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REGISTERED NUMBER: 04990480 (England and Wales)










Financial Statements

for the Year Ended

31 March 2023

for

School House Private Day Nursery Limited

School House Private Day Nursery Limited (Registered number: 04990480)






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


School House Private Day Nursery Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mrs G Keenan





REGISTERED OFFICE: Bellway House
7 Worcester Road
Bromsgrove
Worcestershire
B61 7DL





REGISTERED NUMBER: 04990480 (England and Wales)





ACCOUNTANTS: Godfrey Mansell & Co
Hales Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

School House Private Day Nursery Limited (Registered number: 04990480)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 163,966 135,424
163,966 135,424

CURRENT ASSETS
Stocks 6 105 105
Debtors 7 110,709 136,893
Cash at bank and in hand 110,901 20,357
221,715 157,355
CREDITORS
Amounts falling due within one year 8 81,073 93,944
NET CURRENT ASSETS 140,642 63,411
TOTAL ASSETS LESS CURRENT LIABILITIES 304,608 198,835

CREDITORS
Amounts falling due after more than one year 9 (39,932 ) (19,000 )

PROVISIONS FOR LIABILITIES 10 (22,932 ) (24,314 )
NET ASSETS 241,744 155,521

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 241,743 155,520
SHAREHOLDERS' FUNDS 241,744 155,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

School House Private Day Nursery Limited (Registered number: 04990480)

Balance Sheet - continued
31 March 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 7 November 2023 and were signed by:





Mrs G Keenan - Director


School House Private Day Nursery Limited (Registered number: 04990480)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

School House Private Day Nursery 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short Leasehold - 15% on cost

Fixtures & Fittings - 20% on cost

Motor vehicles - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

School House Private Day Nursery Limited (Registered number: 04990480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 20,000
AMORTISATION
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2022 30,447 220,260 87,301 338,008
Additions - 25,195 35,259 60,454
At 31 March 2023 30,447 245,455 122,560 398,462
DEPRECIATION
At 1 April 2022 30,447 153,474 18,663 202,584
Charge for year - 18,184 13,728 31,912
At 31 March 2023 30,447 171,658 32,391 234,496
NET BOOK VALUE
At 31 March 2023 - 73,797 90,169 163,966
At 31 March 2022 - 66,786 68,638 135,424

6. STOCKS
2023 2022
£    £   
Stocks 105 105

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,709 2,482
Other debtors 107,000 134,411
110,709 136,893

School House Private Day Nursery Limited (Registered number: 04990480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 6,000 6,000
Hire purchase contracts 4,164 -
Trade creditors 20,285 25,752
Tax 12,352 1,996
Social security and other taxes 7,734 8,665
Other creditors 16,712 37,705
Directors' current accounts 364 364
Accruals and deferred income 13,462 13,462
81,073 93,944

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-5 years 13,000 19,000
Hire purchase contracts 26,932 -
39,932 19,000

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 22,932 24,314

Deferred
tax
£   
Balance at 1 April 2022 24,314
Provided during year (1,382 )
Balance at 31 March 2023 22,932

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Mrs G Keenan
Balance outstanding at start of year (364 ) (364 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (364 ) (364 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs G Keenan.

School House Private Day Nursery Limited (Registered number: 04990480)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

13. TRANSACTIONS WITH DIRECTOR

The company paid dividends to the director of £15,000 (2022: £53,000) during the year.

At the year end an amount of £364 (2022:£364) was owed to the director.

During the year the company was recharged £41,407 by Woodland House Private Day Nursery Ltd, a company in which Mrs G Keenan is a director and shareholder. At the year end the company owed Woodland House Nursery £13,996 (2022:£(27,411))

During the year the company repaid Chessgrove Park Day Nursery Ltd, a company in which Mrs G Keenan is a director and shareholder. At the year end an amount of nil (2022:£34,084) was due to that company.

At the year end Tudor Hall Private Day Nursery Ltd, a company in which Mrs G Keenan is a director and shareholder, an amount of £105,000 (2022: £105,000) was due from that company.