Registered number
SC397792
Fenton Barns Nursery Ltd
Filleted Accounts
31 July 2023
Fenton Barns Nursery Ltd
Registered number: SC397792
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 49,129 57,965
Current assets
Debtors 4 5,185 5,766
Cash at bank and in hand 71,971 112,398
77,156 118,164
Creditors: amounts falling due within one year 5 (74,880) (118,548)
Net current assets/(liabilities) 2,276 (384)
Total assets less current liabilities 51,405 57,581
Creditors: amounts falling due after more than one year 6 (23,534) (31,067)
Provisions for liabilities (9,334) (11,013)
Net assets 18,537 15,501
Capital and reserves
Called up share capital 100 100
Profit and loss account 18,437 15,401
Shareholders' funds 18,537 15,501
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Caroline Freeman
Director
Approved by the board on 18 October 2023
Fenton Barns Nursery Ltd
Notes to the Accounts
for the year ended 31 July 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 rendering of services.
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:
Tenants improvements over term of lease
Fixtures, fittings, tools and equipment over 3 or 5 years
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 38 39
3 Tangible fixed assets
Tenants improvements Equipment, fittings & fixture Computer equipment Total
£ £ £ £
Cost
At 1 August 2022 72,896 55,620 5,027 133,543
Additions - 1,813 - 1,813
At 31 July 2023 72,896 57,433 5,027 135,356
Depreciation
At 1 August 2022 27,760 44,555 3,263 75,578
Charge for the year 5,642 4,055 952 10,649
At 31 July 2023 33,402 48,610 4,215 86,227
Net book value
At 31 July 2023 39,494 8,823 812 49,129
At 31 July 2022 45,136 11,065 1,764 57,965
4 Debtors 2023 2022
£ £
Other debtors 5,185 5,766
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 7,600 7,600
Trade creditors 7,552 10,975
Taxation and social security costs 6,532 2,176
Other creditors 53,196 97,797
74,880 118,548
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 23,534 31,067
7 Other information
Fenton Barns Nursery Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
Fenton Barns
North Berwick
East Lothian
EH39 5BW
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