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REGISTERED NUMBER: 03908187 (England and Wales)

























Financial Statements

for the Year Ended 28 February 2023

for

Lodge Farm Nursery School Limited

Lodge Farm Nursery School Limited (Registered number: 03908187)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Lodge Farm Nursery School Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J L Collins





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 03908187 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Lodge Farm Nursery School Limited (Registered number: 03908187)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 325,718 330,972

CURRENT ASSETS
Stocks 1,100 1,200
Debtors 5 192,821 109,647
Cash at bank 22 29,988
193,943 140,835
CREDITORS
Amounts falling due within one year 6 77,971 77,296
NET CURRENT ASSETS 115,972 63,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

441,690

394,511

CREDITORS
Amounts falling due after more than one
year

7

(22,500

)

(32,496

)

PROVISIONS FOR LIABILITIES (18,958 ) (15,407 )
NET ASSETS 400,232 346,608

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 400,107 346,483
SHAREHOLDERS' FUNDS 400,232 346,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Lodge Farm Nursery School Limited (Registered number: 03908187)

Balance Sheet - continued
28 February 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 November 2023 and were signed by:





J L Collins - Director


Lodge Farm Nursery School Limited (Registered number: 03908187)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Lodge Farm 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.
Plant and machinery etc - 20% on reducing balance, 15% on reducing balance and Not provided

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2022 - 31 ) .

Lodge Farm Nursery School Limited (Registered number: 03908187)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Improvements Furniture
to and Nursery Computer
property equipment toys equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 249,884 194,600 21,299 23,568 489,351
Additions - 1,439 6,282 1,786 9,507
At 28 February 2023 249,884 196,039 27,581 25,354 498,858
DEPRECIATION
At 1 March 2022 - 125,090 16,440 16,849 158,379
Charge for year - 10,646 1,672 2,443 14,761
At 28 February 2023 - 135,736 18,112 19,292 173,140
NET BOOK VALUE
At 28 February 2023 249,884 60,303 9,469 6,062 325,718
At 28 February 2022 249,884 69,510 4,859 6,719 330,972

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 192,821 109,647

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 10,487 6,986
Other creditors 67,484 70,310
77,971 77,296

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 22,500 32,496