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Company Registration No. SC319219 (Scotland)
Headstart Nursery Schools Limited Unaudited accounts for the year ended 31 August 2023
Headstart Nursery Schools Limited Unaudited accounts Contents
Page
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Headstart Nursery Schools Limited Company Information for the year ended 31 August 2023
Directors
Jonathan Marc Bruneau Rosalyn Jane Bruneau
Company Number
SC319219 (Scotland)
Registered Office
BELHAVEN HOUSE, EDINBURGH ROAD DUNBAR EAST LOTHIAN EH42 1NS
Accountants
Rebecca Donald Dunollie Back of Keppoch ARISAIG PH39 4NS
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Headstart Nursery Schools Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
444 
1,032 
Current assets
Debtors
13,372 
365,405 
Cash at bank and in hand
100,964 
79,495 
114,336 
444,900 
Creditors: amounts falling due within one year
(167,795)
(124,593)
Net current (liabilities)/assets
(53,459)
320,307 
Total assets less current liabilities
(53,015)
321,339 
Creditors: amounts falling due after more than one year
(33,904)
(43,542)
Provisions for liabilities
Deferred tax
(84)
(196)
Other provisions
- 
(200,000)
(84)
(200,196)
Net (liabilities)/assets
(87,003)
77,601 
Capital and reserves
Called up share capital
40 
2 
Profit and loss account
(87,043)
77,599 
Shareholders' funds
(87,003)
77,601 
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
Jonathan Marc Bruneau Director Company Registration No. SC319219
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Headstart Nursery Schools Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Headstart Nursery Schools Limited is a private company, limited by shares, registered in Scotland, registration number SC319219. The registered office is BELHAVEN HOUSE, EDINBURGH ROAD, DUNBAR, EAST LOTHIAN, EH42 1NS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Headstart Nursery Schools Limited Notes to the Accounts for the year ended 31 August 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 September 2022
650,000 
At 31 August 2023
650,000 
Amortisation
At 1 September 2022
650,000 
At 31 August 2023
650,000 
Net book value
At 31 August 2023
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2022
34,995 
6,000 
40,995 
Additions
280 
- 
280 
Disposals
(31,584)
(6,000)
(37,584)
At 31 August 2023
3,691 
- 
3,691 
Depreciation
At 1 September 2022
33,963 
6,000 
39,963 
Charge for the year
276 
- 
276 
On disposals
(30,992)
(6,000)
(36,992)
At 31 August 2023
3,247 
- 
3,247 
Net book value
At 31 August 2023
444 
- 
444 
At 31 August 2022
1,032 
- 
1,032 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,647 
4,405 
Amounts due from group undertakings etc.
- 
350,000 
Accrued income and prepayments
11,725 
11,000 
13,372 
365,405 
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Headstart Nursery Schools Limited Notes to the Accounts for the year ended 31 August 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,887 
2,686 
Amounts owed to group undertakings and other participating interests
32,579 
43,000 
Taxes and social security
5,706 
23,323 
Other creditors
52 
60 
Loans from directors
21,496 
4,500 
Accruals
1,370 
1,150 
Deferred income
99,705 
49,874 
167,795 
124,593 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,904 
43,542 
9
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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