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REGISTERED NUMBER: SC168149 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Step By Step Private Nursery Limited

Step By Step Private Nursery Limited (Registered number: SC168149)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Step By Step Private Nursery Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S F Cavanagh
Mrs C E Cavanagh





SECRETARY: Mrs C E Cavanagh





REGISTERED OFFICE: 25 Sandfield Street
Glasgow
G20 9TL





REGISTERED NUMBER: SC168149 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

Step By Step Private Nursery Limited (Registered number: SC168149)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 677,696 705,914

CURRENT ASSETS
Debtors 5 125,928 125,347
Cash at bank 363,089 336,065
489,017 461,412
CREDITORS
Amounts falling due within one year 6 147,570 150,624
NET CURRENT ASSETS 341,447 310,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,019,143

1,016,702

CREDITORS
Amounts falling due after more than one
year

7

117,680

177,412
NET ASSETS 901,463 839,290

CAPITAL AND RESERVES
Called up share capital 10,002 10,002
Retained earnings 891,461 829,288
901,463 839,290

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Step By Step Private Nursery Limited (Registered number: SC168149)

Balance Sheet - continued
30 June 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 8 March 2024 and were signed on its behalf by:





Mrs C E Cavanagh - Director


Step By Step Private Nursery Limited (Registered number: SC168149)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Long leasehold - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

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.

Step By Step Private Nursery Limited (Registered number: SC168149)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2022 - 67 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Long to Plant and
property leasehold property machinery
£    £    £    £   
COST
At 1 July 2022 885,882 40,143 95,225 18,485
Additions - - - 1,141
At 30 June 2023 885,882 40,143 95,225 19,626
DEPRECIATION
At 1 July 2022 320,501 20,549 6,448 17,849
Charge for year 17,718 803 3,551 267
At 30 June 2023 338,219 21,352 9,999 18,116
NET BOOK VALUE
At 30 June 2023 547,663 18,791 85,226 1,510
At 30 June 2022 565,381 19,594 88,777 636

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 20,653 42,035 4,653 1,107,076
Additions 1,284 - - 2,425
At 30 June 2023 21,937 42,035 4,653 1,109,501
DEPRECIATION
At 1 July 2022 20,653 10,509 4,653 401,162
Charge for year 423 7,881 - 30,643
At 30 June 2023 21,076 18,390 4,653 431,805
NET BOOK VALUE
At 30 June 2023 861 23,645 - 677,696
At 30 June 2022 - 31,526 - 705,914

Step By Step Private Nursery Limited (Registered number: SC168149)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 125,928 125,347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 54,350 53,562
Hire purchase contracts 4,990 4,990
Taxation and social security 75,008 84,061
Other creditors 13,222 8,011
147,570 150,624

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 79,165 133,536
Hire purchase contracts 26,652 31,642
Other creditors 11,863 12,234
117,680 177,412

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 133,515 187,098

The bank loan is secured by a standard and floating charge over the assets of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.23 30.6.22
£    £   
Mrs C E Cavanagh
Balance outstanding at start of year 88,289 96,646
Amounts repaid (7,247 ) (8,357 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 81,042 88,289