Company registration number 06933664 (England and Wales)
THE BEARS NURSERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
THE BEARS NURSERY LIMITED
COMPANY INFORMATION
Director
Mrs P Sandhu-Knott
Secretary
Mrs P Sandhu-Knott
Company number
06933664
Registered office
2 Jacey Road
Shirley
Solihull
West Midlands
England
B90 3LH
Accountants
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
THE BEARS NURSERY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
THE BEARS NURSERY LIMITED
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
32,374
38,046
Current assets
Debtors
5
331,634
302,202
Cash at bank and in hand
161,791
186,653
493,425
488,855
Creditors: amounts falling due within one year
6
(122,928)
(105,947)
Net current assets
370,497
382,908
Total assets less current liabilities
402,871
420,954
Creditors: amounts falling due after more than one year
7
-
0
(30,833)
Provisions for liabilities
(8,584)
(7,478)
Net assets
394,287
382,643
Capital and reserves
Called up share capital
10
490
490
Profit and loss reserves
393,797
382,153
Total equity
394,287
382,643

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 30 April 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 BEARS NURSERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2023
30 April 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 16 November 2023
Mrs P Sandhu-Knott
Director
Company Registration No. 06933664
THE BEARS NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
1
Accounting policies
Company information

The Bears Nursery Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Jacey Road, Shirley, Solihull, West Midlands, England, B90 3LH.

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.

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, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2010, is being amortised over its estimated useful life of ten years.

1.4
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:

Short leasehold
Over the term of the lease
Fixtures and fittings
15% on reducing balance
Computers
33% on reducing balance
1.5
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.

1.6
Taxation

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

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.

THE BEARS NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
1
Accounting policies
(Continued)
- 4 -
1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.8
Government grants

The company receives government grants in respect of the job retention scheme. Income from government and other grants are recognised at fair value when the company has entitlement after any performance conditions are met, it is probable that the income will be received and the amount can be measured reliably. If entitlement is not met these amounts are deferred.

1.9

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.

2
Employees

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

2023
2022
Number
Number
Total
18
19
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2022 and 30 April 2023
70,588
Amortisation and impairment
At 1 May 2022 and 30 April 2023
70,588
Carrying amount
At 30 April 2023
-
0
At 30 April 2022
-
0
THE BEARS NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 May 2022
134
101,565
101,699
Additions
-
0
3,513
3,513
Disposals
-
0
(14,966)
(14,966)
At 30 April 2023
134
90,112
90,246
Depreciation and impairment
At 1 May 2022
110
63,543
63,653
Depreciation charged in the year
10
7,214
7,224
Eliminated in respect of disposals
-
0
(13,005)
(13,005)
At 30 April 2023
120
57,752
57,872
Carrying amount
At 30 April 2023
14
32,360
32,374
At 30 April 2022
24
38,022
38,046
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
25,439
1,045
Other debtors
297,019
297,019
Prepayments and accrued income
9,176
4,138
331,634
302,202

Included in other debtors is a balance owed by a related party, The Bears Nursery Property Limited for £297,019 (2022: £297,019), of which £250,000 falls due over one year.

 

6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
-
0
10,000
Trade creditors
26,454
7,815
Taxation and social security
30,562
46,917
Other creditors
65,912
41,215
122,928
105,947
THE BEARS NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 6 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
-
0
30,833
8
Secured debts
2023
2022
£
£
Bank loans
-
0
40,833
Payable within one year
-
0
10,000
Payable after one year
-
0
30,833

The bank loans were secured by a government guarantee.

9
Leasing agreements
2023
2022
Future minimum lease payments due under operating leases:
£
£
Within one year
59,095
47,775
In two to five years
138,641
143,550
In over five years
60,000
108,000
257,736
299,325
10
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
490
490
490
490
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