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REGISTERED NUMBER: 07162819 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Springboard Nursery Limited

Springboard Nursery Limited (Registered number: 07162819)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Springboard Nursery Limited

Company Information
for the year ended 30 June 2023







DIRECTORS: T Heelas
Mrs G Heelas





SECRETARY: Mrs G Heelas





REGISTERED OFFICE: The Bloc
38 Springfield Way
Anlaby
East Yorkshire
HU10 6RJ





REGISTERED NUMBER: 07162819 (England and Wales)





ACCOUNTANTS: Marshall & Co
Chartered Accountants
& Chartered Tax Advisers
The Bloc
Springfield Way
Anlaby
Kingston upon Hull
East Yorkshire
HU10 6RJ

Springboard Nursery Limited (Registered number: 07162819)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 75,773 48,540

CURRENT ASSETS
Debtors 5 259,989 81,303
Cash at bank and in hand 332,800 706,580
592,789 787,883
CREDITORS
Amounts falling due within one year 6 172,267 255,252
NET CURRENT ASSETS 420,522 532,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

496,295

581,171

CREDITORS
Amounts falling due after more than one year 7 (75,061 ) (119,204 )

PROVISIONS FOR LIABILITIES (9,480 ) (8,765 )
NET ASSETS 411,754 453,202

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 411,654 453,102
411,754 453,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Springboard Nursery Limited (Registered number: 07162819)

Balance Sheet - continued
30 June 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 15 March 2024 and were signed on its behalf by:





Mrs G Heelas - Director


Springboard Nursery Limited (Registered number: 07162819)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Springboard 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.

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.
Plant and machinery etc - 33% on cost, 20% on reducing balance, 15% on reducing balance and 10% on cost

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.

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 82 (2022 - 59 ) .

Springboard Nursery Limited (Registered number: 07162819)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 140,798
Additions 63,716
At 30 June 2023 204,514
DEPRECIATION
At 1 July 2022 92,258
Charge for year 36,483
At 30 June 2023 128,741
NET BOOK VALUE
At 30 June 2023 75,773
At 30 June 2022 48,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 259,989 81,303

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 51,792 5,861
Trade creditors 7,251 -
Taxation and social security 20,921 52,301
Other creditors 92,303 197,090
172,267 255,252

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 75,061 17,954
Other creditors - 101,250
75,061 119,204

8. OTHER FINANCIAL COMMITMENTS

At 30 June 2023, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £2,203,029 (2022 - £849,222)

Springboard Nursery Limited (Registered number: 07162819)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


9. RELATED PARTY DISCLOSURES

At the year end the company was owed £131,622 (2022 - £6,153) from the directors. The loans are interest bearing at 2.25% and have no formal terms of repayment.