Company Registration No. 06177126 (England and Wales)
WOODHAMS FARM DAY NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
WOODHAMS FARM DAY NURSERY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
WOODHAMS FARM DAY NURSERY LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
21,008
884
Current assets
Debtors
4
514,834
101,820
Cash at bank and in hand
175,857
522,465
690,691
624,285
Creditors: amounts falling due within one year
5
(118,102)
(101,916)
Net current assets
572,589
522,369
Total assets less current liabilities
593,597
523,253
Provisions for liabilities
(5,252)
(433)
Net assets
588,345
522,820
Capital and reserves
Called up share capital
103
103
Profit and loss reserves
588,242
522,717
Total equity
588,345
522,820

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their 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 by the board of directors and authorised for issue on 23 November 2023 and are signed on its behalf by:
Mr M Robins
Director
Company Registration No. 06177126
WOODHAMS FARM DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information

Woodhams Farm Day Nursery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 24 Landport Terrace, Portsmouth, Hampshire, England, PO1 2RG.

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. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

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:

Property improvements
2% on cost
Plant and equipment
25% on cost
Fixtures and fittings
25% on cost
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the 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.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

WOODHAMS FARM DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
20
23
3
Tangible fixed assets
Property improvements
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 April 2022
-
0
43,777
28,934
72,711
Additions
12,822
7,531
1,293
21,646
Disposals
-
0
(330)
-
0
(330)
At 31 March 2023
12,822
50,978
30,227
94,027
Depreciation and impairment
At 1 April 2022
-
0
42,942
28,885
71,827
Depreciation charged in the year
34
1,339
101
1,474
Eliminated in respect of disposals
-
0
(282)
-
0
(282)
At 31 March 2023
34
43,999
28,986
73,019
Carrying amount
At 31 March 2023
12,788
6,979
1,241
21,008
At 31 March 2022
-
0
835
49
884
WOODHAMS FARM DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
1,642
8,508
Amounts owed by group undertakings
507,356
91,466
Other debtors
5,836
1,846
514,834
101,820
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
8,501
18,571
Corporation tax
35,146
56,416
Other taxation and social security
8,098
6,866
Other creditors
66,357
20,063
118,102
101,916
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