Registered number
13451184
Early Learners Nursery (Parr) Limited
Filleted Accounts
31 December 2023
Early Learners Nursery (Parr) Limited
Registered number: 13451184
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 73,000 82,125
Tangible assets 4 412,494 430,535
485,494 512,660
Current assets
Debtors 5 383 444
Cash at bank and in hand 317 153
700 597
Creditors: amounts falling due within one year 6 (226,175) (225,363)
Net current liabilities (225,475) (224,766)
Total assets less current liabilities 260,019 287,894
Creditors: amounts falling due after more than one year 7 (391,532) (376,698)
Net liabilities (131,513) (88,804)
Capital and reserves
Called up share capital 100 100
Profit and loss account (131,613) (88,904)
Shareholder's funds (131,513) (88,804)
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 member has 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 (Parr) Limited
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Fixtures, fittings, tools and equipment 20% 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.
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
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 8 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 91,250
At 31 December 2023 91,250
Amortisation
At 1 January 2023 9,125
Provided during the year 9,125
At 31 December 2023 18,250
Net book value
At 31 December 2023 73,000
At 31 December 2022 82,125
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Computer Equipment Furniture and Fixtures Total
£ £ £ £
Cost
At 1 January 2023 340,332 1,723 111,031 453,086
At 31 December 2023 340,332 1,723 111,031 453,086
Depreciation
At 1 January 2023 - 345 22,206 22,551
Charge for the year - 276 17,765 18,041
At 31 December 2023 - 621 39,971 40,592
Net book value
At 31 December 2023 340,332 1,102 71,060 412,494
At 31 December 2022 340,332 1,378 88,825 430,535
5 Debtors 2023 2022
£ £
Other debtors 383 444
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 28,402 52,253
Trade creditors 502 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest 170,582 152,778
Taxation and social security costs 4,211 2,204
Other creditors 22,478 18,128
226,175 225,363
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 391,532 376,698
8 Other information
Early Learners Nursery (Parr) Limited 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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