Registered number
09847502
Early Learners Nursery Runcorn Ltd
Filleted Accounts
31 December 2023
Early Learners Nursery Runcorn Ltd
Registered number: 09847502
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 449,713 399,097
Current assets
Debtors 4 308,658 277,164
Cash at bank and in hand 266 8
308,924 277,172
Creditors: amounts falling due within one year 5 (295,256) (266,419)
Net current assets 13,668 10,753
Total assets less current liabilities 463,381 409,850
Creditors: amounts falling due after more than one year 6 (288,540) (271,921)
Net assets 174,841 137,929
Capital and reserves
Called up share capital 100 100
Profit and loss account 174,741 137,829
Shareholders' funds 174,841 137,929
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 Runcorn 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:
Freehold buildings 3.33% Straight Line
Plant and machinery 10% Reducing Balance
Fixtures, fittings, tools and equipment over 5 years
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 17 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 398,405 46,232 - 444,637
Additions - 3,559 97,775 101,334
Disposals - - (37,650) (37,650)
At 31 December 2023 398,405 49,791 60,125 508,321
Depreciation
At 1 January 2023 26,399 19,141 - 45,540
Charge for the year 3,771 3,284 9,778 16,833
On disposals - - (3,765) (3,765)
At 31 December 2023 30,170 22,425 6,013 58,608
Net book value
At 31 December 2023 368,235 27,366 54,112 449,713
At 31 December 2022 372,006 27,091 - 399,097
4 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 306,596 274,566
Other debtors 2,062 2,598
308,658 277,164
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 43,173 65,035
Obligations under finance lease and hire purchase contracts 8,775 -
Trade creditors 728 699
Amounts owed to group undertakings and undertakings in which the company has a participating interest 187,149 182,033
Taxation and social security costs 42,271 5,292
Other creditors 13,160 13,360
295,256 266,419
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 217,548 233,311
Obligations under finance lease and hire purchase contracts 34,315 -
Other creditors 36,677 38,610
288,540 271,921
7 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 278,161 278,161
The bank loan is secured on the asset to which it relates.
8 Other information
Early Learners Nursery Runcorn 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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