106
High Hopes Day Nursery School Ltd
Notes to the Accounts
for the year ended 31 March 2023
High Hopes Day Nursery School Ltd is a private company, limited by shares, registered in England and Wales, registration number 09267106. The registered office is 40 FOXTON ROAD, HAMILTON, LEICESTER, LE5 1AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
High Hopes Day Nursery School Ltd
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
17,468
8,047
25,515
Additions
29,343
1,747
31,090
At 31 March 2023
46,811
9,794
56,605
At 1 April 2022
10,016
3,876
13,892
Charge for the year
2,834
1,122
3,956
At 31 March 2023
12,850
4,998
17,848
At 31 March 2023
33,961
4,796
38,757
At 31 March 2022
7,452
4,171
11,623
Amounts falling due within one year
Accrued income and prepayments
452
878
Amounts falling due after more than one year
Other debtors
599,598
506,775
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
37,572
25,264
Taxes and social security
26,063
31,183
Other creditors
907
23,591
Loans from directors
138,110
124,088
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
189,788
138,124
High Hopes Day Nursery School Ltd
Notes to the Accounts
for the year ended 31 March 2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 15 (2022: 15).