Company registration number 6374883 (England and Wales)
JOHNSON GARDEN DAY NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
JOHNSON GARDEN DAY NURSERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
JOHNSON GARDEN DAY NURSERY LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
8,333
28,333
Tangible assets
4
134,915
140,173
143,248
168,506
Current assets
Debtors
5
8,420
16,965
Cash at bank and in hand
190,237
188,442
198,657
205,407
Creditors: amounts falling due within one year
6
(83,786)
(107,767)
Net current assets
114,871
97,640
Total assets less current liabilities
258,119
266,146
Provisions for liabilities
(3,591)
(3,646)
Net assets
254,528
262,500
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
254,526
262,498
Total equity
254,528
262,500
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 17 November 2023
Mrs C B M McKean
Director
Company Registration No. 6374883
JOHNSON GARDEN DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023
- 2 -
1
Accounting policies
Company information
Johnson Garden Day Nursery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 3-4 Bower Terrace, Tonbridge Road, Maidstone, Kent, ME16 8RY. The principal place of business is Johnson Garden Day Nursery, Burley Road, Sittingbourne, Kent, ME10 1JL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents revenue earned under from contracts to provide services. Revenue is recognised when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at fair value of the right to consideration, which represents amounts chargeable to clients.
1.3
Intangible fixed assets - goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of five years.
1.4
Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
5% straight line on buildings
Fixtures and fittings
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Financial instruments
The company has elected to apply the recognition and measurement provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.
JOHNSON GARDEN DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable or receivable and deferred tax.
Current tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.8
Government grants
Government grants are recognised as income at the amount received or receivable when there is reasonable assurance that the grant conditions will be met and the grant will be received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
22
22
3
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2022 and 31 August 2023
100,000
Amortisation and impairment
At 1 September 2022
71,667
Amortisation charged for the year
20,000
At 31 August 2023
91,667
Carrying amount
At 31 August 2023
8,333
At 31 August 2022
28,333
JOHNSON GARDEN DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2023
- 4 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2022
129,777
83,462
213,239
Disposals
(1,167)
(1,167)
At 31 August 2023
129,777
82,295
212,072
Depreciation and impairment
At 1 September 2022
6,584
66,482
73,066
Depreciation charged in the year
778
4,253
5,031
Eliminated in respect of disposals
(940)
(940)
At 31 August 2023
7,362
69,795
77,157
Carrying amount
At 31 August 2023
122,415
12,500
134,915
At 31 August 2022
123,193
16,980
140,173
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
8,420
16,965
6
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
18,261
22,661
Other creditors
65,525
85,106
83,786
107,767
7
Financial commitments, guarantees and contingent liabilities
At the year end the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £10,200.
8
Directors' transactions
Other creditors includes an amount of £51,950 (2022 - £72,255) in respect of monies owed to the director. This loan is interest bearing and secured by a charge on the company's freehold property, goodwill and other assets.