Registration number:
Abbeydale Cottage Nursery Limited
for the Year Ended 30 September 2023
Abbeydale Cottage Nursery Limited
(Registration number: 09194382)
Balance Sheet as at 30 September 2023
Note |
2023 |
2022 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current liabilities |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
Abbeydale Cottage Nursery Limited
(Registration number: 09194382)
Balance Sheet as at 30 September 2023 (continued)
.........................................
Director
Abbeydale Cottage Nursery Limited
Notes to the Financial Statements for the Year Ended 30 September 2023
Accounting policies |
Statutory information
Abbeydale Cottage Nursery Limited is a private company, limited by shares, domiciled in England and Wales, company number 09194382. The registered office is at Abbeydale Cottage Nursery, Abbeydale Road South, Dore, Sheffield, S17 3LJ.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises the fair value of the consideration received for the provision of services in the ordinary course of the company’s activities. Revenue is recognised in line with the delivery of services.
Government grants
Grants that do not impose specified future performance-related conditions are recognised in income when the grant proceeds are received or receivable. Grants that impose specified future performance-related conditions are recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Buildings |
2% straight line |
Fixtures, fittings and equipment |
25% straight line |
Motor vehicles |
25% straight line |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Abbeydale Cottage Nursery Limited
Notes to the Financial Statements for the Year Ended 30 September 2023 (continued)
1 |
Accounting policies (continued) |
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Buildings |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
Cost |
||||
At 1 October 2022 |
|
|
- |
|
Additions |
- |
|
|
|
At 30 September 2023 |
|
|
|
|
Depreciation |
||||
At 1 October 2022 |
|
|
- |
|
Charge for the year |
|
|
|
|
At 30 September 2023 |
|
|
|
|
Carrying amount |
||||
At 30 September 2023 |
|
|
|
|
At 30 September 2022 |
|
|
- |
|
Abbeydale Cottage Nursery Limited
Notes to the Financial Statements for the Year Ended 30 September 2023 (continued)
Debtors |
2023 |
2022 |
|
Trade debtors |
|
|
Other debtors |
|
|
|
|
Creditors |
2023 |
2022 |
|
Due within one year |
||
Trade creditors |
- |
|
Directors' current accounts |
|
- |
Taxation and social security |
|
|
Other creditors |
|
|
Accruals and deferred income |
|
|
|
|
|
Due after one year |
||
Accruals and deferred income |
|
|
Related party transactions |
During the year AMJO Investments Limited, a company in which J Curphey and A Ricardo are directors, had an interest free loan with the company. At the balance sheet date the amount owing from AMJO investments Limited was £56,326 (2022: £56,326).