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REGISTERED NUMBER: SC244878 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Crewe Road Nursery Limited

Crewe Road Nursery Limited (Registered number: SC244878)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Crewe Road Nursery Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: L Menzies



SECRETARY: I Mannings



REGISTERED OFFICE: 124 Crewe Road South
Edinburgh
Midlothian
EH4 2NY



REGISTERED NUMBER: SC244878 (Scotland)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: The Co-operative Bank
PO Box 250
Delf House
Southway
Skelmerdale
WN8 6WT

Crewe Road Nursery Limited (Registered number: SC244878)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 28,280 10,768

CURRENT ASSETS
Debtors 5 8,952 18,450
Cash at bank 46,539 39,588
55,491 58,038
CREDITORS
Amounts falling due within one year 6 34,423 34,367
NET CURRENT ASSETS 21,068 23,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,348

34,439

CREDITORS
Amounts falling due after more than one year 7 (11,424 ) -

PROVISIONS FOR LIABILITIES 9 (1,010 ) (2,487 )
NET ASSETS 36,914 31,952

CAPITAL AND RESERVES
Called up share capital 10 90 90
Capital redemption reserve 11 10 10
Retained earnings 11 36,814 31,852
SHAREHOLDERS' FUNDS 36,914 31,952

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 20 March 2024 and were signed by:





L Menzies - Director


Crewe Road Nursery Limited (Registered number: SC244878)

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

1. STATUTORY INFORMATION

Crewe Road Nursery Limited is a private company, limited by shares , registered in Scotland. 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 stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Freehold property - 2% on cost per annum
Plant and machinery - 25% on cost per annum
Fixtures and fittings - 25% on cost per annum
Motor vehicles - 25% on cost per annum

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Crewe Road Nursery Limited (Registered number: SC244878)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates an defined contribution plan. The assets of the pension plan are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the profit and loss account in the period to which they relate.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption for cashflow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 August 2022 37,239 64,859 - 102,098
Additions - 5,808 24,646 30,454
At 31 July 2023 37,239 70,667 24,646 132,552
DEPRECIATION
At 1 August 2022 36,236 55,094 - 91,330
Charge for year 1,003 5,777 6,162 12,942
At 31 July 2023 37,239 60,871 6,162 104,272
NET BOOK VALUE
At 31 July 2023 - 9,796 18,484 28,280
At 31 July 2022 1,003 9,765 - 10,768

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Trade debtors - 233
Other debtors 8,952 18,217
8,952 18,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Hire purchase contracts (see note 8) 4,933 -
Trade creditors 136 -
Taxation and social security 20,893 27,466
Other creditors 8,461 6,901
34,423 34,367

Crewe Road Nursery Limited (Registered number: SC244878)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£ £
Hire purchase contracts (see note 8) 11,424 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.23 31.7.22
£ £
Net obligations repayable:
Within one year 4,933 -
Between one and five years 11,424 -
16,357 -

Non-cancellable
operating leases
31.7.23 31.7.22
£ £
Within one year 1,944 1,944
Between one and five years 5,346 7,290
7,290 9,234

9. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£ £
Deferred tax 1,010 2,487

Deferred tax
£
Balance at 1 August 2022 2,487
Provided during year (1,477 )
Accelerated capital allowances
Balance at 31 July 2023 1,010

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £ £
90 Ordinary £1 90 90
(31.7.22 - 100 )

Crewe Road Nursery Limited (Registered number: SC244878)

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

11. RESERVES
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 August 2022 31,852 10 31,862
Profit for the year 78,319 78,319
Dividends (73,357 ) (73,357 )
At 31 July 2023 36,814 10 36,824

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £61,116 (2022: £82,915) were paid to the director.





Related Party




Transaction Type




Transaction in the year to 31.7.23
Balance
receivable from
(payable to)
related party at
31.7.23
Balance
receivable from
(payable to)
related party at
31.7.22
£ £ £

Shareholder Dividend 12,241(2022: 14,346) - -
Loan 10,492 (2022: 15,320) 5,520 16,012

13. ULTIMATE CONTROLLING PARTY

Lorraine Menzies, director, is the ultimate controlling interest.