Registered number
09040390
Yellow Bunnies Daycare Ltd
Filleted Accounts
31 May 2023
Yellow Bunnies Daycare Ltd
Registered number: 09040390
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 2,000
Tangible assets 4 17,426 25,569
17,426 27,569
Current assets
Cash at bank and in hand 49,905 29,603
Creditors: amounts falling due within one year 5 (15,704) (9,196)
Net current assets 34,201 20,407
Total assets less current liabilities 51,627 47,976
Creditors: amounts falling due after more than one year 6 (35,160) (19,499)
Net assets 16,467 28,477
Capital and reserves
Called up share capital 3 3
Profit and loss account 16,464 28,474
Shareholder's funds 16,467 28,477
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miss T Davies
Director
Approved by the board on 22.01.2024
Yellow Bunnies Daycare Ltd
Notes to the Accounts
for the year ended 31 May 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 12
3 Intangible fixed assets £
Goodwill:
Cost
At 1 June 2022 10,000
At 31 May 2023 10,000
Amortisation
At 1 June 2022 8,000
Provided during the year 2,000
At 31 May 2023 10,000
Net book value
At 31 May 2023 -
At 31 May 2022 2,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2022 3,162 31,995 35,157
Additions - 21,558 21,558
Disposals - (31,995) (31,995)
At 31 May 2023 3,162 21,558 24,720
Depreciation
At 1 June 2022 1,589 7,999 9,588
Charge for the year 315 5,389 5,704
On disposals - (7,998) (7,998)
At 31 May 2023 1,904 5,390 7,294
Net book value
At 31 May 2023 1,258 16,168 17,426
At 31 May 2022 1,573 23,996 25,569
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 14,691 8,205
Other creditors 1,013 991
15,704 9,196
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,661 -
Other creditors 19,499 19,499
35,160 19,499
7 Other information
Yellow Bunnies Daycare Ltd is a private company limited by shares and incorporated in England & Wales. Its registered office is:
Lysaghts
Orb Drive
Newport
South Wales
NP19 0RA
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