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REGISTERED NUMBER: 04901419 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

RAINBOW DAY NURSERY (EARLY YEARS CENTRE)
LIMITED
TRADING AS
RAINBOW DAY NURSERY

RAINBOW DAY NURSERY (EARLY YEARS CENTRE)
LIMITED (REGISTERED NUMBER: 04901419)
TRADING AS RAINBOW DAY NURSERY






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAINBOW DAY NURSERY (EARLY YEARS CENTRE)
LIMITED
TRADING AS RAINBOW DAY NURSERY

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: Mrs S J Fudge





REGISTERED OFFICE: Day Nursery
Summerhill Road
Dartford
Kent
DA1 2LP





REGISTERED NUMBER: 04901419 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Chartered Accountants
2 The Links
HERNE BAY
Kent
CT6 7GQ

RAINBOW DAY NURSERY (EARLY YEARS CENTRE)
LIMITED (REGISTERED NUMBER: 04901419)
TRADING AS RAINBOW DAY NURSERY

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 100,213 34,506
100,213 34,506

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 7 76,499 33,301
Cash at bank and in hand 63,619 106,415
141,118 140,716
CREDITORS
Amounts falling due within one year 8 181,652 157,725
NET CURRENT LIABILITIES (40,534 ) (17,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

59,679

17,497

CREDITORS
Amounts falling due after more than one
year

9

(43,983

)

-

PROVISIONS FOR LIABILITIES (14,583 ) (2,780 )
NET ASSETS 1,113 14,717

CAPITAL AND RESERVES
Called up share capital 10 1,100 1,100
Retained earnings 13 13,617
SHAREHOLDERS' FUNDS 1,113 14,717

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

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

RAINBOW DAY NURSERY (EARLY YEARS CENTRE)
LIMITED (REGISTERED NUMBER: 04901419)
TRADING AS RAINBOW DAY NURSERY

BALANCE SHEET - continued
31ST OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2024 and were signed by:





Mrs S J Fudge - Director


RAINBOW DAY NURSERY (EARLY YEARS CENTRE)
LIMITED (REGISTERED NUMBER: 04901419)
TRADING AS RAINBOW DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Rainbow Day Nursery (Early Years Centre) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on a straight line basis
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

RAINBOW DAY NURSERY (EARLY YEARS CENTRE)
LIMITED (REGISTERED NUMBER: 04901419)
TRADING AS RAINBOW DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

3. ACCOUNTING POLICIES - continued

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.

Going concern
The Director has considered the financial position of the company and as such, the accounts are prepared on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 35 (2022 - 35 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st November 2022
and 31st October 2023 140,000
AMORTISATION
At 1st November 2022
and 31st October 2023 140,000
NET BOOK VALUE
At 31st October 2023 -
At 31st October 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022 104,615
Additions 84,296
At 31st October 2023 188,911
DEPRECIATION
At 1st November 2022 70,109
Charge for year 18,589
At 31st October 2023 88,698
NET BOOK VALUE
At 31st October 2023 100,213
At 31st October 2022 34,506

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,745 26,330
Other debtors 37,754 6,971
76,499 33,301

RAINBOW DAY NURSERY (EARLY YEARS CENTRE)
LIMITED (REGISTERED NUMBER: 04901419)
TRADING AS RAINBOW DAY NURSERY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,954 -
Trade creditors 19,460 11,324
Taxation and social security 16,859 39,866
Other creditors 142,379 106,535
181,652 157,725

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 43,983 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
920 Ordinary A shares £1 920 920
80 Ordinary B Shares £1 80 80
100 Ordinary C Shares £1 100 100
1,100 1,100

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2023 and 31st October 2022:

2023 2022
£    £   
Mrs S J Fudge
Balance outstanding at start of year (192 ) (2,042 )
Amounts advanced 25,000 67,100
Amounts repaid - (65,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,808 (192 )