Registered number
11540522
Early Learners Nursery (Sutton) Ltd
Filleted Accounts
31 December 2023
Early Learners Nursery (Sutton) Ltd
Registered number: 11540522
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 368,660 374,247
Current assets
Debtors 4 88,166 87,233
Cash at bank and in hand 122 10
88,288 87,243
Creditors: amounts falling due within one year 5 (112,579) (103,192)
Net current liabilities (24,291) (15,949)
Total assets less current liabilities 344,369 358,298
Creditors: amounts falling due after more than one year 6 (201,161) (211,075)
Net assets 143,208 147,223
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 132,335 132,335
Profit and loss account 10,773 14,788
Shareholders' funds 143,208 147,223
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Hayden McCann
Director
Approved by the board on 7 March 2024
Early Learners Nursery (Sutton) Ltd
Notes to the Accounts
for the year ended 31 December 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 evenly over its expected useful life, as follows:
Computer Equipment 20% Straight Line
Fixtures, fittings, tools and equipment 10% Straight Line
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.
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 18 19
3 Tangible fixed assets
Land and buildings Furniture & Fixtures Equipment Total
£ £ £ £
Cost or valuation
At 1 January 2023 340,000 20,302 35,436 395,738
Additions - - 548 548
At 31 December 2023 340,000 20,302 35,984 396,286
Depreciation
At 1 January 2023 - 7,640 13,851 21,491
Charge for the year - 2,030 4,105 6,135
At 31 December 2023 - 9,670 17,956 27,626
Net book value
At 31 December 2023 340,000 10,632 18,028 368,660
At 31 December 2022 340,000 12,662 21,585 374,247
Freehold land and buildings: 2023 2022
£ £
Historical cost 207,665 207,665
Cumulative depreciation based on historical cost - -
207,665 207,665
The valuation of the property was carried out in June 2021 by Christie & Co
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 87,331 86,828
Other debtors 835 405
88,166 87,233
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 39,958 60,406
Trade creditors - 162
Amounts owed to group undertakings and undertakings in which the company has a participating interest 334 334
Taxation and social security costs 37,808 4,432
Other creditors 34,479 37,858
112,579 103,192
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 201,161 211,075
7 Revaluation reserve 2023 2022
£ £
At 1 January 2023 132,335 132,335
At 31 December 2023 132,335 132,335
8 Other information
Early Learners Nursery (Sutton) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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