Registered number
04618686
Hill Top Daycare Nursery Limited
Filleted Accounts
For the year ended 31 December 2022
Hill Top Daycare Nursery Limited
Registered number: 04618686
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 32,120 46,632
Current assets
Debtors 4 9,153 8,755
Cash at bank and in hand 131,621 180,310
140,774 189,065
Creditors: amounts falling due within one year 5 (103,199) (104,460)
Net current assets 37,575 84,605
Total assets less current liabilities 69,695 131,237
Provisions for liabilities (715) (1,247)
Net assets 68,980 129,990
Capital and reserves
Called up share capital 1 1
Profit and loss account 68,979 129,989
Shareholder's funds 68,980 129,990
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.
Approved by the board on 7 March 2024
H Bhaiyat
Director
Hill Top Daycare Nursery Limited
Notes to the Accounts
for the year ended 31 December 2022
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, and includes the revenue from nursery fees.
Grant income
Grants of a revenue nature are credited to the profit and loss account in the year which they accrue. Grants for the purchase of fixed assets are treated as deferred income and credited to the profit and loss over the estimated useful life of the relevant assets.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 25% per annum on cost
Nursery and computer equipment 33% per annum on cost
Short leasehold property 20% per annum on cost
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Company contributions to employee pension plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of employees in year, including directors 38 35
3 Tangible fixed assets
Short leasehold property Fixtures fittings and equipment Total
£ £ £
Cost
At 1 January 2022 127,910 72,750 200,660
Additions - - -
Disposals - - -
At 31 December 2022 127,910 72,750 200,660
Depreciation
At 1 January 2022 87,840 66,188 154,028
Charge for the year 11,714 2,798 14,512
At 31 December 2022 99,554 68,986 168,540
Net book value
At 31 December 2022 28,356 3,764 32,120
At 31 December 2021 40,070 6,562 46,632
4 Debtors 2022 2021
£ £
Prepayments 5,728 5,330
Other debtors 3,425 3,425
9,153 8,755
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxes and social security costs 10,435 11,843
Accruals and deferred income 28,992 27,712
Other creditors 63,772 64,905
103,199 104,460
6 Controlling party
The company is controlled by H Bhaiyat by virtue of her 100% shareholding.
7 Other information
Hill Top Daycare Nursery Limited is a private company limited by shares and incorporated in England. Its registered office is 6 Ottaway Street, Hackney, London, E5 8PX.
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