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REGISTERED NUMBER: 12149601 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

YEWLANDS DAY NURSERY LTD

YEWLANDS DAY NURSERY LTD (REGISTERED NUMBER: 12149601)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YEWLANDS DAY NURSERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr R Twinn
Mrs M B Twinn





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Gt Barton
Bury St Edmunds
Suffolk
IP31 2QY





REGISTERED NUMBER: 12149601 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

YEWLANDS DAY NURSERY LTD (REGISTERED NUMBER: 12149601)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,225 29,251

CURRENT ASSETS
Stocks 5 1,821 1,473
Debtors 6 10,859 23,501
Cash at bank 173,908 82,812
186,588 107,786
CREDITORS
Amounts falling due within one year 7 33,202 36,222
NET CURRENT ASSETS 153,386 71,564
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,611

100,815

PROVISIONS FOR LIABILITIES 5,086 5,058
NET ASSETS 175,525 95,757

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 175,425 95,657
SHAREHOLDERS' FUNDS 175,525 95,757

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

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

YEWLANDS DAY NURSERY LTD (REGISTERED NUMBER: 12149601)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 21 January 2024 and were signed on its behalf by:





Mrs M B Twinn - Director


YEWLANDS DAY NURSERY LTD (REGISTERED NUMBER: 12149601)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Yewlands Day Nursery Ltd 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 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.
Improvements to property - 10% on cost
Equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

YEWLANDS DAY NURSERY LTD (REGISTERED NUMBER: 12149601)

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

2. ACCOUNTING POLICIES - continued

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Computer
property Equipment equipment Totals
£    £    £    £   
COST
At 1 September 2022 34,257 6,767 2,986 44,010
Additions - 3,536 - 3,536
At 31 August 2023 34,257 10,303 2,986 47,546
DEPRECIATION
At 1 September 2022 10,012 3,472 1,275 14,759
Charge for year 3,426 1,708 428 5,562
At 31 August 2023 13,438 5,180 1,703 20,321
NET BOOK VALUE
At 31 August 2023 20,819 5,123 1,283 27,225
At 31 August 2022 24,245 3,295 1,711 29,251

5. STOCKS
2023 2022
£    £   
Stocks 1,821 1,473

YEWLANDS DAY NURSERY LTD (REGISTERED NUMBER: 12149601)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 7,501 15,112
Prepayments 3,358 8,389
10,859 23,501

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 612 438
Corporation tax 21,152 14,377
Social security and other taxes - 4
Other creditors 2,221 1,374
Directors' current accounts 737 7,845
Accrued expenses 8,480 12,184
33,202 36,222

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 9,336 5,000
Between one and five years 10,059 10,000
19,395 15,000