Registered number
06325233
Pear Tree Day Nursery (Farnborough) Limited
Filleted Accounts
31 August 2023
Pear Tree Day Nursery (Farnborough) Limited
Registered number: 06325233
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,739 4,322
Current assets
Debtors 4 6,589 22,500
Cash at bank and in hand 78,247 58,601
84,836 81,101
Creditors: amounts falling due within one year 5 (51,076) (48,672)
Net current assets 33,760 32,429
Net assets 37,499 36,751
Capital and reserves
Called up share capital 2 2
Profit and loss account 37,497 36,749
Shareholder's funds 37,499 36,751
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Sara Dudman
Director
Approved by the board on 19 October 2023
Pear Tree Day Nursery (Farnborough) Limited
Notes to the Accounts
for the year ended 31 August 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.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 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.
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 10 10
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 45,555
Additions 455
At 31 August 2023 46,010
Depreciation
At 1 September 2022 41,233
Charge for the year 1,038
At 31 August 2023 42,271
Net book value
At 31 August 2023 3,739
At 31 August 2022 4,322
4 Debtors 2023 2022
£ £
Trade debtors 6,589 22,500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 28,333 38,333
Trade creditors 5,229 6,173
Taxation and social security costs 15,014 1,908
Other creditors 2,500 2,258
51,076 48,672
6 Other information
Pear Tree Day Nursery (Farnborough) Limited is a private company limited by shares and incorporated in England. Its registered office is:
Winchester Street
Farnborough
Surrey
GU14 6AW
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