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GODSTONE FARM DAY NURSERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JULY 2023






GODSTONE FARM DAY NURSERY LIMITED (REGISTERED NUMBER: 13096008)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

GODSTONE FARM DAY NURSERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: P R Sharp
Mrs J M Flaherty
Miss N Henderson
Mrs S R Elliott





REGISTERED OFFICE: C/O Thrift Farm
Buckingham Road
Whaddon
Milton Keynes
Buckinghamshire
MK17 0EQ





REGISTERED NUMBER: 13096008 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

GODSTONE FARM DAY NURSERY LIMITED (REGISTERED NUMBER: 13096008)

BALANCE SHEET
31ST JULY 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,570 4,755
Tangible assets 5 123,506 123,036
126,076 127,791

CURRENT ASSETS
Debtors 6 6,797 11,233
Cash at bank and in hand 251,603 104,964
258,400 116,197
CREDITORS
Amounts falling due within one year 7 257,413 252,109
NET CURRENT ASSETS/(LIABILITIES) 987 (135,912 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,063

(8,121

)

PROVISIONS FOR LIABILITIES 30,909 -
NET ASSETS/(LIABILITIES) 96,154 (8,121 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 96,054 (8,221 )
96,154 (8,121 )

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

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

GODSTONE FARM DAY NURSERY LIMITED (REGISTERED NUMBER: 13096008)

BALANCE SHEET - continued
31ST JULY 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th February 2024 and were signed on its behalf by:





P R Sharp - Director


GODSTONE FARM DAY NURSERY LIMITED (REGISTERED NUMBER: 13096008)

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

1. STATUTORY INFORMATION

Godstone Farm Day Nursery 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents amounts derived from the provision of nursery care as the services are provided.

Any income received in advance is deferred and included within current liabilities.

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.

Development costs are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of four years.

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
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Tangible fixed assets under the cost model are stated at historic cost less accumulated depreciation and any accumulated impairment losses.

Historic cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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.


GODSTONE FARM DAY NURSERY LIMITED (REGISTERED NUMBER: 13096008)

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

2. ACCOUNTING POLICIES - continued
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.

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 45 (2022 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£    £    £   
COST
At 1st August 2022
and 31st July 2023 5,208 1,794 7,002
AMORTISATION
At 1st August 2022 1,761 486 2,247
Amortisation for year 1,736 449 2,185
At 31st July 2023 3,497 935 4,432
NET BOOK VALUE
At 31st July 2023 1,711 859 2,570
At 31st July 2022 3,447 1,308 4,755

GODSTONE FARM DAY NURSERY LIMITED (REGISTERED NUMBER: 13096008)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st August 2022 99,089 35,658 2,895 137,642
Additions 4,869 10,539 - 15,408
At 31st July 2023 103,958 46,197 2,895 153,050
DEPRECIATION
At 1st August 2022 10,371 3,617 618 14,606
Charge for year 10,102 4,113 723 14,938
At 31st July 2023 20,473 7,730 1,341 29,544
NET BOOK VALUE
At 31st July 2023 83,485 38,467 1,554 123,506
At 31st July 2022 88,718 32,041 2,277 123,036

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 4,491 9,650
Other debtors - 162
Prepayments and accrued income 2,306 1,421
6,797 11,233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade creditors 24,105 18,722
Amounts owed to joint ventures 80,259 83,000
Corporation tax 42,603 -
Social security and other taxes 5,170 6,964
Other creditors 3,297 3,895
Accruals and deferred income 101,979 139,528
257,413 252,109

GODSTONE FARM DAY NURSERY LIMITED (REGISTERED NUMBER: 13096008)

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

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
as restated
£    £   
Within one year 57,600 38,400
Between one and five years 230,400 153,600
In more than five years 451,200 339,200
739,200 531,200

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GODSTONE FARM DAY NURSERY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Godstone Farm Day Nursery Limited for the year ended 31st July 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Godstone Farm Day Nursery Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Godstone Farm Day Nursery Limited and state those matters that we have agreed to state to the Board of Directors of Godstone Farm Day Nursery Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Godstone Farm Day Nursery Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Godstone Farm Day Nursery Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Godstone Farm Day Nursery Limited. You consider that Godstone Farm Day Nursery Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Godstone Farm Day Nursery Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


8th February 2024