21 false false false false false false false false false true false false false false false false No description of principal activity 2022-09-01 Sage Accounts Production Advanced 2021 - FRS102_2021 50,000 50,000 1,782 244 1,538 xbrli:pure xbrli:shares iso4217:GBP 07913658 2022-09-01 2023-08-31 07913658 2023-08-31 07913658 2022-08-31 07913658 2021-09-01 2022-08-31 07913658 2022-08-31 07913658 core:NetGoodwill 2022-09-01 2023-08-31 07913658 core:LandBuildings core:ShortLeaseholdAssets 2022-09-01 2023-08-31 07913658 core:FurnitureFittings 2022-09-01 2023-08-31 07913658 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 07913658 bus:Director1 2022-09-01 2023-08-31 07913658 core:WithinOneYear 2023-08-31 07913658 core:WithinOneYear 2022-08-31 07913658 core:NetGoodwill 2023-08-31 07913658 core:LandBuildings 2022-08-31 07913658 core:FurnitureFittings 2022-08-31 07913658 core:LandBuildings 2023-08-31 07913658 core:FurnitureFittings 2023-08-31 07913658 core:LandBuildings 2022-09-01 2023-08-31 07913658 core:ShareCapital 2023-08-31 07913658 core:ShareCapital 2022-08-31 07913658 core:RetainedEarningsAccumulatedLosses 2023-08-31 07913658 core:RetainedEarningsAccumulatedLosses 2022-08-31 07913658 core:BetweenOneFiveYears 2023-08-31 07913658 core:BetweenOneFiveYears 2022-08-31 07913658 core:DeferredTaxation 2022-09-01 2023-08-31 07913658 core:LandBuildings 2022-08-31 07913658 core:FurnitureFittings 2022-08-31 07913658 core:DeferredTaxation 2022-08-31 07913658 core:DeferredTaxation 2023-08-31 07913658 bus:SmallEntities 2022-09-01 2023-08-31 07913658 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 07913658 bus:FullAccounts 2022-09-01 2023-08-31 07913658 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 07913658 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 07913658 bus:OrdinaryShareClass1 2023-08-31 07913658 bus:OrdinaryShareClass1 2022-08-31 07913658 core:ComputerEquipment 2022-09-01 2023-08-31 07913658 core:ComputerEquipment 2022-08-31 07913658 core:ComputerEquipment 2023-08-31
COMPANY REGISTRATION NUMBER: 07913658
HEATHERFIELD DAY NURSERY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 August 2023
HEATHERFIELD DAY NURSERY LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 5
HEATHERFIELD DAY NURSERY LIMITED
BALANCE SHEET
31 August 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
11,509
13,353
Current assets
Debtors
7
704
1,185
Cash at bank and in hand
9,831
12,207
------------
------------
10,535
13,392
Creditors: amounts falling due within one year
8
( 11,948)
( 7,267)
------------
------------
Net current (liabilities)/assets
( 1,413)
6,125
------------
------------
Total assets less current liabilities
10,096
19,478
Provisions
Taxation including deferred tax
9
( 1,538)
( 1,782)
------------
------------
Net assets
8,558
17,696
------------
------------
Capital and reserves
Called up share capital
12
100
100
Profit and loss account
8,458
17,596
------------
------------
Shareholders funds
8,558
17,696
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 13 March 2024 , and are signed on behalf of the board by:
D J Hughes Director
Company registration number: 07913658
HEATHERFIELD DAY NURSERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 AUGUST 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initally recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Improvements
-
33% straight line
Fixtures and Fittings
-
25% reducing balance
Computer Equipment
-
33% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
The company operates defined contribution pension schemes for certain employees. The assets of the schemes are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 21 (2022: 18 ).
5. Intangible assets
Goodwill
£
Cost
At 1 September 2022 and 31 August 2023
50,000
------------
Amortisation
At 1 September 2022 and 31 August 2023
50,000
------------
Carrying amount
At 31 August 2023
------------
At 31 August 2022
------------
6. Tangible assets
Leasehold Improvements
Fixtures and Fittings
Computer Equipment
Total
£
£
£
£
Cost
At 1 September 2022
34,354
54,582
8,623
97,559
Additions
1,480
1,200
1,298
3,978
------------
------------
------------
------------
At 31 August 2023
35,834
55,782
9,921
101,537
------------
------------
------------
------------
Depreciation
At 1 September 2022
32,338
44,248
7,620
84,206
Charge for the year
1,502
2,884
1,436
5,822
------------
------------
------------
------------
At 31 August 2023
33,840
47,132
9,056
90,028
------------
------------
------------
------------
Carrying amount
At 31 August 2023
1,994
8,650
865
11,509
------------
------------
------------
------------
At 31 August 2022
2,016
10,334
1,003
13,353
------------
------------
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
323
560
Prepayments and accrued income
381
625
------------
------------
704
1,185
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
446
382
Accruals and deferred income
2,941
3,094
Corporation tax
7,199
3,710
Social security and other taxes
815
9
Obligations under finance leases and hire purchase contracts
388
Director's loan account
159
72
------------
------------
11,948
7,267
------------
------------
9. Provisions
Deferred tax (note 10)
£
At 1 September 2022
1,782
Charge against provision
( 244)
------------
At 31 August 2023
1,538
------------
10. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions (note 9)
1,538
1,782
------------
------------
11. Pensions
The company operates a defined contribution pension scheme for the benefit of the employees and directors. The assets of the scheme are administered by trustees in funds independent from those of the company.
The total contributions paid in the year amounted to £9,619 (2022: £21,079).
12. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
13. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
2,681
3,340
Later than 1 year and not later than 5 years
1,494
2,905
------------
------------
4,175
6,245
------------
------------
14. Related party transactions
Transactions with directors Included in creditors is a director's loan account of £159 (2022: £72) set out at note 10 above which is unsecured, repayable on demand and currently interest free. The company occupies premises owned by the director. No formal lease is in place and rent of £Nil (2022: £Nil) was charged during the year. Control of the company The company is controlled by the director.