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REGISTERED NUMBER: 04604327 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

RAINBOW NURSERY
(MIDDLESTONE MOOR) LIMITED

RAINBOW NURSERY
(MIDDLESTONE MOOR) LIMITED (REGISTERED NUMBER: 04604327)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAINBOW NURSERY
(MIDDLESTONE MOOR) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs K Crawford
M J Gardiner



REGISTERED OFFICE: Rock Road
Middlestone Moor
Co. Durham
DL16 7DA



REGISTERED NUMBER: 04604327 (England and Wales)



ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW



BANKERS: HSBC
1 Saddler Street
Durham
Co. Durham
DH1 3NR

RAINBOW NURSERY
(MIDDLESTONE MOOR) LIMITED (REGISTERED NUMBER: 04604327)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,236 8,458

CURRENT ASSETS
Debtors 5 28,873 29,442
Cash at bank and in hand 53,724 12,725
82,597 42,167
CREDITORS
Amounts falling due within one year 6 54,452 44,066
NET CURRENT ASSETS/(LIABILITIES) 28,145 (1,899 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,381

6,559

PROVISIONS FOR LIABILITIES 389 703
NET ASSETS 33,992 5,856

CAPITAL AND RESERVES
Called up share capital 7 232 232
Capital redemption reserve 68 68
Retained earnings 33,692 5,556
SHAREHOLDERS' FUNDS 33,992 5,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

RAINBOW NURSERY
(MIDDLESTONE MOOR) LIMITED (REGISTERED NUMBER: 04604327)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 March 2024 and were signed on its behalf by:





Mrs K Crawford - Director


RAINBOW NURSERY
(MIDDLESTONE MOOR) LIMITED (REGISTERED NUMBER: 04604327)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Rainbow Nursery (Middlestone Moor) 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 represents fees payable in respect of the provision of pre-school childcare. Income is recognised when the service is provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - straight line over 7 years
Furniture, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

RAINBOW NURSERY
(MIDDLESTONE MOOR) LIMITED (REGISTERED NUMBER: 04604327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Government grants
Revenue grants received for the operation of the nursery are spread over the life of the grant depending on the terms and conditions of those grants.

Capital grants are included in deferred income and released to the profit and loss account at the same rate as the asset is depreciated over its useful economic life.

Going concern
The financial statements have been prepared on the going concern basis. This is considered appropriate as the ultimate beneficial shareholders will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 103,510
Disposals (11,944 )
At 30 November 2023 91,566
DEPRECIATION
At 1 December 2022 95,052
Charge for year 2,210
Eliminated on disposal (11,932 )
At 30 November 2023 85,330
NET BOOK VALUE
At 30 November 2023 6,236
At 30 November 2022 8,458

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,913 15,200
Other debtors 9,960 14,242
28,873 29,442

RAINBOW NURSERY
(MIDDLESTONE MOOR) LIMITED (REGISTERED NUMBER: 04604327)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,354 12,791
Taxation and social security 9,806 1,491
Other creditors 32,292 29,784
54,452 44,066

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
232 Ordinary £1 232 232

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs K Crawford
Balance outstanding at start of year 6,000 -
Amounts advanced - 6,000
Amounts repaid (4,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,000 6,000

9. RELATED PARTY DISCLOSURES

During the year a management charge of £10,800 was charged from a company controlled by a director. This was in respect of administrative and management services provided. The balance remained outstanding as at 30 November 2023.