Registered number
06521699
CHERUBINS DAY NURSERY LIMITED
Filleted Accounts
31 March 2023
CHERUBINS DAY NURSERY LIMITED
Registered number: 06521699
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 559,589 569,398
Current assets
Debtors 4 32,134 17,387
Bank (35,224) 111,638
Bank 263 263
Bank 88,214 75,480
Cash in Hand 21,088 11,286
106,475 216,054
Creditors: amounts falling due within one year 5 10,523 (156,597)
Net current assets 116,998 59,457
Total assets less current liabilities 676,587 628,855
6 (2,040) -
Net assets 674,547 628,855
Capital and reserves
Called up share capital 2 2
Profit and loss account 674,545 628,853
Shareholder's funds 674,547 628,855
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 his 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.
Elaine Brown
Director
Approved by the board on 29 March 2024
CHERUBINS DAY NURSERY LIMITED
Notes to the Accounts
for the year ended 31 March 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.
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 by reducing balance method, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 56 56
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 530,160 303,855 94,476 928,491
At 31 March 2023 530,160 303,855 94,476 928,491
Depreciation
At 1 April 2022 - 289,918 69,175 359,093
Charge for the year - 3,484 6,325 9,809
At 31 March 2023 - 293,402 75,500 368,902
Net book value
At 31 March 2023 530,160 10,453 18,976 559,589
At 31 March 2022 530,160 13,937 25,301 569,398
4 Debtors 2023 2022
£ £
Trade debtors 32,134 32,134
Inter company transactions - (14,747)
32,134 17,387
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other Current Liabilities - 54,983
Bank loans and overdrafts (755) (755)
Accruals - 4,574
Corporation tax 19,540 28,828
Other taxes and social security costs - 88,383
Pension 3,010 2,673
Director's current account (68,120) (144,550)
Bounce Back Loan 35,802 46,451
Other creditors - 76,010
(10,523) 156,597
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 2,040 -
7 Other information
CHERUBINS DAY NURSERY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Chestnut Lodge
48 Palace Road
London
SW2 3NJ
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