REGISTERED NUMBER: |
Sunflower Day Nurseries Limited |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
REGISTERED NUMBER: |
Sunflower Day Nurseries Limited |
Unaudited Financial Statements for the Year Ended 31 March 2023 |
Sunflower Day Nurseries Limited (Registered number: 08835798) |
Contents of the Financial Statements |
for the Year Ended 31 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Sunflower Day Nurseries Limited |
Company Information |
for the Year Ended 31 March 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
3 Southernhay West |
Exeter |
Devon |
EX1 1JG |
Sunflower Day Nurseries Limited (Registered number: 08835798) |
Balance Sheet |
31 March 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
Sunflower Day Nurseries Limited (Registered number: 08835798) |
Balance Sheet - continued |
31 March 2023 |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Sunflower Day Nurseries Limited (Registered number: 08835798) |
Notes to the Financial Statements |
for the Year Ended 31 March 2023 |
1. | STATUTORY INFORMATION |
Sunflower Day Nurseries Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
The company's principal places of business are as follows: |
82 High Street, Crediton Devon EX17 3LA |
Newton Abbot Racecourse, Newton Abbot, Devon TQ12 3AF |
1A Courtenay Park, Newton Abbot, Devon TQ12 2HD |
1 Braeside Road, Paignton, Devon TQ4 6BX |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts chargeable in respect of the sale of services to customers falling within the company's ordinary activities. |
Goodwill |
Goodwill being the amount paid in connection with the acquisition of businesses in 2014 and 2017, is being amortised evenly over its estimated useful life of seven years. |
Tangible fixed assets |
Fixtures and fittings | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Financial instruments |
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
Sunflower Day Nurseries Limited (Registered number: 08835798) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
3. | ACCOUNTING POLICIES - continued |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2022 |
and 31 March 2023 |
AMORTISATION |
At 1 April 2022 |
and 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
Sunflower Day Nurseries Limited (Registered number: 08835798) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
6. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2022 |
Additions |
At 31 March 2023 |
DEPRECIATION |
At 1 April 2022 |
Charge for year |
At 31 March 2023 |
NET BOOK VALUE |
At 31 March 2023 |
At 31 March 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
and accrued income |
Directors' current accounts | 13,103 | - |
Prepayments |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Tax |
Social security and other taxes |
Other creditors |
Pension creditor | 2,771 | 2,239 |
Directors' current accounts | - | 17,138 |
Accruals and deferred income |
9. | SECURED DEBTS |
There are charges held by Lloyds Bank Plc since November 2017 containing fixed and floating charges covering all of the property/undertaking of the company. |
Sunflower Day Nurseries Limited (Registered number: 08835798) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2023 |
10. | RELATED PARTY DISCLOSURES |
During the year, a directors had a current account with the company. At the balance sheet |
date the amount due to the company is £13,107 (2022: (£17,138). This was repaid in full within 9 |
months of the year end. |
Sunflower Day Nursery LLP |
A Limited Liability Partnership in which S D W Morris and Mrs S C Rose-Morris are designated members. |
During the year ended 31 March 2023, the company traded from commercial premises owned by Sunflower Day Nursery LLP, under an informal lease agreement. |
Rent paid amounted to £70,000 (2022 - £70,000). |